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‘Should XRP Holders be Worried,’ Analyst Predicts XRP Next Direction

Author: Content Editor
The Block Bull, a market analyst, predicts the next moves for XRP based on historical data from the 2020/2021 cycle. XRP is currently consolidating between $1.0061 and $1.19, and investors are uncertain about its next direction. The Block Bull uses fractals to forecast XRP's trajectory, noting that while history doesn't repeat exactly, it often rhymes. He predicts that XRP could reach $1.18 to $1.20 in the coming days, with a potential target of $1.96 by November 24. However, he warns that after reaching $1.96, there may be a sharp drop to $0.50 before a major breakout occurs. The analyst believes that XRP's current market cycle is a hybrid of the 2017/2018 and 2020/2021 cycles, indicating a long-term bullish move after consolidation and corrections. He urges investors to monitor XRP's short-term movements and prepare for potential corrections, but sees a buying opportunity at $0.50 before a bullish run that could surpass the 2021 peak of $1.96.

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