CandleFocus Expert identities XRP key levels to watch as 'bullish breakout is confirmed'
2025-01-12
Author: Content Editor
According to a cryptocurrency trading expert, XRP has confirmed a price breakout and investors can expect further surges. XRP has broken above a descending trendline and is showing potential for a higher shift. The expert believes that market conditions and bullish momentum are in XRP's favor, with the first target being $2.70 and a potential retest of its last major high. Another analyst also projected that XRP is days away from another record-high breakout based on its technical strength. XRP's bullish outlook is supported by token whales accumulating the asset, anticipation of a resolution in Ripple's legal battle with the SEC, and the potential approval of a spot XRP exchange-traded fund. XRP is maintaining a strong position above key moving averages, signaling a robust uptrend. Investors should monitor how XRP interacts with the $2.50 level to gauge its continued momentum.
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