Experts believe that XRP will now reach2 is certain, and a price between 8 and 2.20 is considered inevitable.
XRP recently made a huge gain in the #cryptocurrency market, successfully breaking the $3 #threshold for the first time in 1 year.
it peaked at 1.93 at 11.30pm, then had a slight pullback and is now consolidating around 1.46.
Despite this slight pullback, experts are optimistic about XRP's future, with many believing that a 2-2 rise is inevitable and some predicting long-term targets in the 8-2-20 year range. Angel investor and cryptocurrency #miner Armando Pantoja gave a positive outlook on #XRP , noting that its impressive 11-month performance has seen it rise more than 200%, from less than 0.50 to more than 1.60.
Pantoja pointed to strong technical indicators indicating that further gains are just around the corner, highlighting remarkable whale activity and changing market sentiment as the main drivers of the rally. Despite these gains, Pantoja noted that XRP's moving average divergence (MACD) indicator is stable and not showing signs of overheating. The Relative Strength Index (RSI) is also below the overbought level, indicating that the uptrend could be sustained.
If XRP is able to break this barrier, it could face minimal resistance at level 2, which could be due to traders' fear of missing out on gains (FOMO).
long-term price targets between $8 and $220 are considered likely based on historical performance and market forecasts.
Another analyst, Dark Defender, has identified a significant short-term resistance level for XRP.
His analysis of the 4-hour chart of XRP shows that the Fib1.44 Fibonacci level serves as an important support that XRP has successfully held.
He argues that this stability will prepare the cryptocurrency for a further upward move to the next important resistance point of 1.63. Dark Defender is also working with a potential 1.88 and. This points to a potential resistance level of 1.96.
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