XRP Price Prediction: Analysts Say History Is Coming Again
There is a cryptocurrency analyst who looked at the 4-hour XRP price chart and found that the current XRP price trend is a bit like the past, as if history is repeating itself. He thinks that if XRP can go through the previous upward path again, the price will have to go up again.
This analyst, Richard on TradingView, is called "Signal Analyst" by everyone. He said that the historical trend shown on the XRP price chart is coming again. He also sent a detailed analysis report, talking about the future target price and analyzing the key points of the current price.
Richard said that the 4-hour chart of XRP is quite interesting, with lower and lower lows, but the upward momentum is quite strong. The two red arrows marked with "LL" on the chart are when the XRP price was the lowest in mid-November, which may be due to adjustments or changes in trends. After the drop, the price fluctuated back and forth in a green area for a while.
After falling to the low point, XRP began to adjust and stabilized in that green area. Later, XRP broke through the green resistance, and the price went up to $1.5.
Although the price of XRP has fallen back a bit now, about $1.4 earlier this week, Richard said that XRP seems to be going back to its old path. The price is now hovering in a new area, a little lower than $1.53, which may be the beginning of the next wave of rise.
If XRP goes through this path again and breaks through the $1.53 level, then analysts think that the upward impulse of XRP is coming, and the price may rise to $2.
Another analyst, former Twitter cryptocurrency analyst Steph, also thinks that XRP’s current price of $1.4 is worth it. At the beginning of the month, XRP rose to $1.5 and then fell back. Steph said that it is a good opportunity to buy XRP at $1.4 because it will rise soon. His prediction is quite accurate. Now the price of XRP is $1.6, which has risen by 8.7% in 24 hours.
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