XRP To Trade at $10 in the Coming Months, Leb Crypto Predicts
The post XRP To Trade at $10 in the Coming Months, Leb Crypto Predicts appeared on BitcoinEthereumNews.com.
Leb Crypto sees bullish potential for XRP after a major breakout. The trader expects significant shakeouts before a sustained price rally. He advises strategic, scaled entries for swing and positional traders. Leb Crypto, a notable cryptocurrency trader, predicts a bullish outlook for XRP following a major breakout from a multi-year consolidation range. In his recent analysis shared on X, he highlighted the potential for a surge in XRP prices over the next five to six months. However, he cautioned that the path to higher prices will likely include substantial volatility and market shakeouts. The analysis is based on XRP’s monthly price chart. The chart indicates that XRP is expected to break out from its prolonged consolidation phase, with resistance around $1.96 and support near $0.17. With this anticipated breakout, Leb Crypto believes that XRP is positioned for a major move, projected to reach $10. Despite his bullish outlook, Leb Crypto warns of “huge shakeouts” along the way — sharp price declines that often force less committed traders out of the market. As of this press, XRP is currently trading at $0.5717, a 3.2% price drop in the last 24 hours. This current price is a significant drop from $0.609 when Leb Crypto made the analysis, corroborating with the expected shakeouts. Identifying himself as a swing and positional trader, Leb Crypto advises scaling into positions gradually rather than going all-in. This strategy allows traders to manage risk more effectively, especially in a market environment that could see sharp corrections before a sustained upward move. Leb Crypto plans to hold his spot investment for the next five to six months, expecting that XRP’s breakout could lead to significant gains. He sees this as a “big opportunity” for traders who are willing to weather the expected volatility. Disclaimer: The information presented in this article…
Filed under: News - @ August 28, 2024 8:25 am