Analysts believe XRP's recent correction has ended, opening the potential for the cryptocurrency to rise. This article examines support levels and possible scenarios.
XRP's Current Situation
XRP has completed its correction and may enter a new phase of uptrend. Support at $2.22 and $2.04 could play a vital role in preventing further price decline.
Analysts' Opinions
Analyst Dark Defender suggests XRP could soon reach $2.42. The main target, according to the expert, is hitting levels of $4.2932 and $5.8563. This assessment is based on XRP's ability to stay above the Ichimoku cloud, a crucial indicator for trend confirmation.
Key Levels and Forecasts
For the trend to confirm strength and target $4.20, XRP needs to close above $2.83. EGRAG CRYPTO also highlights the importance of the 'Blue Channel' for further XRP price growth.
Experts conclude that the completed XRP correction paves the way for potential growth beyond $5.85. Supports at critical levels will aid in averting declines, building a favorable foundation for future price increases.
