CandleFocus

Top Analysts Say XRP To Breakout Soon After Recent Dip

Multiple crypto analysts are optimistic about XRP's price potential despite its recent pullback. The value of XRP has declined by over 11% in the last 24 hours, but analysts believe a bullish reversal could be on the horizon. One analyst highlighted that XRP is approaching the breaking point of a symmetrical triangle, indicating a potential breakout. Another analyst pointed out that XRP's 1-day chart is likely to close with a bullish dragonfly doji, suggesting upward momentum. XRP has quickly recovered from its recent drop and is currently trading around $1.37. Technical analysis suggests that XRP could reach a target range between $3.80 and $4.20 in the near future, with long-term targets of $8-$13 by 2025.

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