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7小时前

Potential Moves for XRP While Mr. Xoom remains ca

Potential Moves for XRP

While Mr. Xoom remains cautious, other analysts believe a different outcome is possible. For example, market observer Casi points out that XRP's rebound from the 0.618 Fibonacci retracement level suggests a potential bullish trend.

She expects XRP to retest the 0.50 Fibonacci level near $2.04, which she calls the most important support level during this retracement. She believes the market will reveal its next major direction at this level.

Casi outlined two possible moves. If XRP holds above $2.04, she expects the price to break through $2.41 and climb to $2.65, marking the start of a new upward move with a target price between $7 and $10. If XRP falls below $2.04, she expects the price to drop further to around $1.64, coinciding with the macro retracement level of $0.618, completing the retracement and preparing for a larger rally.

 Another analyst pointed out that after nearly a month of net outflows, XRP holders have begun accumulating again. This trend typically precedes a trend reversal and marks the largest increase in holder positions since early October.

Meanwhile, Santiment also highlighted the surge in market panic regarding XRP. Specifically, XRP has fallen 31% in two months, and its social media sentiment currently shows the highest level of doubt since October. The last time XRP faced similar panic, the price rose 22% in three days, but greed subsequently took over, and the rally faded. Santiment believes the current situation is similar to the last time and may offer another opportunity.

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