Recent analysis of XRP’s V-shape pattern shows increased bullish activity following a recent price drop. Key support levels and analyst opinions indicate interesting prospects for further movements.
XRP's V-Shape Rebound
The market recently saw a sharp drop of XRP to $2.97, followed by a V-shaped rebound that lifted the price above $3.20 within hours. Analyst Joa believes this rebound is a sign of bullish sentiment that may lead to further increases if XRP holds above the support level of $3.17. At the time of writing, XRP was trading at $3.16, representing a 2.4% increase in the last 24 hours.
Analysts' Opinions on $10-$15 Growth
Technical analyst XRPunkie claims that the recent 16% price pullback was normal following a 92% rise over the month, describing the situation as healthy. He predicts that the price range of $10 to $15 remains plausible in the medium to long term, given positive technical signals and renewed market interest.
Conclusion and Forecasts
The upcoming price movements of XRP in the coming days will determine whether a breakout above $3.30 occurs or if consolidation takes place. Attention to the $3.17 level remains critically important for traders and investors alike, while the $10-$15 range continues to be realistic in the long run.
As bullish sentiment builds, key support levels and analyst opinions will dictate XRP’s further dynamics. Investors and traders remain on alert for potential price fluctuations.
