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Top Analyst Says Buy XRP Now Before it reaches $40

Author: Content Editor
Analyst Steph has urged investors to invest in XRP tokens ahead of a possible price surge to $40. Steph's analysis reveals bullish patterns in both short-term and monthly timeframes, indicating a potential rally in the coming months. He highlighted an inverted Head and Shoulders pattern on XRP's daily chart, stating that a daily close above the neckline at $0.65 would confirm the breakout. If confirmed, Steph believes XRP's next target could be $1.11, representing a 106.31% increase. On the monthly chart, Steph sees XRP consolidating within a larger symmetrical triangle, with a potential breakout pushing the price up to $40, an extraordinary 7,334% growth. While recognizing the ambitious target, Steph remains confident about a major rally if the breakout is confirmed. Other analysts, like Heikin Ashi, have even more audacious predictions, suggesting XRP could surge 71,061% to $305 based on monthly candlestick patterns. However, many analysts contest such extreme growth possibilities. Steph also emphasizes the role of market sentiment and predicts a broader crypto rally, similar to 2020, driven by the upcoming Federal Reserve meeting and potential interest rate cut.

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