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Technical analysis by InvestingScope about Symbol XRP: Buy recommendation (5/8/2025)

https://sahmeto.com/message/3494298
InvestingScope
InvestingScope
Rank: 16237
1.4

XRPUSD: Can this 1D Death Cross push it to $9.000?

Buy
Price at Publish Time:
$2.25
Profit Target:
(+300.24%)$9
Stop Loss Price:
(-11.06%)$2
Buy،Technical،InvestingScope

XRP is neutral on its 1W technical outlook (RSI = 54.799, MACD = 0.197, ADX = 30.423) which showcases the strong upside potential of the coin. 1D is about to form a 1D Death Cross, the first in over 1 year and even though it is technically a bearish pattern, this time it may work in Ripple's favor. At least that's what happened in November 2017, when the market was coming out of a similar Descending Triangle like this year's (2025). The rally that followed topped on the 1.5 Fibonacci extension. It is possible to see it hit the new 1.5 Fib (TP = 9.000) before the year ends given enough institutional involvement.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##

Source Message: TradingView
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