Musadiq
06/17 16:50
Analyst Who Correctly Predicted XRP Rebound to $1.
prominent market analyst who correctly predicted the recent $XRP rebound to $1.26 has now mentioned what traders should expect next.
$XRP recently recovered from its yearly low of $1.05, joining the broader crypto market resurgence. This rebound helped $XRP climb to a high of $1.29 on June 15. However, after reaching that level, buying pressure weakened as the asset faced resistance.
As $XRP enters a period of uncertainty, well-regarded analyst EGRAG Crypto, who accurately projected $XRP’s recent rebound, says the next move will depend on how the asset reacts around several important support and resistance levels.
$XRP Followed Previous Forecast Step by Step
In his latest analysis, EGRAG pointed out that the roadmap he presented earlier played out almost exactly as expected.
His previous outlook discussed three important price levels. First, he argued that $XRP first needed to hold the $1.14 support zone to open the door for a retest of $1.1938. If the asset managed to break above $1.1938, the next target would be $1.2600.
However, he confirmed that $XRP was still at risk of a steeper drop. On the downside, EGRAG warned that a break below $1.09 could send prices back toward $1.05.
According to the analyst, $XRP respected the structure throughout the recovery. Specifically, the price successfully held the key $1.14 support area before advancing toward $1.1938.
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