Ripple (XRP) ranks 6th on CoinMarketCap in terms of its market capitalization. The overview of the Ripple price prediction for 2023 is explained below with a daily time frame.
In the above chart, Ripple (XRP) laid out a horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Ripple (XRP) was recorded at $0.4219. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.7952. If the trend reverses, then the price of XRP may fall to the support of $0.3312
In the above chart, Ripple (XRP) laid out a horizontal channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Ripple (XRP) was recorded at $0.4219. If the pattern trend continues, then the price of XRP might reach the resistance levels of $0.7952. If the trend reverses, then the price of XRP may fall to the support of $0.3312
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