CandleFocus XRP Holders Poised for Wealth, Analyst Sees Flag Pattern Targeting $5
2024-12-21
Author: Content Editor
XRP's recent price dip caused concern in the market, but an analyst named Steph believes there is potential for the cryptocurrency to soar beyond its all-time high. Steph points to the tightening Bollinger Bands on XRP's charts as an indication of an imminent price movement, similar to the rally seen in November. Steph also notes XRP's breakout from a bullish flag pattern on its daily chart and the shift in Bitcoin dominance, which could create a favorable environment for altcoins like XRP. Steph sets a mid-term target for XRP between $4 and $5 but advises investors to lock in profits during its ascent.
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