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17 hour ago
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BULLISH 📈 : XRP Hits Golden Pocket, Analyst Predicts Rally To $2.5

XRP is showing signs of a potential upward trend after hitting a Golden Pocket, which analysts believe could lead to a price rally towards $2.50. However, there remains a possibility of a price drop if market conditions do not align as expected.

  • Analyst CasiTrades noted XRP has reached a Golden Pocket, aligning with the 0.618 Fibonacci level near $1.93 and the 1.618 Extension for Wave 3.
  • The first resistance level to monitor is the 0.382 Fibonacci Retracement at $1.78, coinciding with a previous support breakdown.
  • Wave 4 may push XRP higher to around $1.93, with potential further movement to $2.03, serving as a crucial point for sustained growth.
  • Maintaining the $2.03 level as support is essential to avoid a corrective wave down to $1.55 or lower.

If the support fails, the downside risk includes a potential decline from $1.60 to $1.47, representing an 8% decrease.

XRP