Top Trader: XRP Was Sent to $3. Buy or Cry. Next Stop Is $7
Main Idea
A top trader predicts XRP could reach $7, citing its current resilience near $3 and bullish technical indicators, though market risks and the need for further momentum remain.
Key Points
1. XRP is trading around $2.94, showing resilience after a brief dip to $2.91, with traders accumulating on corrections.
2. Crypto Bitlord predicts XRP could reach $7, supported by technical patterns like higher lows and a potential breakout above $3.60.
3. Despite bullish sentiment, XRP's open interest in futures markets has dropped by $2.4 billion since mid-July, indicating reduced leverage and potential downside volatility.
4. For XRP to reach $7, factors like a clean breakout above $3.60 and renewed speculative excitement are needed.
5. Analysts note that 93% of XRP holders remain in profit, suggesting strong underlying support.
Description
XRP has once again returned to center stage following a bold proclamation from top crypto trader, Crypto Bitlord. In a recent X post, Bitlord declared, “XRP was sent back to $3… It’s an actual blessing. Buy or cry. Next stop is $7.” His remarks have reignited market attention around XRP’s next major move, especially as the coin hovers near the $3 mark with volatile momentum. XRP Reclaims the $3 Zone As of report time, XRP is trading at approximately $2.94, slightly down from its intraday high of...
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