I hope it goes down to less than 0.9 so I can buy a lot
Crypto FM
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šØ XRP at a Crossroads: 55% Drop Looms or Mega Rally Ahead? Key Levels to Watch
$XRP is once again stirring debate among traders as conflicting technical patterns emergeāwill it crash to $1.07 or surge past $2.50?*Letās break down the latest analysis from top traders and what it means for your portfolio.
š Bearish Alert: Peter Brandt Warns of a Potential 55% Drop Legendary trader Peter Brandt has spotted a "textbook head-and-shoulders" pattern on XRPās chartāa classic bearish reversal signal. If confirmed, Brandt warns XRP could plummet to $1.07, a 55% decline from current levels.
š“ Key Trigger: A break below $1.90 could accelerate the sell-off. š¢ Invalidation Point: A surge above $3.00 would negate the bearish outlook. "Below $1.90, I would not want to own it. H&S projects to $1.07. Donāt shoot the messenger." ā Brandt
š Bullish Counterargument: Javon Marks Predicts a 570% Repeat Rally Not everyone agrees with Brandtās grim forecast. Crypto analyst Javon Marks highlights a falling wedge breakoutāa bullish pattern that previously led to a +570% XRP rally.
"The last breakout resulted in a ~570% surge. Prices could be ready for another major move."ā Marks
āļø Key Levels: $1.90 (Support) vs. $2.50 (Resistance) XRPās short-term fate hinges on two critical price zones:
šµ $1.90 Support ā Held strong since November 2024; a breakdown could trigger Brandtās bearish scenario. š $2.50 Resistance ā Breaking this could confirm Marksā bullish thesis and open the door to $3+.
"Watch $1.90 and $2.50 closelyāthe next two weeks will decide XRPās trend." ā Order flow analyst Dom š” Whatās Next for $XRP ? - If Bearish: A close below $1.90 could lead to a slide toward $1.07. - If Bullish: Holding $1.90 and breaking $2.50 may signal a new uptrend.
Pro Tip: Use Binanceās price alerts to monitor these levels in real-time!
š¤ Final Thoughts: Whoās Right? $XRP is at a pivotal momentātraders must stay alert. Will Brandtās bearish pattern play out, or is Marksā bullish breakout the real deal?
Whatās your take? Drop your predictions below! š #XRP #Crypto #Trading
(Disclaimer: Not financial advice. Always DYOR!)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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