Ripple According to popular crypto analysts, (XRP), is expected to reach $1.2 within the next few months. XRP is resilient despite recent volatility in the market. Bulls are defending key support levels, and preparing for a possible breakout.
EGRAG Crypto – a well-known Ripple expert – recently highlighted What is the significance of the $0.41 price level? The analyst tweeted. “Looking back at previous posts, we highlighted 0.41c as a crucial level, and it has proven to be significant.” This recent dip led to an outflow, which is interpreted by many as being bearish. “However, it could have been the best thing to happen for XRP.”
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Analysts predict Ripple to reach $1.2
EGRAG Crypto has determined that according to the next The next move in XRP may be to surge up towards $1.2-$1.5, then confirm a breakthrough above $2. This bullish forecast has excited XRP fans, since it could lead to gains as high as 15X, 27, or 55X.
Tweeting another tweet “XRP The White Flame (UPDATE): XRP is showing a wicked move, with the bulls defending fiercely on the Weekly Time Frame to close above $0.50,” The analyst’s positive outlook is further supported.
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Bulls of XRP are defending the $0.50 mark with vigor on the weekly chart. This is positive for cryptocurrency. This indicates that the recent lower high continues to ascend within the channel. It is a sign of a structurally strong formation which remains bullish.
Many are misinterpreting the recent drop in market value, which caused a flushing out of weak traders, as a signal that bears will soon take over. EGRAG argues that it could be a good thing for XRP as this is an opportunity to buy the tokens at a discounted price before the breakout.
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Source: watcher.guru