XRP’s latest pullback forms a classic bullish continuation structure, with a profit target above $15.
XRP (XRP) stalls after an amazing six-week rally as profit-booking slows down the altcoin’s rally toward $3.00.
The XRP/USD pair is down 2% to its intraday low of $2.3 on Dec. 16 in a corrective trend that began after it topped out at $2.90 on Dec. 3. As a result, XRP’s price is down by almost 18% after tripling its value in the past six weeks.
XRP has been receiving growing attention, not only because of its outperformance over the last few weeks but also due to major developments within the XRP Ledger (XRPL) ecosystem, including the upcoming RLUSD stablecoin.
