XRP Faces Short-Term Downturn But Poised for Major Breakout, Analyst Predicts
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Donât miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)
XRP has faced recent volatility but is expected to experience a significant breakout opportunity soon.Â
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 coinâs future, with many investors and traders closely monitoring its price action.Â
Despite the recent downturn, a recent analysis by Cheeky Crypto suggests that XRPâs 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.
#XRP #Ripple #SEC #RippleVsSec #LowestCPI2021 $XRP $BTC $SOL