$XRP 🚨 XRP News: Bullish Breakout or Imminent Drop? Analysts Predict Key Movements 🚨
📈 XRP has been consolidating for 200 days in a range of $1.90–$2.90, forming a symmetrical triangle on long-term charts. Experts are debating whether the next move will be a massive push or a correction.
🔥 Bullish Scenario: Targets between $3.70 and $10
- Some analysts, like Mikybull Crypto, compare the current structure to the 2017 rally, which took XRP from $0.30 to over $3.00 in months.
- A symmetrical triangle usually resolves with a bullish breakout in positive markets, which could lead XRP to $3.70–$4.00 in the short term.
- In the long term, GalaxyBTC suggests that XRP could repeat its pattern from 2014–2017, with a potential target of $8–$10 (or even more!).
⚠️ Bearish Risk: Possible Drop to $1.33
- If XRP fails to maintain support at $2.20–$2.30, an "inverted cup and handle" pattern could form, leading the price to $1.33.
- A breakout with volume below $1.90 would invalidate the bullish scenario and confirm a bearish trend.
📊 What’s Next for XRP?
- Current price: $2.14 (in neutral zone).
- Key levels:
- Resistance: $2.90 (breakout = bullish momentum).
- Support: $1.90 (break = potential drop).
- External factors such as possible XRP ETFs could influence the movement.
🔍 Conclusion: XRP is at a turning point. The next few days could define whether we will see a new historic rally or a deeper correction.
💬 What do you think? Break to $10 or drop to $1.33? Leave your prediction in the comments! 👇
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(Source: Technical analysis by Mikybull Crypto, XRPunkie, and GalaxyBTC via Cointelegraph)
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