XRP Ripple: Analyzing 2-Year Rising Channel – Future Projections

XRP Ripple has been following a consistent pattern within a channel since June 2022 on the Weekly Timeframe. The current price stands at $0.52. The price action of Ripple is currently outside the Rising channel, presenting two potential scenarios. Firstly, the price action could return to the rising channel and aim for higher prices, encountering resistances at 0.63, 0.74, 0.85, and 0.95. Alternatively, XRP might continue its downward trend to retest a crucial support level around 0.4.

XRP idea remains relevant.