XRP Must Complete Right Shoulder Before Takeoff—But How Low First? 🚀
XRP bulls are approaching a significant test, as CryptoInsightUK suggests in their latest analysis. The token is forming an inverse head-and-shoulders pattern, with the right shoulder needing to form around the high-$1.80s before a sustained rally. Currently trading near $2.24, XRP may see a 20% decline.
The analyst highlights that such a dip could be beneficial for triggering the next major upward movement. Despite short-term bearishness, long-term prospects remain positive, with potential targets above $3.50. Long-term investors are advised to utilize sub-$2 levels for accumulation.
CryptoInsightUK's bullish view extends beyond XRP, suggesting broader crypto appreciations, particularly in the face of global financial uncertainties supporting non-sovereign value stores.
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