XRP May Plunge to $1.20 and Still Remain Bullish, Analyst Says
🚀 XRP recently faced a downturn, dropping below $1.35, but analysts like EGRAG CRYPTO remain optimistic, suggesting it can still maintain a bullish trend if it holds above the critical $1.20 level.
📈 EGRAG believes that if XRP recovers, it could reclaim $1.65 and potentially soar to between $4.00 and $8.00, with a speculative "Valhalla" scenario exceeding $15, depending on market conditions.
🔍 Analyst Bird identifies a pattern of three descending resistance trendlines, indicating that a breakout above $1.52-$1.56 could lead XRP towards $2.00, supported by a solid demand zone around $1.30-$1.34.
🚀 XRP recently faced a downturn, dropping below $1.35, but analysts like EGRAG CRYPTO remain optimistic, suggesting it can still maintain a bullish trend if it holds above the critical $1.20 level.
📈 EGRAG believes that if XRP recovers, it could reclaim $1.65 and potentially soar to between $4.00 and $8.00, with a speculative "Valhalla" scenario exceeding $15, depending on market conditions.
🔍 Analyst Bird identifies a pattern of three descending resistance trendlines, indicating that a breakout above $1.52-$1.56 could lead XRP towards $2.00, supported by a solid demand zone around $1.30-$1.34.