Analyst outlines XRP’s path to $5
Over the last seven days, XRP has broken above the critical $2.50 zone, gaining 21.47% on the weekly chart to trade at $2.59 as of May 14. After trading lower through April and threatening to stabilize well below $2, the third most popular cryptocurrency has now entered a parallel ascending channel promising to take it toward the $3 to $5 zone in the coming months, according to an Analysis posted on May 13 to TradingView by Rocksorgate, a chart expert focusing on the XRP token. An ascending parallel channel is a technical Analysis (TA) chart pattern that occurs when an asset records a series of higher highs and lows that fall within the bounds set by two sloping lines marking the trend boundaries. It is also known as a rising channel or a channel up. $2.50 remains a critical support zone for the XRP May rally Additionally, the assessment provided by the prolific analyst confirms not only that the levels between $2.48 and $2.50 were critical but also that, pe...