XRP’s Price Dip: Why One Analyst Is Calling This a ‘Generational Setup’ for a Breakout
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- XRP holds strong support above major candles, signaling a potential bullish reversal soon
- Elliott Wave and Fibonacci levels suggest $2.04–$1.72 as key supports to watch
- Traders monitor $2.37 resistance, as the RSI hints at oversold conditions
XRP’s latest price action has reignited discussions among top analysts. The coin trades near $2.30, down over 3% on the day and nearly 12% for the week. Despite this short-term decline, analysts argue the long-term structure remains intact, signaling a potential bullish turnaround.
Related: XRP Price Prediction: ETF Speculation Builds Ahead Of Ripple’s $2.5B Escrow Release
XRP’s ‘Generational Setup’: Why Analysts See Strength
EGRAG CRYPTO, a well-known market analyst, stated that XRP’s long-term structure continues to mirror earlier cycles. He noted that the token is building a solid support base above major body…
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