CandleFocus Bitcoin Maxi Admits XRP Breakout Looming, Targets $3.05
2024-12-11
Author: Content Editor
Christopher Jaszcynski, a prominent Bitcoin advocate, believes that XRP is poised for a breakout and could reach a new seven-year high. He analyzes the charts and notes that XRP has faced strong resistance since reaching its previous high on December 3rd. However, if XRP can break through the current roadblock at $2.62, it could target $3.05, representing a 44% increase from current levels. There are additional resistance levels at $2.72 and $2.84 that could pose challenges for the bulls. Despite the current downturn, other analysts also see positive signs for XRP, such as a breakout from a "W" pattern on the monthly chart. At the time of writing, XRP is trading at $2.12 and some analysts believe that the next XRP rally could happen unexpectedly.
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