XRP Price Prediction: Potential 55% Rally Amid ETF Speculation and Legal Developments
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Altcoin XRP experiences a 1.5% drop over the last day, currently trading at around $0.47.
This decline follows Bitcoin’s nearing a crucial support level, potentially impacting altcoins.
Despite this, XRP shows signs of potential resilience amid market turbulence.
Recent analysis points to a significant falling wedge pattern in XRP’s price chart, signaling a potential breakout. Over the last 396 days, XRP has consistently found support along this formation. Currently trading at the lower boundary of a 20-day range, XRP could rebound and test the $0.50 resistance level once more.
Technically, XRP is poised for a bullish breakout within this tight wedge, which could elevate its price to around $0.72 – a remarkable 55% increase.
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