XRP Faces Short-Term Downturn But Poised for Major Breakout, Analyst Predicts
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XRP has faced recent volatility but is expected to experience a significant breakout opportunity soon. 

Short-term analysis suggests a brief downturn with the potential for a rebound to $0.55-$0.59. Long-term projections forecast XRP could reach between $5.59 and $11.25 by 2025.The cryptocurrency market experienced a sharp downturn earlier this month, with XRP, one of the leading altcoins, taking a major hit. This has led to widespread speculation about the coin’s future, with many investors and traders closely monitoring its price action. 

Despite the recent downturn, a recent analysis by Cheeky Crypto suggests that XRP’s long-term prospects remain promising, with significant gains anticipated in the coming years.

The latest analysis, based on the 1-hour Binance chart, shows XRP undergoing significant price fluctuations. A double top pattern observed at 10:00 and 12:00 UTC led to a sharp decline, forming a triangular wedge continuation pattern.

This pattern indicates potential further downside in the near term. However, the analyst expects this downturn to be brief, anticipating a liquidity grab before a major breakout opportunity.

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