Still Sleeping On XRP? Analyst Says $8 Breakout Is ‘Just Waiting’ 💹
Crypto analyst Cantonese Cat, in a recent livestream, suggested a potential breakout for XRP, anticipating a move towards $6 to $8. Despite its prolonged sideways trading, he argues that XRP is building energy for a substantial upward move. Citing a monthly Gann arc and Fibonacci levels, he predicts this breakout could prove parabolic.
He highlighted XRP's ability to hold key support levels, particularly above the monthly Gann arc resistance and Ichimoku Cloud indicators. According to him, XRP's current consolidation signifies strength, not weakness, setting the stage for a sharp, sudden price escalation once it surpasses resistance at $0.86.
Despite XRP's quieter performance compared to Bitcoin and Solana, Cantanese Cat emphasized that the lack of momentum is a prelude to high-volatility expansion. He believes that maintaining strength above the 0.86 Fibonacci zone will lead to euphoria, with prices reaching $6-$8, significantly above past all-time highs.
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