XRP is displaying bullish momentum as it forms an ascending triangle pattern, indicating a potential significant price increase. The cryptocurrency is receiving strong support from the EMA Ribbon, suggesting a high level of buying interest.
XRP is outperforming Ethereum, which further supports the bullish outlook. Bitcoin is also showing positive signs, with a bull flag pattern indicating possible upward movement. The RSI and MACD indicators have crossed over, reinforcing the bullish sentiment.
However, Bitcoin dominance appears bearish on the daily timeframe, suggesting potential upward movement despite the observed bearish flag pattern. Recent data shows that XRP has liquidated all short positions, indicating substantial buying pressure. The entry price for XRP is set at 2.4077, with a target price of 2.6444. Investors are encouraged to participate in live streams for premium trading signals, with opportunities for free signals also available.