In a recent Trading view analysis, market analyst Ariana Karwaya outlined three bearish targets for XP at a critical moment. Notably, XP has already dipped below the first bearish target of $2.23, with the bears reclaiming this level on Wednesday, February 26.
Despite this, Karwaya predicted that the bulls might make a brief comeback. She anticipates a short-term bullish recovery that could push XRP’s price above $2.5085, referencing historical data where similar recoveries occurred at this level.
However, Karwaya believes this rally will be short-lived. XP is expected to rise to the upper trend line of a descending channel, which has been guiding its price action since mid-January. If the recovery tests the upper trend line around $2.6, Karwaya forecasts another pullback.
