A cryptocurrency analyst suggests that XRP may rally towards the $8 level based on its current technical structure and the Elliott Wave structure. Breaking through the $3 resistance could lead to a target exceeding $5, with the final fifth wave aiming for levels above $8. Another analyst believes that XRP's recent drop may represent its last low before a rebound, with key downside support targets at $2.16, $1.87, and $1.53. XRP's price is currently trading at $2.50, down over 5% in the last 24 hours. Despite this, the token remains bullish in the long term.



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