Analyst EGRAG CRYPTO believes XRP could retrace to $1.20 while maintaining its long-term bullish structure. The $1.20 level represents a key macro support on the monthly chart, defined by the relationship between the 33 EMA and 111 EMA moving averages. As long as the token holds above this level on a monthly closing basis, the bullish thesis remains valid according to him. Other analysts like Bird identify a major support zone between $1.30 and $1.34 with resistance at $1.52-$1.56, and see potential for a rally toward $2.00 in case of a breakout. EGRAG’s bullish scenario targets between $4 and $8, or beyond $15 in a speculative scenario dubbed « Valhalla ».
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
