Look quickly!!! Will the price of XRP skyrocket to $4 or plummet to $1? A critical moment is coming!
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A top analyst recently stated that the future of XRP's price will depend on whether it can break through key resistance levels or hold key support levels. If it successfully breaks through, XRP is expected to soar to $4, but if it falls below the support level, the price may retreat to $1.
XRP price trend: Major rebound or sharp correction?
The recent decline of over 5% in XRP has drawn widespread attention from the market, and this drop is the result of a general fluctuation in the cryptocurrency market. Despite the sluggish market sentiment, many investors choose to take profits after a rebound, but experts remain optimistic about XRP's long-term potential.
EGRAG crypto analyst pointed out that XRP's key resistance levels are between $2.60, $2.65, and $2.75. Once these positions are broken, the price may quickly rise to $3.775. However, if it cannot maintain above $2, XRP may face downward pressure, potentially dropping to as low as $1.22.
Positive outlook for a major rebound in 2025
Despite the volatility in the short term, analysts remain optimistic about XRP's long-term trend and expect XRP to potentially break the $6 mark in 2025, further igniting market optimism.
Overall, XRP's future direction will depend on the breakthrough of key technical levels, and the market is at a decisive moment, investors need to closely monitor this change.
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