Why XRP May Retest $1 Before Its Next Major Rally: Analyst

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XRP, valued at $1.33 according to CoinGecko, fell 3% over the past week and 6% over the past month, leaving it 63% below its all-time high of $3.65. Analyst ChartNerd said a pullback toward $1 remains possible after a weekly close below the 20-week exponential moving average. Reclaiming $1.33 could reduce that risk and reopen a path toward $1.50, followed by $1.80 to $2, while continued weekly closes below the moving average would favor a deeper retracement. The monthly Gaussian Channel’s middle line sits at $0.98, a level that echoes the 2022 bottom, when XRP quickly lost its 20-week moving average after a 90% advance. Binance withdrawals of XRP rose to 19.7% of outflow value between September 30 and October 20, although spot XRP ETFs recorded no net flows on Monday.

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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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