CandleFocus XRP Genuine Wake-Up Line To Push XRP To $7.5: Top Analyst
2024-10-02
Author: Content Editor
Market analyst EGRAG Crypto is presenting a bullish outlook for XRP, suggesting that if the cryptocurrency can breach the Genuine Wake-Up Line (GWUL), it could push its price beyond $1.50 in the short-term. The GWUL has been a strong resistance line for XRP since April 2021, but EGRAG believes that the coin is on the verge of breaking through. If XRP can break the GWUL and sustain its position above it for three days, it could lead to a rally towards $1.50, with mid-term targets ranging from $5.50 to $7.50. However, the cryptocurrency must remain above the $0.62 support level to maintain its bullish stance. At the time of reporting, XRP has dropped below this support, currently trading at $0.60002.
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