XRP Price Nears Closing Fourth 3-Minute Candle Above Key Level
Crypto analyst Bobby anticipates a bullish movement for XRP as it nears closing its fourth 3-minute candle above a significant region. This suggests a potential rally, with projections reaching up to $13, indicating a possible gain of over 400% from the current price level.
- Despite a market downtrend impacting XRP's support levels, Bobby remains optimistic, suggesting a "golden pocket" retest between $2.50 and $2.55 will not alter the altcoin's trajectory.
- The analysis indicates patience and strategy are crucial as XRP targets new highs.
Another analyst, Egrag Crypto, predicts XRP could reach $33 in this market cycle. Historical trends suggest significant rallies post-touching the 21 EMA, as seen in 2017 and 2021.
- XRP's potential average rally is estimated at 905%, potentially placing its price at $27.
- The current XRP price is approximately $2.85, marking a 2% increase in the last 24 hours.
