🔥𝐗𝐑𝐏 𝐀𝐢𝐦𝐬 𝐟𝐨𝐫 $𝟑 𝐑𝐞𝐜𝐨𝐯𝐞𝐫𝐲 𝐀𝐟𝐭𝐞𝐫 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐨𝐩 – 𝐀𝐧𝐚𝐥𝐲𝐬𝐭𝐬 𝐖𝐞𝐢𝐠𝐡 𝐈𝐧 💥🚨🌟
$XRP recently experienced a sharp decline, plunging from over $3 to a yearly low of $1.76 before making a swift recovery above $2. This dramatic drop was part of a broader market downturn, which saw over $2.2 billion in liquidations—the worst since the FTX collapse. The downturn was largely attributed to escalating trade war concerns following former U.S. President Donald Trump's decision to impose high tariffs on Mexico, Canada, and China. However, leading market analysts now anticipate a potential comeback, with $3 emerging as a key price target.
Renowned analyst #EGRAG , who accurately predicted the recent correction, now projects a rebound to $3. According to his assessment, XRP found support along a crucial trendline, signaling a possible bullish reversal. However, he warns that if XRP’s next candle closes below $1.83, downside risks could persist. Meanwhile, analyst Dom pointed out that XRP’s sharp decline was primarily caused by liquidity issues—market makers pulling bids, overwhelming selling pressure, and a flood of $300 million in sell orders. The absence of immediate liquidity led to a steep decline until XRP hit buy orders, triggering a rapid 29% rebound as the order book stabilized.
On the technical front, analyst Anbessa suggests that $XRP has entered a consolidation phase, with mid-range support holding firm. He believes that breaking above $2.45 could initiate a bullish push toward the highly anticipated $3 level. At present, XRP is trading around $2.34, with volatility subsiding. If buying momentum resurfaces, reclaiming $2.45 could serve as a catalyst for another major price rally. Despite the recent setback, XRP's resilience hints at a promising recovery, making it a key asset to watch in the coming weeks.
#XRPETFIncoming? $XRP #Write2Earn #BitcoinReserveWave #Xrp🔥🔥