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- XRP’s September candle concludes with a promising doji, indicating potential bullish momentum.
- Clearing the $0.55 hurdle could see XRP breach the weekly Ichimoku Clouds, reinforcing its bullish stance.
- With major resistance thresholds outlined, all eyes are set on XRP’s potential rally towards an all-time high of $5.85.
XRP, Ripple’s flagship cryptocurrency, wrapped up September on an intriguing note, with its candle pattern suggesting potential upward momentum. The closing doji is historically viewed as a sign of indecision in the market, but optimists are reading it as a precursor to a positive turn.
Initial observations spotlight a possible re-test towards the $0.66 mark in the forthcoming days. The crucial pivot, however, lies at the $0.55 threshold. Should XRP cross this line, it’s expected to gain significant momentum, largely because it will then position itself above the weekly Ichimoku Clouds – a bullish sign for traders and analysts alike.
Morning US, afternoon EU & fijn avond Asia!#XRP closed the Sep candle with a doji.
— Dark Defender (@DefendDark) October 1, 2023
I take this positive, as always, and expect a re-test towards $0.66 in a couple of days.
Breaking $0.55 gives tremendous momentum since XRP will be above the weekly Ichimoku Clouds, which will… pic.twitter.com/OQCFoP49mD
As XRP clears its initial green-colored resistance, attention shifts to the subsequent barriers. The coin has already made strides past the second resistance at $0.91. If it breaches the yellow resistance above $0.66, a direct path towards $1.33 seems plausible.
But what’s truly got the XRP community buzzing is the violet resistance at $1.8815. Surpassing this could pave the way for discussions around a new all-time high. Preliminary estimates even suggest a possible rally towards a whopping $5.85.
To sum up, while the crypto market is notorious for its volatility, current signs in the XRP chart inspire hope and anticipation. As always, investors should exercise caution, but there’s palpable excitement in the air regarding XRP’s potential journey.