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<p>A couple of crypto analysts shed some optimism on Ripple XRP as it battles a two-year downtrend. Crypto Rover <a href="https://twitter.com/rovercrc/status/1739338717377265980" target="_blank" rel="noreferrer noopener nofollow">notes</a> that Ripple appears poised to finally break the long-standing downtrend in place since early 2021. Meanwhile, trader JD <a href="https://twitter.com/jaydee_757/status/1739417643218767967" target="_blank" rel="noreferrer noopener nofollow">highlights </a>a bullish technical setup showing XRP breaking its multi-year trendline, which flipped into support.</p> 
<p>Drilling down into the token’s price action, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> changed hands around $0.6203 at the time of writing. Analysis by altFINS shows mixed trends for Ripple but highlights a bullish flag pattern forming on the charts. This follows XRP’s sharp advance in mid-2023 from under $0.30 to over $0.90.</p> 
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<p>The firming support around $0.55 aligns with XRP’s 200-day moving average, offering a low-risk area whereby traders can enter swing positions to play a retest of resistance around $0.68 in the near term.</p>  
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<p>For context, flag patterns typically emerge after sharp advances as the asset consolidates temporarily before resuming its larger trend. The pattern offers a technically sound setup to participate in the prevailing upside move.</p> 
<p>If Ripple manages to hold support on a closing basis around its 200-day MA and take out short-term $0.68 resistance, chances seem strong for closing its bearish gap toward the $0.90–$1.00 area where XRP peaked during its summer run.</p> 
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<p>The post <a href="https://captainaltcoin.com/ripple-is-set-to-break-its-2-year-downtrend-analyst-shares-the-next-target-if-xrp-breaks-0-68/">Ripple Is Set to Break Its 2-Year Downtrend, Analyst Shares The Next Target If XRP Breaks $0.68</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ripple Is Set to Break Its 2-Year Downtrend, Analyst Shares The Next Target If XRP Breaks $0.68

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