CandleFocus Top Analyst Identifies Two Favorable XRP Entry Points to Benefit from Incoming $11 Rally
2025-01-10
Author: Content Editor
XRP is experiencing a recovery after a period of bearish movement, with an analyst predicting a potential rally of $11. The current price of XRP is around $2.31, reflecting a rebound from its weekly low of $2.2129. The recovery is a result of Bitcoin reclaiming $95K and spilling momentum over to altcoins like XRP. The analyst suggests that there is a favorable entry point for XRP at $2.05 and another opportunity at the $2.50 level. Regardless of the entry point, the analyst believes that XRP has the potential to reach a price above $10. However, the journey towards $10 is expected to have ups and downs, with key resistance levels at $3, $4.70, $6, and $11.80. There is also a downside risk, with a potential breakdown to $1.50.
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