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Analyst Predicts Month for XRP Massive Gains, Says XRP Has the Most Bullish Monthly Char

Author: Content Editor
An analyst has identified XRP as having the most promising monthly chart patterns and predicts an imminent rally to new highs. XRP has sustained its bullish trend despite a market correction, currently trading at $3.12. The analyst highlights a significant breakout pattern, with XRP clearing major resistance zones and confirming a trend reversal. The next upside target is predicted to be $3.50, representing a 12.90% increase. Another analyst notes that XRP is in a phase of tightening volatility, suggesting a major price move is imminent. However, it is unclear whether the breakout will favor bulls or bears. XRP recently faced rejection at the $3.221 level, resulting in a price pullback. The analyst suggests that XRP's price action will likely remain sideways unless it breaks through this resistance level. If bearish momentum strengthens, XRP could decline towards $1.9622. However, support at the $3 region has prevented further downside, with large holders accumulating at this level. Overall, there is ongoing accumulation of XRP, indicating that bulls are committed to defending the key demand zone.

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