CandleFocus Top Analyst Says No Surprise if XRP Hits $4 as it Pumps to 5-Week High
2024-11-08
Author: Content Editor
XRP has experienced a significant increase in price, reaching its highest level in five weeks. A crypto trader suggests that XRP could potentially reach an all-time high, with key resistance levels at $0.94, $1.50, and $2.50. The trader also identifies a strong support level at $0.3798 and a potential price discovery level at $4. To surpass the $0.94 level, XRP would need a 71% increase in value, and to reach $4, it would require a 627% surge. The anticipation of Donald Trump dismissing SEC Chairman Gary Gensler is fueling a bullish perspective for XRP. However, some argue that the narrative may be weak based on the lackluster response of XRP to Trump's victory.
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