CandleFocus Top Experts Say We May Not See XRP Below $2 Again, Admit XRP Chart Looking Good
2024-12-04
Author: Content Editor
Market analysts have differing opinions on the future of XRP, with some suggesting that the cryptocurrency may never dip below $2 again. XRP has been a top gainer in the recent bull market, closing November with a 283% gain. Analysts like EGRAG believe that the bulls will defend against substantial pullbacks and argue that XRP may record its highest yearly candle close this year. If XRP sustains its current bullish momentum, $2 could become a new support level. Veteran analyst Raoul Pal, who was previously critical of XRP, now acknowledges that the XRP chart looks good and shows a wedge pattern similar to previous price surges. XRP recently broke out of the current wedge pattern with a 283% spike in November, and history suggests a more substantial increase could be possible. Pal has apologized to the XRP community for his earlier advice against sticking to XRP in this bull run. Currently, XRP trades at $2.58, up 2.74% today.
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