XRP Price Explodes 20% Shattering 3-Month High, Analyst Predicts Further Gains
- XRP has shattered its three-month high, surging 20% in a day to reach $0.6366.
- Analyst Dark Defender predicts a retracement to $0.499 before a rally to $1.03, citing an ABC wave pattern.
- XRP’s price correction has already begun, losing 5.5% in the last 24 hours.
In a stunning reversal, XRP has smashed its three-month high, soaring nearly 20% in a single day to reach $0.6366, a level not seen since April. This impressive rally marks a significant milestone for the cryptocurrency, which had been lagging behind its peers earlier this year.
XRP’s comeback has ignited significant interest among crypto enthusiasts, with seasoned market watchers forecasting further gains. According to analyst Dark Defender, XRP’s recent move is far from finished.
In an X post earlier in the day, Dark Defender noted that XRP is now forming an ABC wave pattern following its surge. Under this assessment, he expects XRP to retrace to around $0.56 in the short term, marking a brief pause in its upward trajectory. However, this retracement will likely be followed by another brief recovery to $0.62 as the ABC wave pattern continues to develop.
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