NewsMeter
FX Empire projects XRP could reach $2.10 in the coming weeks, citing a bullish flag pattern on the daily chart that implies 48% upside potential.
The analysis attributes this target to the size of the flag's pole, a technical indicator used to measure potential price extension following a consolidation phase.
The cryptocurrency gained nearly 3% over the past 24 hours as the broader market consolidates after a late-August rally.
This movement occurs despite a challenging macroeconomic backdrop, where the probability of a Federal Reserve rate hike in September has risen to 60%.
Keep reading