XRP Price Correction Is Over, Targets Set By Top Crypto Analysts
The XRP price has risen by around 6% in the past three days, triggering renewed optimism among investors and analysts....
- The XRP price has risen by around 6% in the past three days, leading to renewed optimism among investors and analysts.
- Dark Defender and Egrag, two analysts, see the current trend as a turning point.
- Dark Defender highlights the end of a corrective structure and expects a move to $0.6649, with a potential price target of $0.87-$1.05 if weekly closes maintain above $0.6131.
- Egrag focuses on the gaussian channel and a symmetrical triangle pattern, indicating consolidating markets and a potential breakout. Egrag identifies support levels at $0.50, $0.54-$0.55, and $0.60, and resistance levels at $0.83-$0.85.
- Both analysts point to a convergence of technical indicators suggesting a bullish reversal for XRP.
The sentiment in the article is positive, with renewed optimism among investors and analysts due to the recent rise in XRP price. The analysts' analysis and predictions further contribute to the positive sentiment.