CandleFocus Analyst Predicts Number of Days In XRP Breakout, Sets $7.5 Price Target
2024-10-16
Author: Content Editor
Summary:
Market analyst EGRAG has identified a key resistance level, known as the "Genuine Wake-Up Line," for XRP. If XRP manages to break above this level, it could mark the start of a significant price increase. EGRAG's analysis shows XRP consolidating within two overlapping triangle formations, indicating a potential breakout. The analyst predicts that the breakout could occur within the next 15 to 30 days. The first major target for a breakout is between $0.61 and $0.62, with a long-term price target of $7.50 if bullish momentum sustains. However, if XRP fails to break above the Genuine Wake-Up Line and falls below the "Atlas Line," it could signal a bearish turn.
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