
XRP’s chart still allows for an upside breakout, but the token has to clear two nearby price levels first. An analyst sees a target zone between $2.14 and $2.99 if buyers regain control.
Where XRP stands now
XRP rallied strongly after its August low near $0.985 and bounced again from a low on September 14 to 15. Since September 23 it has been pulling back.
The analyst said both recent pullbacks were slow, choppy, three-step declines, while the rallies before them were fast and strong. He reads that contrast as a sign the larger trend still points up. The latest drop also made a fresh low on Friday, which he said completes a textbook correction pattern.
“We have a completion of a textbook pattern,” the analyst said, but added that there is no confirmed reversal yet.
The two levels XRP must break
Upside targets
If XRP clears $1.66, the next levels to watch are:
Support levels to watch
The analyst warned that XRP still has room to fall inside the $1.32 to $1.49 zone, and that a drop below it would force a rethink of the outlook.
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