XRP traded at $1.45 on February 26, marking a 5.40% daily gain. Analysts note key support near $1.40 and identify a potential Harmonic Gartley pattern forming, suggesting a price target of $1.60 if the structure holds. The cryptocurrency’s daily volume was $6.34 billion with an $88.23 billion market cap.
XRP showed renewed short-term strength, trading at $1.45 with a 5.40% daily gain. Its daily trade volume stood at $6.34 billion, with a market capitalization of $88.23 billion.
Analyst CryptoPulse suggested buying near the $1.40 support level with a target near $1.60. “The trade remains valid as long as $1.40 holds,” the analyst stated, emphasizing defined risk and clear upside.
Technical observers also highlight a possible Harmonic Gartley pattern forming near $1.30. The pattern’s development relies on the price holding key support levels to complete its structure.
The crucial support for this pattern is identified at the $1.20 level. A break below this zone would invalidate the bullish structure for the asset.
Conversely, a break above resistance near $1.60 could propel the price toward the $1.80 level. The price action is currently in the process of forming this harmonic pattern.
