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Famous trader and market commentator Jacobcanfield (@jacobcanfield) share XRP as an outstanding performance in Altcoins and share the price list of X, which emphasizes the recent momentum of Token. Masu. Most Altcoins have recently suffered two digits, but the XRP prices are very well maintained.
XRP builds strong momentum
The daily chart of the XRP/USD for Bybit has steadily increased to the current integrated area of about $ 3.10, around $ 0.50 in early November. The overall picture shows a series of high and higher low prices that affirm the continuous powerful structure of XRP.
The first rally started with less than $ 0.50 and gained momentum from November to early December. By late December, the XRP reached a $ 2.00 area and temporarily integrated it before continuing up. In mid -January, the tokens exceeded $ 3.00 and exceeded nearly $ 3.20 before experiencing pullbacks.
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The CANFIELD chart emphasizes several important support and resistance levels, including a pink demand zone of around $ 1.90 to 2.00, which has been functioning as a strong base every time the price falls. The sharp core to this zone, followed by the quick recovery, suggests that the Bulls consistently defends the $ 2.00 excitement.
The top of the chart is a black horizon near $ 2.90. It marked the local top in early December 2024 and is currently working as a support. XRP’s past support level ($ 0.5478, $ 0.3125, $ 0.1778) provides important regional contexts observed in the past trading cycle, far below the current market price.
Recent candle patterns reflect the remarkable volatility of about $ 3.00. Sudden falls temporarily acquired a market of less than $ 2.65, but the price rebounded almost as soon as possible. This type of sharp dip and recovery often means enough fluidity and the willingness to absorb the selling order. A candle cluster close to $ 3.05 to $ 3.10 shows the balance of trading pressure in an important resistance zone. The decisive movement may set a tone of short -term momentum.
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His simple but emphasized comment “XRP -It looks like the best Altcoin chart in Crypto now” -Field is a bullish view based on the clear structure of the chart and the demand with resilience. Is expressed. He pointed out the strength of an uptrend, a clearly defined support level, resistance level, and a powerful interest in the protection of the key zone.
He does not provide explicit price goals, but this chart has revealed the importance of retaining $ 3.00 or more. This may be more important than 3.24 (0.786 Fibonacci retic race level) with important 0.5 fibonacci retracement levels (drawn from the peak in mid -January).
In the worst scenario, the deeper correction could revisit the $ 2.00 demand zone, and XRP has found considerable support in recent months. It is not yet known whether XRP can maintain its position and build it based on the traction of the market, but its technical framework has attracted the attention of many traders looking for AltCoins with powerful trend dynamics. There is.
Special image created in Dall.e, chart of TradingView.com