The analyst expects the price of XRP to rise to 4 dollars, but the bulls must keep this line
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Crypto Analyst Coinskid expected that the price of XRP could soon decrease to $ 4, which is new Absolute (ATH) For altcoin. He also warned that XRP bulls should carry the line to avoid a possible decrease to $ 1.64.
The analyst expects the price of XRP to rise to $ 4
in X postCoinskid expected that the price of XRP could recover to 4 dollars if Altcoin takes out the highest level in January 2025, when he gathered to the current ATH of about $ 3.4. He added that XRP may exceed this goal Running bull In the encryption market. Meanwhile, the analyst warned that XRP bulls should carry the line to avoid a great correction.
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Coinskid said that failure to keep the 20 moving average can provoke a deeper correction of Altcoin, sending altcoin to a minimum of $ 1.64. The analyst went further to discuss the current price of XRP. He pointed out that Altcoin misses the fifth wave of July 2024.
The analyst also saw that the price of XRP was in an expanded apartment of the 4 -irregular wave ABC Correction Since December 2024. It has been revealed that XRP currently keeps the weighted moving average 20, a sign of the power of the bulls. However, he warned that they should continue to keep the line to avoid a decrease of $ 1.64.
Meanwhile, the RSI and the retail summit were the main data points that indicated the correction of the XRP price in December. Regarding what this price recovery can raise to 4 dollars, Coinskid alluded to Global money offerThis indicates that liquidity enters the market shortly after its departure in December.
5 dollars is also on the horizon for the original
Encryption Dark defender It also predicted that the price of XRP can exceed up to $ 5.85, although it will face significant resistance at $ 3.39, around its highest level ever. The analyst also highlighted $ 2.30 and $ 2.22 as support levels that XRP needs to keep above because it is preparing to this goal 5 dollars.
Meanwhile, the analyst also revealed that the basic correction of the price on the weekly and daily structure and 4 hours has ended. He indicated that there will be more rise and landing. However, Dark Defender suggested that XRP was well ready for Reflection ascending. He added that Altcoin started the wave 1 with the aim of gathering to this goal of $ 5.
Related Reading: Crypto Pundit Reignes $ 100 XRP target price, what you should know
At the time of writing this report, the price of XRP is trading about $ 2.28, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Adobe Stock, Chart from TradingView.com
