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7 hour ago
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BEARISH 📉 : Analyst Warns XRP Investors Of Possible Price Crash To $1

XRP is trading between $1.38 and $1.46, showing stability after recent volatility. However, traders are divided on its future direction.

  • Some believe XRP could drop to $1 or even lower to $0.70-$0.50, marking this range as a potential accumulation zone.
  • Others expect a rebound with hopes of reaching $10, though analysts like Crypto Patel suggest this path may not be straightforward.

Technical Analysis

The monthly candlestick chart suggests a possible revisit to the $1 area before any sustained upward movement. A resistance band exists above current prices, while a support zone lies below $1.

XRP

Investment Strategy

  • Buying at local highs poses risks; the optimal buying range is suggested between $0.70 and $0.50 for long-term positions.
  • A weekly close above $1.50 could indicate a shift towards a bullish sentiment.

At present, XRP remains around $1.42. Observers are watching for any decisive movements that could influence market sentiment.