XRP bulls unleashed: $1 within reach as two key indicators come together
With the general frenzy in the cryptocurrency market that has led its representative asset, Bitcoin (BTC), to cross a massively important price target at $62,000, it is no surprise that others are following suit, including XRP, which could be looking at a rally toward $1. Indeed, the XRP token, which has surpassed the psychological threshold at $0.60, has closed above the daily Ichimoku Clouds and with a bullish hammer, expecting to target $1, according to the observations shared by pseudonymous crypto trading analyst Dark Defender in an X post on February 29. XRP price action analysis. Source: Dark Defender Specifically, Ichimoku Clouds refer to a collection of technical Analysis (TA) indicator s that show support and resistance levels, as well as momentum and direction – including a nine-period average, a 26-period average, an average of those two averages, a 52-period average, and a lagging closing price line. Picked for you Unveiled: The healthcare stock with...