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XRP May Reach $5.85 Confirming Bullish Strength

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by Giorgi Kostiuk

5 hours ago


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.

Hi all! I hope you are well! XRP has finalized the correction on the four-hour time frame! Below is the daily time frame. Considering the correction structures, XRP is expected to move towards $2.42 first.Dark Defender

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.

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