This Is Why XRP May Need 3 More Years to Reach Its Next Peak: Analyst

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Technical analyst ChartNerd estimates that XRP could reach a new peak around June 2029, after identifying an average interval of roughly 1,400 days between the peaks of the 2013, 2018, 2021 and 2025 cycles. The projection is based on a historical comparison and is neither a price prediction nor a guaranteed timeline. Trading just above $1, XRP has fallen more than 71% from its latest peak, leaving room for further correction based on previous cycles, during which declines ranged from 85% to 96%. ChartNerd identifies the $1.04 to $1.16 area as a short-term target and $5 to $8 as a longer-term recovery target, while institutional ETF demand remains a positive factor despite more than $18 million in outflows over two days.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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