XRP turns bullish after breaking through $3.27, with a short-term target of $3.60.

This article is machine translated
Show original

As the cryptocurrency market continues its bullish trend, analysis suggests that XRP's potential for further increase has grown. With XRP breaking through the 3.27 dollar (approximately 4,544 won) resistance level, market attention is now focused on the next target of 3.60 dollars (approximately 50.04 million won).

Cryptocurrency analyst Ali Martinez recently shared on social media that XRP has completed an important bullish retest, which could be a signal of a strong rebound. Through a chart he released that day, he emphasized that XRP has ended its recent downtrend and successfully transitioned to an upward movement. Particularly, XRP's sudden surge after experiencing steady price adjustments in recent days is interpreted as the prelude to a new upward cycle.

The price indicator at the center of this analysis is the 3.27 dollar point that XRP has recently recovered. This level has repeatedly served as a resistance line since 2021, and breaking through this area is considered a technically important turning point. Current target levels are 3.37 dollars (approximately 46.84 million won), 3.51 dollars (approximately 48.80 million won), and ultimately 3.60 dollars.

The overall market investment sentiment is also working favorably for XRP. Supported by the general recovery of major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), the altcoin market is showing strong buying pressure, and this trend is leading to renewed XRP purchases by both individual and institutional investors.

However, some experts warn that a short-term adjustment cannot be ruled out before the upward trend fully materializes. They analyze that if XRP fails to maintain its current technical support line of 3.27 dollars, the upward scenario could be delayed. Nevertheless, based on past cases of strong rallies following repeated resistance line breakouts, optimistic views prevail that XRP can maintain explosive upward momentum in the short term.

XRP currently maintains its position as the third-largest cryptocurrency by market capitalization, and investors are watching the possibility of breaking through 3.60 dollars in the coming weeks. Considered one of the blockchain projects with the highest potential for real-world application based on distributed ledger transfer technology, XRP continues to be evaluated as a core asset among long-term investors.

Real-time news...Go to Token Post Telegram

<Copyright โ“’ TokenPost, unauthorized reproduction and redistribution prohibited>

#XRP Analysis Ripple Altcoin Upward Trend Cryptocurrency Market Strength

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments