XRP Sustain The Market Crash Now It’s XRP’s Time To Surge Says Crypto Experts

XRP Sustain The Market Crash Now It’s XRP’s Time To Surge Says Crypto Experts

The post XRP Sustain The Market Crash Now It’s XRP’s Time To Surge Says Crypto Experts appeared first on Coinpedia Fintech News

On Tuesday, XRP surged to $0.6685, mirroring the bullish trend in the market. However, as Bitcoin plummeted from its 2021 ATH of $69,000, the broader crypto landscape faced a domino effect. XRP, too, experienced a correction, dropping to $0.538, a level last witnessed in January.

While, some analysts suggest that this correction served a crucial purpose by closing gaps in the price trajectory, potentially paving the way for XRP to surge high.

XRP Erase It’s ALL Gain

Amidst the panic, crypto influencer Stephanie Starr brought a sense of clarity with her analysis. According to Starr, XRP experienced a notable price fall, dropping from $0.66 to $0.538. However, she viewed this correction as a necessary step for XRP.

Starr highlighted that the correction closed gaps, hit a multi-year blue line of support, and initiated a new 4-hour candle right on the multi-year resistance as a backtest. Her advice to the community was clear: “Load up if you can!”

In the meantime, a renowned crypto trader EGRAG CRYPTO flashed a warning stating that “XRP is Crashing Hard.” This declaration fueled concerns and uncertainty among XRP holders, prompting a closer examination of the coin’s current market position.

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It’s XRP Time Now!

In a conflict of narratives another well-known crypto trader, The Bearable Bull, shared an optimistic outlook. He stated, “The Altcoin Market Is Preparing To Create Generational Wealth For Those Who Have Been Accumulating.” 

Highlighting recent highs in Bitcoin and the potential surge in Ethereum, he also expressed confidence in XRP’s future, asserting, “XRP Will Have His Turn.” However, This positive outlook, however, came with a cautionary note, as he expressed readiness for profit-taking with the rest of his altcoins.

XRP Technical Analysis

The recent decline in XRP’s price has prompted concerns, with potential extensions down to $0.5769, representing the 50% Fibonacci retracement from its 2024 peak of $0.6685. This downturn erased previous gains, plunging to a low of $0.5386, but recovered slightly to $0.62. 

Meanwhile the Momentum indicators show mixed signals, as the Awesome Oscillator (AO) suggests a potential correction, while MACD signals positive momentum. 

As traders and investors navigate this market turbulence, the struggle to surpass the $0.63 continues. However, the next few days will clarify XRP’s momentum direction.