XRP may break through within two days, MicroStrategy has a 90% chance of being included in the Nasdaq 100 index, and the revenue of BTCMiner has reached 710 billion US dollars, setting a new historical high: U.Today's encryption news summary

XRP breakthrough could happen within two days: key patterns worth watching

The price chart of XRP reveals an interesting setup as the asset trades within a descending price channel, indicating a potential breakout. After an upward parabolic move, the asset is consolidating, maintaining higher lows and showing resilience near the support level of $2.30, suggesting a bullish momentum. Despite recent declines, the stable trading volume and the relative strength index hovering near overbought levels further confirm the fundamental strength of XRP. The upper limit of the descending channel is currently at $2.50, a key level to monitor as a decisive breakout above this level could propel XRP back to previous highs. If XRP fails to break out, there may be another opportunity for accumulation if it retests lower support levels around $2 or near the 26 EMA. If a breakout occurs, the next targets could be $2.80, followed by the psychological barrier of $3. The next 48 hours are crucial as XRP approaches the peak of the downward channel. The resolution of the current pattern could result in the continuation of the trend, especially if the trading volume remains strong.