Crypto Millionaire Says XRP Is Sending, Sets Price Target
2025-07-11 19:13:59
Main Idea
A crypto millionaire predicts XRP will reach a price target of $3.40, citing technical indicators and market momentum, with broader catalysts like potential ETF speculation and regulatory clarity supporting the rally.
Key Points
1. XRP has broken key resistance levels at $2.40 and $2.60, building bullish momentum toward the $3.00 psychological barrier.
2. Technical analysis highlights a V-shaped recovery pattern and a Morning Star reversal, suggesting further upward movement toward the $3.40 target.
3. Institutional interest is growing, with weekly open interest surging over 50% in early May, indicating renewed market confidence.
4. Potential catalysts include speculation about an XRP ETF and regulatory clarity from Ripple's legal battle with the SEC.
5. If momentum continues, analysts predict XRP could test $3.00 soon, followed by a push toward $3.40, a historically significant resistance level.
Description
XRP is surging, and according to analyst Gordon in a recent X post, “XRP is sending, and sidelines will cope. First target $3.40. Easy.” His confident statement captures the current bullish momentum as XRP breaks through major resistance levels and sets its sights on a much higher price range. Momentum Builds as XRP Breaks Key Levels XRP has recently shattered several significant resistance zones, including the critical $2.40 and $2.60 levels. This breakout has ignited a fresh wave of bullish mo...
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