Benzinga verify icon

2W
...

XRP Surges 4%: What Is Going On?

XRP (CRYPTO: XRP) is up 4% over the past 24 hours, supported by a broader crypto market rally and renewed ETF demand.

What Happened: CrediBULL Crypto noted XRP has completed a triple-tap pattern that reached its target at the range highs, setting up a key inflection point. From here, price action suggests two scenarios:

Either the move was a relief bounce that swept liquidity at the highs before resuming a local downtrend toward sub-$1.77 levels, or the pattern has formed a solid demand base with $1.77 acting as defended support, allowing dips to be bought for further upside.

Given Bitcoin’s strength and broader market context, the bias favours the second scenario implying looking for long…

Read more on Benzinga

73.3K Reads