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▲ XRP/AI generated image
Ripple (XRP) is generating a strong upward signal by breaking through a key resistance line. In the market, there is a mood where not just a simple rebound but even the possibility of a 'structural trend reversal' is being discussed.
According to reports from a virtual asset specialized media on April 9 (local time), XRP recently formed a bullish trend by breaking above a major downtrend line based on higher charts. It is analyzed that the key is that it solidified a strong bottom by supporting the approximately $1.31 range multiple times before completing an upward structure.
Technically, significant changes have also been detected. The long-term triangular convergence pattern has been broken upwards, and the Relative Strength Index (RSI) also shows an upward signal, indicating strengthening buying pressure.
Market analyst Dark Defender diagnosed that this structural change could be the beginning of a new upward cycle. He stated, "XRP's all-time high is back in sight," emphasizing the potential for further gains.
Currently, XRP is trading around the $1.3 level, and it needs to rise by more than 170% to reach its past all-time high.
However, market outlooks are mixed. Some analysts warn that downward pressure could reappear after a short-term rebound and also suggest the possibility of a correction below $1.09.
Ultimately, XRP is evaluated to have entered a critical turning point to determine further gains, along with the positive signal of breaking major resistance.
*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*
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