<ul class="news-points"> 
 <li><strong>Ali Martinez predicted in an X post yesterday that XRP may fall to $0.55 soon.</strong></li> 
 <li><strong>The analyst shared that XRP was rejected from the middle line of an ascending channel.</strong></li> 
 <li><strong>A descending triangle on XRP’s daily chart also suggests XRP may drop in the next 48 hours.</strong></li> 
</ul> 
<p>The well known cryptocurrency analyst and trader Ali Martinez shared in an X post yesterday that the <a href="https://coinedition.com/ripple-xrp-price-prediction/">price of XRP</a> could be at risk of dropping in the next few days. This prediction came after the remittance token got rejected from the middle line in an ascending parallel channel that it has recently been trading in on its 3-day chart.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$XRP</a> is moving inside an ascending parallel channel! After facing rejection at the channel's mid-line, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> might see a pullback toward the lower boundary, around $0.55. <a href="https://t.co/1lfCDOAXur" target="_blank" rel="nofollow">pic.twitter.com/1lfCDOAXur</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1736342920939061454?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 17, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Martinez stated that he believes the price of XRP could face a drop to $0.55. His bearish prediction seems to have set in motion in the past 24 hours. Data from the cryptocurrency market tracking website <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="nofollow">CoinMarketCap</a> indicated that the remittance token dropped 2.03% throughout the past day of trading.\</p>   
<p>The post <a href="https://coinedition.com/technical-indicators-support-analysts-0-55-xrp-target/">Technical Indicators Support Analyst’s $0.55 XRP Target</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Technical Indicators Support Analyst’s $0.55 XRP Target

Coin Edition

Other articles published on Dec 18, 2023

Bonk (BONK) to pump hard on the back of Solana (SOL), Retik Finance (RETIK) to do better than bot...

Lean Community and FreeLIB Newsletter - Week #50

Sylo rallies to 19-month high despite market-wide turbulence

Crypto’s New Frontier: This Emerging Coin Exceeds All Expectations, Rivaling Chainlink’s Record

Riding the BONK Wave: Solana Saga Phones Surge to $3K on eBay, Igniting 5X Price Hikes!

Hut 8 signs interim deal for Texas mining amid Celsius bankruptcy

Join our free newsletter for daily crypto updates!