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Sky Victor

08/22 08:01

XRP eyes support flip for next breakout rally Rip

XRP eyes support flip for next breakout rally
Ripple’s consolidation put HODLers’ patience to the test.

LTHs (>1 year) tend to offload as XRP hits or nears their cost basis. Since January’s top, the altcoin spent five months chopping sideways before ripping 80%+ into a $3.65 peak by mid-July.

Against this backdrop, the $375 million in realized gains wasn’t random. And while XRP retraced to $3, a 6.45% bounce the following day validated the bid wall and reinforced support.

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If this pattern sticks, XRP could be replaying its Q4 setup. 

LTHs are offloading into strength, structural support is holding. With a risk-on sentiment shift, the altcoin could run another November-style leg. That puts an 80% move in play, taking Ripple to $5.40 by mid-Q1.
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