Now, Ripple is aiming for new levels of price. The most ambitious level. Now, the token targets new price points that are bullish, following these spots live, in particular in a scenario where there is a shorter-term outlook. The token has placed its bets on a new XRP analysis that predicts major gains in the short term. Do investors have the right mindset to reap the benefits of these short-term gains? Find out.
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Releasing new short-term price targets on XRP
Ripple VanWinkle, a renowned cryptocurrency analyst has stated that XRP broke free of its symmetrical triangle. The token had been stuck in this pattern since July 2017. XRP now has its own narrative and is sending out bullish signals to the entire market.
The XRP Weekly Chart also shows a powerful bullish momentum. The momentum indicates a move to $3.38. This can then be followed by a climb to $5, if Ripple is able to overcome the price resistance at $3.40.
“XRP could be on the verge of an epic move. A long-term technical breakout has some traders eyeing $11 as the next big target. Here’s what’s happening. 1/ For nearly a year, $XRP was trapped in a symmetrical triangle. Price squeezed tighter and tighter until July—when it finally broke past the upper resistance. That’s when the tone shifted from neutral to bullish. 2/ The weekly chart shows XRP hit $3.38 before easing to $3.22. This isn’t weakness—it looks like a bullish flag: a pause before the next surge. 3/ Key levels ahead: $3.40 → First resistance. $5.75 → Major Fibonacci target. $11.20 → 1.618 extension, the ultimate bullish goal.
The token is now eyeing three major price moves with a spike to $11 on cards for the token to bank on.
Major Drivers of This Change
Several factors have now been transforming XRP, including the buzzing ETF mix. The companies have long been exploring XRP ETF momentum, which, once approved, could revolutionize XRP adoption. Moreover, with the growing stablecoin market practices, Ripple’s RLUSD is now targeting a bigger audience, attracting heavyweights such as Vivopower’s stake into Ripple Labs.
Please Read This: Ripple XRP May Have More Room For Growth Than Bitcoin: Here’s Why
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Source: watcher.guru
