XRP Rebounds From Channel Bottom, Analyst Says $2.60 Could Be Next

A cryptocurrency analyst has pointed out how XRP has bounced off the bottom level of a Parallel Channel and could be headed toward its midway line. XRP Recently Found Support At The Lower Line Of A Parallel Channel In a new post on X, analyst Ali Martinez has discussed about a technical analysis (TA) pattern forming in the 3-day price of XRP. The pattern in question is a “Parallel Channel,” appearing whenever an asset’s price consolidates between two parallel trendlines. Related Reading: Capriole Founder Not Bearish On Bitcoin Despite Headwinds—Here’s Why The upper level of the channel provides resistance to the asset, making tops probable at it source: https://www.newsbtc.com/xrp-news/xrp-rebounds-channel-bottom-analyst-2-60/