Technical analysis shows that the current sideways action should not be mistaken for weakness, as XRP is now on track to embark on a rebound move to the upside.
The price targets highlighted in his analysis are at $7, $11, $18, and as high as $27 in the longer term. These levels are based on upward-sloping trendlines on price targets that go as far back as 2016.
At the time of writing, XRP is trading at $2.83, up by 0.5% in the past 24 hours.
Featured image from Getty Images, chart from TradingView
