A prominent cryptocurrency analyst has predicted a significant rally for XRP if it can break through a key resistance level. The analyst believes that XRP is currently consolidating on the monthly timeframe and a breakout could propel it to a market price of $13. They note that XRP has formed a bullish pattern and see the 1.414 level on the Fibonacci Circle as a crucial resistance that needs to be overcome. The analyst expects XRP's price to reach a range of $8.5 to $13 in the short term, followed by a consolidation phase and another rally that could push the price towards $30. However, the analyst emphasizes that certain conditions must be met for this bullish outlook to remain valid, such as the 21 EMA support holding and XRP not closing below $1.64. At the time of writing, XRP is trading at $2.49, showing a 14.86% increase from a recent pullback. It should be noted that the information provided is for informational and educational purposes only and does not constitute financial advice.



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