20% XRP Surge Hints at $2, Bitcoin (BTC) Does Something We Didn’t Want, Crucial Pepe (PEPE) Move Incoming, Here’s When
The post 20% XRP Surge Hints at $2, Bitcoin (BTC) Does Something We Didn’t Want, Crucial Pepe (PEPE) Move Incoming, Here’s When appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. The price of XRP has risen by 20% to $1.166, continuing its remarkable rally. Based on Elliott Wave Theory, the current move is consistent with the bullish pattern’s pivotal third wave, which is frequently thought of as the strongest and most significant stage of an upward trend. This spike puts XRP in a position to hit an important price point in the days ahead. After breaking above $1.00, to start the first wave, XRP went through a consolidation phase around $1.30 to form the second wave. With strong momentum and rising volume, XRP now seems to be in its third wave. In the past, this wave has a tendency to push prices higher than earlier movements, drawing in more buyers and boosting optimism. The next resistance level, $1.80, is one of the important levels to keep an eye on, while XRP’s momentum is still strong. If this level is broken, XRP may reach the $2.00 mark, a significant psychological barrier and all-time high. XRP/USDT Chart by TradingView If XRP continues on this path, $2-$20 might also be considered a long-term target. The Immediate resistance is at $1.80. Above this, a breakout validates the strength of the third wave. A significant psychological and historical barrier that might draw increased market activity is $2.00. $2.20: If the rally picks…
Filed under: News - @ November 30, 2024 2:26 am