XRP Breaks Major Trendline, Analyst Says We Play for the Big Moves
Main Idea
XRP has broken a major trendline, with analysts predicting significant price movements, targeting $5 in 2025 if key resistance levels are breached.
Key Points
1. XRP broke a major weekly trendline, signaling potential for significant price movements.
2. Analyst It’s Taztouz predicts XRP could reach $5 in 2025, with $3.80 as the immediate resistance level to watch.
3. The SEC case closure and a $125M fine payment are seen as positive developments for XRP's institutional adoption and DeFi growth.
4. A confirmed break above $3.80 could accelerate momentum toward higher targets, with $5 identified as a potential milestone.
5. The chart analysis focuses on XRP's technical breakout and improved regulatory position as key drivers for future price action.
Description
Gordon, a self-proclaimed crypto multi-millionaire, shared an update on X, focusing on XRP’s recent technical performance. In his post, he stated, “XRP with a HUGE flip of a weekly trendline. We play for the BIG moves. Do you understand?” Alongside the message, he attached a weekly candlestick chart that displayed a clear breakout above a long-standing descending trendline. The chart indicated a notable shift in market structure, with the trendline now appearing to act as support rather than res...
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