XRP has successfully held above the Donchian Channel base for 11 consecutive months, indicating a significant technical shift. This level, which served as resistance for three years, was surpassed during the 2024 rally. The sustained position above this base is seen by traders as a sign of continued strength and potential market growth.
The current pattern is reminiscent of previous bullish cycles in 2017 and 2021, where the Donchian base transitioned to a dynamic support level. Analysts, including CryptoBilbuwoo0, suggest this could mark the beginning of a new upward phase for XRP, highlighting its potential for further gains.
XRP Maintains Position Above Key Donchian Support for 11 Months
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