🚀 XRP’s Price Surges Near Legendary Fibonacci Level
XRP has gained around 90% in the last week, signaling a bullish trend. As it approaches the 4.236 Fibonacci level, analysts suggest a rally to $9 could be on the horizon, marking a significant milestone for the cryptocurrency.
📊 Key Fibonacci Insight for XRP
Crypto analyst Lane McMurtrey highlighted that the 4.236 Fibonacci level often signals the peak of bullish moves. Historically, this level is linked to major profit-taking and heightened volatility, potentially signaling a market reversal. McMurtrey predicts XRP’s top at $9.4, advising traders to plan exit strategies.
💎 XRP’s Stellar Year-to-Date Performance
With over 300% gains in 2024, XRP recently flipped USDT to become the third-largest crypto by market cap. McMurtrey’s analysis indicates more upside potential, with XRP’s rally showing no signs of slowing down as it eyes the $9 mark.
🌟 Analysts See Even Higher Potential
Dark Defender predicts XRP could hit $18 next year, while Behdrak foresees a surge to $28 using Elliot Wave theory. Both agree that XRP has significant room for growth, with strong support levels like $2.13 expected to fuel the next leg up.
📈 XRP’s Current Market Standing
Trading at $2.62, XRP is up over 2% in the last 24 hours. Analysts expect the crypto to consolidate between $2.92 and $2.13 before its next rally, possibly targeting $3.99 as a mid-term goal before reaching double digits.
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