XRP Price Teeters at $1.40 as Analysts Weigh Bullish Breakout Against Bearish MACD Signal
XRP has been trading near $1.42 after recovering from its August lows around $1.00, but conflicting technical signals have left traders debating whether the token is preparing for a breakout toward $2.10 or facing a deeper correction that could send it back toward $1.30 or below.
Crypto analyst Steph Is Crypto has identified the current consolidation as a bull pennant that formed after an initial pump nearly two weeks ago, and says that a decisive move above the $1.46-$1.47 zone would establish a stronger local bullish structure and open a path toward approximately $2.10.
However, Steph Is Crypto has also raised concerns about a bearish signal on the daily chart - a MACD death cross is forming, which historically has preceded sharp corrections in XRP.