Is the price exceeding $2.3 after the XRP price crash? How to say the chart
Analyst Master Ananda shows in recent analysis that XRP price changes and their significance to altcoins. This was after the last few days of the answer, when the XRP price was already close to red. But even these red closures didn’t stop the bullish momentum. If anything, they might show how cryptocurrencies will develop next and how they can work in the coming days.
Bullish continuation is still in the card
The shift began in the cryptocurrency market after the XRP price crashed from $2.5 to $0.23 last week. This has sparked speculation that bullish momentum is gradually disappearing and bears are running on the horizon. However, Master Ananda doesn’t think this will be a continuous review of XRP prices.
On the one hand, crypto analysts explained that even if the correction is red, the progress is still green and merged into blue. These factors suggest that Altcoin is still bullish. Therefore, this does not mean that early XRP price increases have failed.
If anything, Master Ananda explains how the XRP price moves, which shows the expansion of the merge phase. Therefore, since the current comfort is still optimistic, it is very likely that the bull rally will continue to move forward, as prices are still growing slowly despite the lateral movement.
XRP price still looks good
XRP prices have shifted to red territory since last Wednesday. But interestingly, the red closure has stopped for four days and turned green on Sunday. As analysts explained, there are no more than four daily closures for XRP prices since August 2024. Therefore, this may mean that the market is still sticking to a bullish trend.
The green daily end also shows that although bullish mergers are slow now, they are still moving. By doing so, you can expect the XRP price to bring bullish improvements. The only downside that crypto analysts see is that waiting for this bullish progress can get long and boring.
“It can grow slowly and surely for a few months, then prosper and suddenly jump out,” Master Ananda said. “But it grows every day, and if you hold this coin, that’s the most important thing.” Since the XRP price is expected to continue moving forward through the merger, the goal from here remains at $3.
Featured pictures from dall.e, charts from tradingview.com
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