🔥🔥🔥 #Xrp🔥🔥 Sets Sights on $6 Target After Impressive Weekend Rally: Thinking Crypto

XRP's Remarkable Weekend Rally and Price Predictions

- XRP saw an 18% surge over the weekend, rising from $0.4744 on Saturday to a monthly high of $0.5636, marking a 44.1% comeback from a recent low of $0.3911. It has since stabilized at $0.5324.

Factors Behind the Surge:

- The rally is attributed to the anniversary of Judge Torres’ July 2023 ruling that XRP is not a security, highlighted by commentator Edward.

Price Predictions:

- Market analyst "360 Trader" believes XRP is following a predictable cycle, with recapturing $0.57 being significant and marking a potential end to bearish sentiments. The analyst suggests that XRP has formed a double-bottom "bear trap," indicating possible upward trends.

Targets:

- 360 Trader proposes a bull season target of above $4 for XRP. Edward, using a Fibonacci model, identified a potential target of $6, though he emphasized this is not guaranteed and is based on chart analysis. He also mentioned the possibility of XRP reaching $10 but stressed caution.

Market Dynamics and Investment Strategy:

- Edward noted that liquidity may shift from meme coins to established players like XRP and Cardano, similar to previous cycles. He advised diversification, revealing his portfolio includes XRP, Solana, Avalanche, Hedera, Cardano, and AI-focused tokens like Fetch and Render. He emphasized that predictions are based on current trends and are not guaranteed.

Source - thecryptobasic.com

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