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Ripple (XRP) prices may rise to over $3
The XRP price is trying to break through the consolidation range and has been stagnant for over a month. The recent rebound confirms the bullish view, but also indicates the possibility of a bear trap, as bears remain highly vigilant. Therefore, the XRP price rebound may break through the current consolidation, but could ultimately be rejected.
The daily chart of XRP indicates that the price is attempting to break through the resistance of the bullish triangle flag. At the same time, the token also shows the possibility of a bearish divergence, indicating the possibility of a bullish trap, as the MACD indicates a decreasing selling pressure. And the horizontal is about to undergo a bullish crossover. In addition, the Ichimoku cloud, which is still in the bullish zone, may further undergo a bullish crossover. Therefore, it is expected that the XRP price will break through the resistance of the triangle flag in the next few hours and reach the direct resistance of 2.68 US dollars. If it fails to do so, it may continue to consolidate in the pattern above 2 US dollars until reaching the peak.