Bullish ‘W’ pattern indicates potential rise: The analysis highlights a double-bottom formation, suggesting upward price momentum for XRP. This pattern requires a breakout above the neckline, representing significant resistance, for the price to potentially reach 35 USD, necessitating a 15-fold increase.
Market responses vary among traders: Reactions on social media show a mix of Optimism and skepticism. While some traders support the analysis, emphasizing XRP’s utility, others critique the projection as speculative. It’s crucial to consider technical analysis alongside the broader market environment.
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