CandleFocus XRP Current Setup is a Technical Time Bomb Awaiting Explosion, Expert
2024-09-21
Author: Content Editor
Crypto market strategist Mikybull believes that XRP is on the verge of a massive rally, comparing its current price action to the market behavior seen in 2017. He shared a long-term chart showing a classic pattern forming with XRP consolidating in a tight range, which has historically preceded significant bullish volatility. The compression of the Bollinger Bands also indicates that the asset is gearing up for a powerful price move. While a breakout could be either to the upside or downside, the consensus is that XRP is likely to explode upwards. Mikybull previously set his outlook for XRP at $4, while more ambitious analysts have projected up to $300. At present, XRP is worth $0.58, representing an 84.75% drop from its all-time high.
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