After experiencing an initial surge of around 50% alongside the broader crypto market back in November of last year, the price action of XRPUSD has been rather disappointing for the XRP Hodl army, characterized by a consistent pattern of lower highs.
However, recently, following a new test of the 0.5 zone, the cryptocurrency has shown signs of life and begun to ascend. Currently, the price is flirting with a descending trend line, and although a clear upside break hasn't occurred yet, the likelihood of it happening is considerable.
Should such a breakout occur, after enduring long-term frustration, the price could accelerate upward, with 0.75 serving as a potential target for those who aren't entertaining fantastical scenarios such as XRP reaching $10 USD or beyond.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.