After months of hesitation below the symbolic $1 mark, could XRP be aiming for a striking comeback towards $3? Legal decisions, technical trends, and market movements are closely watched by investors. Is it just a temporary bounce or a real surge on the horizon for Ripple? Full analysis.
XRP continues to move sideways, without a clear trend in recent weeks. Despite significant support around $2, the market dynamics remain weak, giving the impression of a wait-and-see phase.
Analysts are closely watching the technical levels of XRP. Some speculate that a bottom may have formed on April 7, but there is not yet enough evidence to confirm it. The recent rise remains ambiguous and could simply be part of a temporary correction within a broader downtrend.
The support zone between $1.74 and $2.30 is closely monitored by traders. As long as the price remains above $1.74, the potential for a bullish reversal persists. However, investors are awaiting a strong move above $2.25 to confirm the start of a new positive trend. This breakthrough would signal the beginning of an upward wave (wave C) that could lead to new highs.
Despite the current uncertainty, the long-term forecast for XRP maintains a bullish bias, with price targets ranging between $5.00 and $6.60. However, these target levels will only be considered once a clear bottom is confirmed, and the market shows strong recovery momentum.
Meanwhile, the XRP market remains in an uncertain phase. Although a bottom may have been reached, the risk of a new decline towards $2.30 cannot be ruled out. Traders will need to remain vigilant and carefully monitor key technical levels to anticipate the next significant price moves.
While the path to a return above $3 remains uncertain in the short term, the long-term outlook for XRP remains positive. Investors will need to exercise patience and thorough technical analysis to seize opportunities in this volatile yet promising cryptocurrency.
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Lastly, it is always important to remember that investing what you can afford to lose is advisable. Every investment carries serious risks.
Passionate about the crypto world, he explores the blockchain ecosystem to extract the most essential insights. With his expertise in SEO and web writing, he transforms news and technical analysis into clear, engaging, and impactful content. His goal? To help investors better understand the opportunities and challenges of the crypto market.
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