Ripple's Bullish and Bearish Scenarios

XRP sits in support zone at bottom of ascending channel. Bullish patterns may drive price to channel's ceiling and indicated resistance zone. Break below blue support zone could signal start of downward trend.

4/22/20241 min read

Chart depicting XRP in support zone at bottom of ascending channel. Bullish patterns could propel pr
Chart depicting XRP in support zone at bottom of ascending channel. Bullish patterns could propel pr

XRP is currently in a support zone and at the bottom of an ascending channel. If bullish patterns form in this area, the price is expected to rise to the channel's ceiling and the indicated resistance zone. If the blue support zone breaks and the price closes below it, a downward trend will begin.