Analyst Says XRP Massive Price Rally Is Coming In September. Here’s Why
Main Idea
An analyst predicts a significant price rally for XRP in September, citing technical indicators and market trends, despite recent whale sell-offs and mixed technical signals.
Key Points
1. Analyst Levi forecasts a major XRP price breakout starting in late August and accelerating in September, based on oversold conditions and upward RSI trends.
2. XRP is currently trading at $3.05, with intraday highs near $3.08 and lows at $2.96, showing modest short-term price action.
3. XRP whales have sold over 640 million tokens (worth ~$1.9 billion) since mid-July, potentially impacting momentum unless buying pressure increases.
4. XRP is navigating between key support at $2.65 and resistance near $3.10, with technical setups resembling past surge patterns.
5. The SEC is expected to finalize its position on Ripple’s appeal this month, which could confirm XRP’s non-security status and boost market confidence.
Description
In a recent post on X, prominent crypto analyst Levi of Crypto Crusaders expressed strong conviction that XRP is preparing for a major price breakout , potentially beginning by the end of August and accelerating into September. “The XRP bulls are getting ready to be released,” Levi said, laying the groundwork for what he believes is a bullish setup unfolding on the charts. He emphasized that the technical structure is already mirroring previous rallies, adding, “I think September is going to be ...
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