CandleFocus Top Analyst Says XRP is FAVOLOSO, Identifies Trigger for XRP to $27
2024-12-27
Author: Content Editor
Market expert EGRAG Crypto believes that XRP has the potential to reach $27 in the future. Despite the current consolidation in the market, EGRAG is confident that XRP will rally. The chart shows that XRP broke above an important resistance level in November 2024, similar to the bullish momentum it experienced in 2017. However, the 21 EMA is still below the resistance level, and EGRAG suggests that for XRP to reach $27, the EMA needs to rise above the resistance level. Past patterns indicate that XRP has the potential for major price surges. EGRAG has consistently maintained the $27 target for XRP and believes that it could replicate its 2017 rally. In the short term, XRP is in consolidation but could aim for higher targets if it holds support at $2.252. However, failure to hold support could result in further downside towards the $1.96 support level. The Stochastic RSI indicates a short-term bearish outlook, with potential testing of support levels before any upward movement resumes.
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