XRP Downtrend Is Only Temporary: Analyst Gives Reasons Why Price Is Headed For $3.2 📈
XRP's price fell after surging to $2.9, sparking debate on whether the rally is over. However, analyst MadWhale predicts a rise to $3.2, citing XRP's trading volume and past underperformance compared to other cryptocurrencies.
Despite recent corrections, further upward movement is expected. Another analyst, Dark Defender, forecasts XRP will reach $3.9993, marking a new all-time high, surpassing its previous peak of $3.8. Market indicators suggest potential for significant gains.
Analyst Egrag Crypto suggests that a rise from $2.19 could lead to higher highs, pushing XRP further in its bullish momentum. Key levels for XRP include support at $2.13 and $2.27, with targets at $2.92 and $3.99.
XRP currently trades at around $2.30, experiencing a 12% decline in the past 24 hours. Despite the downturn, optimistic projections remain strong with analysts expecting a continued upward trend once support levels are reclaimed.
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