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As BTC's dominance falls below 57%, the cryptocurrency market shows optimistic signs. BTC itself has experienced a strong recovery, climbing from a low of $92,000 on December 31st to $98,000 today.
This momentum has had a positive impact on altcoins, with XRP standing out after a strong rebound from December. XRP is currently trading at $2.45, showing weekly and monthly green uptrends, and approaching a key resistance level.
Future key resistance:
The recent price trend of XRP has been influenced by its symmetrical triangle pattern on the daily chart. In December, XRP was rejected at the resistance level of $2.90 (the upper limit of the pattern), leading to a retracement to the lower support level of the triangle around $2.00.