Analyst to XRP Holders: Relax Friends, This Dip Is Almost Over. Here’s why
Main Idea
Analyst CryptoBull suggests that XRP's recent price dip may be nearing its end, based on technical chart patterns indicating potential exhaustion of downward momentum.
Key Points
1. XRP's price has declined to $2.82, a 5.43% drop from the previous day, after peaking at $3.65 in July.
2. CryptoBull's 4-hour chart analysis shows a falling wedge pattern with the lower boundary below $2.8, suggesting the dip may soon end.
3. Support levels around $2.7 could indicate bearish exhaustion, and a rebound above $3 may signal renewed upward momentum.
4. Other analysts also express optimism about XRP's potential recovery, though the market remains uncertain.
Description
XRP’s recent decline has unsettled parts of the crypto community, especially after the asset reached a peak of $3.65 in July. Since then, the bullish momentum has cooled considerably. The asset is trading at $2.82, a 5.43% drop from yesterday, having fallen below the psychologically significant $3 support level recently. Despite the sharp downturn, not all analysts are signaling alarm. In a post on X, well-known trader and market analyst CryptoBull shared a 4-hour chart suggesting that XRP may b...
Latest News
- From $0.035 to $4 in Under 2 Years? This Token’s Chart Has Analysts Buzzing for Some Solid Reasons2025-08-03 10:11:29
- Google Gemini Predicts XRP Price for August 31, 20252025-08-03 10:11:04
- Ripple CTO: What to be Used If XRP Ledger Is Restarted from Scratch2025-08-03 09:10:16
- Analyst to XRP Holders: Relax Friends, This Dip Is Almost Over. Here’s why2025-08-03 08:41:11
- This Trader Just Dumped 35% of His XRP Bag. Here’s Why2025-08-03 08:25:32