XRP is approaching a technical zone that could precede a significant breakout, reminiscent of conditions before its last major surge. Current technical indicators reveal diminishing selling pressure, with long-term holders increasing their positions. Notably, the Stochastic RSI on the 3-week chart has reached 0.00, a rare occurrence last seen in 2022. Additionally, a fractal pattern similar to the 2016–2017 cycle suggests XRP may be concluding a correction phase, potentially setting the stage for a rally.
XRP Approaches Key Technical Zone Indicating Potential Breakout
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