Experts believe that XRP is in a very strong uptrend and therefore the outlook for XRP is more bullish than a drop to $0.50
Market analysts are increasingly emphasizing, that #XRP is in a strong uptrend and could fall to $0.50 In a recent post on X, analyst
Dom gave a long-term outlook for XRP and shared historical charts showing significant growth over the past two market cycles. He expressed hope for continued growth, emphasizing that XRP wants higher.
Dom noted that XRP's current chart formation is clearly different from previous peaks.
In the 2017/2018 cycle, XRP reached record highs. 10 daily closes above $2 before reaching a new high.
In contrast, in the 2020/2021 cycle, there were no closes above $2 before the peak.
However, XRP has now recorded 13 closes above $2, indicating stronger fundamentals. As XRP consolidates around $2, the House urges holders to remain patient as the asset still has significant upside potential.
technical analyst Charting Guy supported Dom's view, noting that some market watchers are drawing bearish conclusions based on past patterns. However, he argues that anyone familiar with technical analysis will realize that the current XRP situation is much more bullish than the fear of a drop to $0.50 that some critics warn about.
critics who predict a drop to $0.50 often refer to XRP's historical tendency to hit lows after previous peaks.
After hitting $3.84 in January 2018, XRP fell to $1 in two weeks and traded below $1 in February. Similarly, it hit $1.96 in April 2021 and then fell to around $0.80 just four weeks later. This trend has made some market participants wary, calling for profit taking and exiting the XRP market. Despite these warnings, the expected crash to $0.50 has already occurred.
XRP has stabilized in the $2 range, although it has experienced a slight pullback after peaking at $2,865 two weeks ago.
XRP is currently rebounding and trading at USD 2.62. Analysts
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