XRPUSD staged a bullish correction on the H1 chart but faces
resistance near $2.93. Traders are watching this level closely for clues on the
token’s next intraday move.
Crypto analyst warns that XRP could see significant gains or
steep losses, depending on key support levels. Sustained support may fuel a
rally, while a breakdown could trigger a sharp correction. Toncoin is also
flagged for potential upside.
XRP Faces Binary Outlook: Rally or Correction Ahead
In a new technical analysis, CoinsKid outlines a pivotal
scenario for XRP, currently trading near $2.90. The analyst’s primary
projection is bullish, with a minimum price target of $4.13, described as a
potential “fifth wave” in the current market cycle.
Read More: XRP
Is Falling, But This Crypto Analyst’s New Price Prediction Suggests 1,000%
Surge.
Short-term momentum depends on XRP holding above the Bull
Market Support Band around $2.66, while the broader bullish thesis hinges on
defending $1.91. A break below that level would likely trigger a “macro
correction.”
The report also notes that a surge above $4 could create a
“whopping bearish divergence” on weekly charts, potentially leading to a
pullback.
This article was written by Tareq Sikder at www.financemagnates.com.
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