XRP is about to break through: After a 7-month consolidation, the technical analysis indicates a possible price potential with a break of the brand of USD 2.285, reports Crypto Michael.

XRP is about to break through: After a 7-month consolidation, the technical analysis indicates a possible price potential with a break of the brand of USD 2.285, reports Crypto Michael.

XRP shortly before the breakthrough after 7-month consolidation

The cryptocurrency market is constantly on the move, and XRP is currently attracting the attention of many investors and analysts. According to the crypto analyst Crypto Michael, XRP is about to have a potential breakthrough after the digital currency has undergone a phase of consolidation in the past seven months.

technical analyzes indicate that the price development of XRP could develop in a positive direction, especially if the resistance is overcome at $ 2.285. Such a breakthrough could be a signal for a new bullish trend and further heat up the interest of investors and traders on XRP.

The long consolidation phase could be seen as preparation for a price increase. Investors should therefore keep an eye on the current market trends and technical indicators in order to benefit from possible price movements.