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Ripple Price Analysis: Consolidation Almost Over, XRP Prepares for a Big Move

  • Ripple remains trapped within a tight range between its 100-day and 200-day moving averages, signaling an imminent breakout.
  • The direction of this breakout will be crucial in determining the cryptocurrency’s next major trend.
  • On the daily chart, Ripple is trading within a low-volatility consolidation phase, with the 100-day and 200-day moving averages defining the range.
  • A breakout above the upper boundary of the descending wedge pattern could initiate a bullish shift for XRP.

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