A meticulous analysis of the XRP/USD trading pair by renowned crypto analyst, Jaydee, has shed light on some compelling technical patterns and indicators. With the crypto community eagerly anticipating XRP’s next major move, Jaydee offers insights that hint at two critical price thresholds before a potential rally toward $5. What’s Next For The XRP Price? The analyst today shared the following 1-week chart of XRP and explained: “XRP – PATIENCE & ignoring the news is key! Let’s take a step back and look at a more macro view! Though short term may look scary (even w/all these irrelevant news), the weekly chart still creating ‘hidden bullish divergence’ on RSI/SRSI.” Central to Jaydee’s analysis of the logarithmic scale chart of XRP/USD is the identification of a symmetrical triangle pattern. This pattern on a chart signifies a phase of consolidation, after which the price will either break out or break down. A breach of the lower trendline signals the onset of a fresh bearish trend, whereas a surge past the upper trendline suggests ..
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