XRP price risks 35% correction despite the latest gains.
XRP's price rally brought it closer to the breakout target of $0.60. However, theWhy is XRP price up today?
Technical indicators also show the XRP/USD pair facing the upper trendline of its prevailing rising channel. Thus, a correction toward the lower trendline is now in play, with the downside price target around $0.38 in April, down 35% from current price levels.On a broader timeframe, the rising channel appears like a bear flag, a bearish continuation technical indicator.The completion of the flag pattern could see XRP price falling to $0.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
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