This Bullish Pattern Breakout May Surge XRP Price By 22.5%

In our previous price analysis, we revealed that the XRP coin price follows a rounding bottom pattern. This bullish pattern sets the market sentiment in an upwards direction, leading to a gradual recovery to a higher level. However, amid the ongoing uncertainty in the crypto market, the XRP price is wobbling in a short range. Nevertheless, this consolidation offers another entry opportunity for interested buyers.

Key points from XRP Price Analysis: 

• The XRP price is wobbling in a no-trading zone
• The 50-and-100-day EMAs bullish crossover bring more buying order to the market
• The intraday trading volume in the XRP is $4.5 Billion, indicating a 123% gain.

Source- Tradingview

The XRP price witnessed a perpendicular growth in September’s third week, responding to the positive sentiment for the long-coming XRP vs SEC legal case. As a result, the altcoin reached a four-month high of $0.5523.

After such a sudden rally, the XRP price was bound to witness a correction and stabilize excessive buying activity. However, while the largest crypto currency-Bitcoin is wavering at $18300 support, many major crypto coins, including XRP, started resonating