Analyst Says Everyone Is Wrong about XRP’s Price. Here’s Why
Main Idea
Crypto analyst STEPH IS CRYPTO argues that XRP is nearing a critical breakout, with a potential surge if it surpasses the $3.28 threshold, supported by chart patterns and institutional tailwinds.
Key Points
1. STEPH IS CRYPTO claims XRP is approaching a critical breakout based on an ascending resistance trendline observed since 2021, similar to Bitcoin's 2021 pattern.
2. The $3.28 price level is identified as a key threshold for XRP; a breakout could signal a sustained upward move.
3. XRP recently surged to $3.65 but has since pulled back, currently trading at $3.10, needing a 6% rise to break the $3.28 threshold.
4. Bloomberg analysts estimate a 95% probability of an XRP ETF approval by 2025, which could bring significant institutional investment.
5. Steph IS CRYPTO remains bullish, suggesting the third quarter could be pivotal for XRP and altcoins.
Description
Crypto analyst STEPH IS CRYPTO has reignited bullish sentiment around XRP , declaring that “everyone is wrong” about its current price trajectory. In a new technical breakdown shared via X, Steph argues that XRP is nearing a critical breakout moment on its long-term chart, one that could drive exponential growth through the rest of 2025. However, while his analysis focuses on an emerging bullish structure, some of the associated claims about XRP’s price levels require careful clarification. The ...
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