CandleFocus The Ripple Run: Will XRP Price Surge to $2 or Fall to $0.75?
2024-11-18
Author: Content Editor
According to a chart analysis, Ripple's XRP token has broken out of a multi-year triangular correction pattern, signaling the end of its 11-year super cycle and paving the way for potential exponential growth in the coming weeks. The analysis suggests that the token could rally up to $2.50 to $3.80 based on the Elliott wave depicted in the chart. However, the chart also highlights critical support at $0.75, which must be held to maintain investor interest. A breakdown below this level could lead to a downfall for the token. The analysis suggests that XRP's fate will likely unfold in the coming months, and patient investors may see success. Despite positive news surrounding Ripple's developments and growing support for crypto, the industry is volatile, and new developments can make or break the project.
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