XRP Price Outlook: Analyst Sees $2 Target After Breakout
- XRP’s $0.30-$0.32 support zone, bolstered by trendlines, indicates strong resilience against downward pressure.
- Resistance at $0.65-$0.70 forms a crucial barrier, supported by a descending trendline, critical for potential breakouts.
- Symmetrical triangle pattern on XRP suggests imminent price consolidation with potential for a significant bullish breakout towards $2.
XRP appears to have found a bottom and may be poised for a significant rebound. Analyst Captain Faibik notes that the midterm target for XRP stands at $2, indicating a potential for substantial gains in the coming months. The key support and resistance levels provide crucial insights into this anticipated price movement.
$XRP Seems like bottomed out & almost Ready to Bounce Back
— Captain Faibik (@CryptoFaibik) June 27, 2024
Midterm Target : $2#Crypto #XRP #XRPUSDT pic.twitter.com/zMLICiKbV4
The horizontal support for XRP lies between $0.30 and $0.32. Historically, this range has served as a strong support multiple times, forming a critical foundation for the price. Additionally, an ascending trendline support, which has connected higher lows from late 2019 to the current period, converges w…
The post XRP Price Outlook: Analyst Sees $2 Target After Breakout appeared first on Coin Edition.
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XRP Price Outlook: Analyst Sees $2 Target After Breakout
- XRP’s $0.30-$0.32 support zone, bolstered by trendlines, indicates strong resilience against downward pressure.
- Resistance at $0.65-$0.70 forms a crucial barrier, supported by a descending trendline, critical for potential breakouts.
- Symmetrical triangle pattern on XRP suggests imminent price consolidation with potential for a significant bullish breakout towards $2.
XRP appears to have found a bottom and may be poised for a significant rebound. Analyst Captain Faibik notes that the midterm target for XRP stands at $2, indicating a potential for substantial gains in the coming months. The key support and resistance levels provide crucial insights into this anticipated price movement.
$XRP Seems like bottomed out & almost Ready to Bounce Back
— Captain Faibik (@CryptoFaibik) June 27, 2024
Midterm Target : $2
The horizontal support for XRP lies between $0.30 and $0.32. Historically, this range has served as a strong support multiple times, forming a critical foundation for the price. Additionally, an ascending trendline support, which has connected higher lows from late 2019 to the current period, converges w…
The post XRP Price Outlook: Analyst Sees $2 Target After Breakout appeared first on Coin Edition.
Read More