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XRP (XRP) has dropped nearly 30% since hitting a seven-year high of $3.39 in January.
Still, bullish news—like Ripple’s potential resolution in the SEC lawsuit and a new license in Dubai—has fueled a rebound. As of March 24, XRP was trading for as high as $2.47, up 38% from its year-to-date low of $1.79.
How high can the XRP price go from here? Let’s examine.
XRP parallel channel projects $2.77 target
XRP is climbing within a rising parallel channel, showing signs of strength as it pushes toward a crucial resistance level.
Key takeawas:
- The pair is now eyeing a retest of $2.59—the 0.618 Fibonacci retracement level—which previously acted as a strong resistance capping the March 19…more
Source cointelegraph.com
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