The current trade price of XRP Cryptocurrency is $0.56 & this price is 8% higher over the last 3 months period.
In the last 15 days, the trading price of this cryptocurrency has faced a significant downfall, along with other top flagship crypto assets, as part of bearish sentiments in the market.
Despite the significant drop in the price of XRP, crypto experts urge investors to stay calm and accumulate more XRP instead of panicking.
Considering all the factors, popular crypto analyst Brett Hill shared his analysis on this cryptocurrency and predicted that the price of this token could potentially move toward the $27 mark.
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Hill noted crucial support and resistance levels for the XRP cryptocurrency, along with potential targets for the anticipated rally.
According to Hill, XRP is currently holding steady at $0.5509, a level that has repeatedly proven to be a strong foundation for a potential upward move.
Based on previous price fluctuations, this crypto expert noted that the key resistance levels for XRP to watch are $0.5872 and $0.5981. Hill mentioned that a break above these points could confirm the start of a bullish breakout, propelling XRP toward higher targets, with the next levels to watch being $0.6025 and $0.6684.
The analysis suggested that if trading volume stays high and market conditions remain good, XRP could reach a price between $13 and $27. The expert emphasised that trading volume is crucial to confirm any upward movement.
The expert also noted that technical indicators show a bullish pattern might be forming, such as a rounded bottom or a cup-and-handle. If this pattern completes and breaks out as expected, it could lead to a strong price increase for XRP.
Read also: Solana Crypto Faces Price Downfall, But Crypto Investors Call It Accumulation Opportunity
XRP Set to Skyrocket: Patterns and Sentiments Signal a $27 Breakout
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