XRP Ready to Surpass Bitcoin as Bollinger Bands Tighten

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XRP Prepares for a Major Breakthrough

XRP is in the preparation phase for a strong move that could surpass Bitcoin. Brett Crypto has noted that the Bollinger Bands on the XRP/BTC chart are tightening, which often signals an impending breakout. This could push XRP up more than 30% against Bitcoin. Traders are closely monitoring bullish signals. This is a rare phenomenon, not a common occurrence.

Strong Support for XRP

The recent consolidation of XRP along with strong support levels increases the likelihood of a breakout. If XRP surpasses the resistance level of 0.00003079 BTC, buying pressure may be triggered, leading to a market recovery. Conversely, if it fails to break through, XRP may face a significant decline. Currently, according to CoinMarketCap, XRP is trading at 2.15 USD, down 1.65% in the past 24 hours.

Predictions From Experts

The trading volume of XRP has increased by more than 26% in the past day, reaching 1.97 billion USD, with over 1.87 billion USD traded in the open market. Analyst Dark Defender had predicted that XRP would face resistance around the levels of 2.22 USD and 2.36 USD, and as expected, it has dropped to 2.13 USD. He believes that XRP is nearing the end of its correction phase and may soon begin to rise again.

XRP Monthly Waves

XRP is entering Wave Month 5, expected to occur in 5 smaller waves. He predicts that the first wave will reach 3 USD. Moving towards Wave 3 and Wave 5, he expects higher short-term targets of 4.4 USD and 6.3 USD, with support at 1.88 USD. Investors and experts are anticipating this strong breakout of XRP.

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Zhengpaivip
· 05-05 14:20
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