Analyst Predicts XRP Price Could Rebound To $4, But Bulls Must Hold This Line
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Crypto analyst Coinskid predicts XRP price could rise to $4 soon, representing new Highest history (ATH) For Altcoin. He also warned that the XRP Bulls must hold the line to avoid a potential drop to $1.64.
Analysts predict XRP price may rebound to $4
exist X PostsCoinskid predicts that if Altcoin takes out the locals in January 2025, when it upgrades to local ATH at around $3.4, the XRP price could rebound as much as $4. He added that XRP may exceed this $4 target Bulls run In the crypto market. Meanwhile, analysts warn that the XRP Bulls must hold the line to avoid major corrections.
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Coinskid said that not holding 20 weighted moving averages could trigger deeper corrections to altcoin, bringing Altcoin to its minimum target of $1.64. Analysts further discuss XRP’s current price action. He noted that altcoins missed the fifth wave from the bottom in July 2024.
Analysts further believe that XRP price has expanded flat in the fourth wave of irregular expansion ABC calibration Since December 2024. He revealed that XRP currently holds 20 weighted athletic averages, which is the strength of the Bulls. However, he warned that they must continue to maintain this line so as not to drop to $1.64.
Meanwhile, he mentioned that RSI and retail tops are key data points for the XRP price correction in December. As for what can increase this price rebound to $4, Coinskid hints Global money supplywhich suggests that liquidity will enter the market shortly after leaving in December.
Assets can also be seen for $5
Crypto Analyst The dark defender It is also predicted that the XRP price could be as high as $5.85, although it will face significant resistance at its current all-time high. The analyst also highlighted $2.30 and $2.22 as XRP support levels are targets at $5 on top.
Meanwhile, analysts also revealed that the main corrections for the weekly, daily and 4-hour structure prices have ended. He pointed out that there will be more falls. However, the Dark Defender recommends that XRP is good for Bullish reversal. He added that Altcoin has started using Wave 1 with the goal of gathering a $5 target.
Related readings: Crypto Expert Reponites $100 XRP Price Target You Should Know
At the time of writing, the XRP price is trading at about $2.28, up over the past 24 hours. data From CoinMarketCap.
Featured images from Adobe Stock, charts from TradingView.com
