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XRP Defends $1.80 Support, Analyst Predicts Potential Major Expansion
XRP is currently experiencing a critical phase, attempting to maintain its bullish momentum. Here are the key points:
- XRP recently bounced 4.6% intraday after retesting the $1.90 area but struggled to hold the upper range of $1.85-$2.00.
- Analyst ChartNerd highlights a reversal pattern, indicating a potential major price expansion. XRP is at an "inflection point," retesting a macro support zone.
- The altcoin has been following a running flat ABC correction pattern, suggesting bullish strength if the 'C' wave holds above previous lows.
- The $1.80 level is crucial as it serves as a macro accumulation zone and has been defended for over a year.
- Breaking descending resistance could lead to further expansion toward new highs.
- A three-month falling wedge pattern was broken out during January's rally; XRP is now retesting this breakout as support.
- If XRP maintains support at $1.80, it could target $2.70 and potentially challenge higher pre-Q4 levels.

Investors should monitor these technical levels to assess future price movements of XRP: [XRP](https://holder.io/coins/xrp/).