Mihai_Iacob

XRP to 10usd, what about 30 cents?

Short
Mihai_Iacob Mis à jour   
I frequently watch various XRP videos where individuals predict a price surge, ranging from $10 (the "less" optimistic view) to $100 or even $1000. These predictions often come with fantastical explanations about why such increases will occur.

However, the harsh reality contradicts these optimistic forecasts, as XRP hasn't shown significant movement during this bullish trend. Despite an initial rise of approximately 50%, this gain has been nearly entirely offset.

Analyzing the chart reveals a conspicuous presence of selling pressure, with each upward spike promptly followed by selling activity.
From a strictly technical standpoint, if XRP falls below $0.5, the path to $0.3 seems inevitable, carrying a high probability of a drop to that level.

The bearish scenario can be dismissed if XRP rises above $0.65, but even in such a situation, substantial growth seems unlikely. From my perspective, $1 is the most optimistic scenario for this coin, even under the best circumstances.

Commentaire:
XRP is flirting with support and a break down looks unavoidable.
In case of a break, 0.5 is the target


🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.