XRP price traded near $1.34 on October 16, about 4% below the 200-day simple moving average at $1.36. Buyers must first reclaim and defend this level for the historical $3.20 scenario to remain valid. In 2023, XRP moved above the same moving average near $0.40, then returned to the zone, briefly slipped below, and recovered, reaching $0.93 on July 13, a 134.5% rise from $0.40. Applying this same proportional 134.5% gain to the current $1.36 moving average yields a target of $3.20, representing roughly 145% upside from $1.31. A more realistic near-term target would be around $1.45, seen as a resistance or confirmation level.
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
