\nXRP price eyes breakout to $0.75 as it concludes consolidating in a falling wedge pattern. Increased risk appetite could blast the token to $1 in January.\t\t\t\t<\/p>\n
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Published 23 seconds ago <\/p>\n
Amidst the excitement surrounding the spot Bitcoin exchange-traded funds (ETFs) in the US, concerns are spreading like wildfire about whether cryptos will dump with investors selling the news or pump backed by the benefits likely to emanate from this historical development.\u00a0XRP price<\/span><\/a>\u00a0wobbles alongside its peers, down 0.3% in the last 24 hours to trade at $0.56. Ethereum is in a similar predicament after sliding by 0.6% to $2,271.<\/p>\n <\/p>\n Intriguingly,\u00a0Bitcoin price<\/span><\/a>\u00a0has taken center stage, increasing by 4% to $46,758. This bullish outlook coupled with the imminent approval of the ETF by the Securities and Exchange Commission (SEC) could keep bears at bay while encouraging investors to seek more exposure not only to BTC but also to altcoins like XRP.<\/p>\n A falling wedge pattern is nearing a possible breakout after forming since early November in the wake of the spike to $0.75.<\/p>\n XRP price sustained a commendable uptrend from mid-October but due to profit-taking and general market sentiment in November and December, bulls scaled back, leaving the course open for bears to reign supreme.<\/p>\n A brief rebound on Monday elevated the cross-border money remittance token above the 200-day Exponential Moving Average (EMA) (in purple) where it hit a weekly high of $0.58 before sliding to retest the wedge support at $0.55.<\/p>\n Traders could be waiting for key signals that a trend reversal to $1 would be sustainable. This could start with a buy signal from the Moving Average Convergence Divergence (MACD) indicator, manifesting with the blue MACD line flipping above the red signal line.<\/p>\n <\/p>\n Recommended for you:<\/b>\u00a0Ethereum Price Rally Hiatus Eyes Fresh Liquidity With Spot BTC ETF Approaching\u00a0<\/span><\/a><\/span><\/p>\nXRP Price Prediction: Incoming Falling Wedge Breakout Targets $0.75<\/h2>\n
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