Ripple (XRP) has just broken through a key resistance level, according to crypto analyst Alex Clay. 🚀 The breakout signals a significant shift in market dynamics, potentially leading to substantial price gains.
Clay identified several key price targets for XRP, with the first level at $5,365, followed by $8,623, and finally reaching the double-digit threshold at $10. 📈 The analysis suggests that the current market structure is similar to previous bull cycles that have produced significant price moves.
The breakout above this monthly supply zone is a significant move, given that it has previously served as a significant resistance level. Clay believes that XRP could reach double-digit prices in this market cycle, with each level reached serving as a catalyst for further upside.
Despite the optimism, it is important to remember that the crypto market is highly volatile and can be affected by a variety of external factors. Do you believe XRP will reach its set targets? 💭