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20 hour ago
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BULLISH 📈 : Analyst highlights potential XRP rally from current price range

An XRP analyst, known as XRP QUEEN, challenges the prevailing negative sentiment on XRP's price action. She believes traders are misinterpreting the current market situation due to a lack of understanding of higher timeframe structures.

  • Analysis indicates that XRP's price between $1.50 and $3 is an accumulation zone similar to past periods before significant rallies.
  • Historically, long consolidation phases of 200-1,000 days have led to substantial upward movements.

XRP

  • The $2.72 level is crucial, aligned with the 0.786 Fibonacci extension from 2018 lows. A breakout above this could lead to targets between $9-$15.
  • Current trading around $1.60 means a 69% rise is needed to challenge $2.72, keeping XRP in a consolidation phase.

XRP