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Crypto

XRP 27-dollar scenario hinges on clearing $1.66 then reclaiming $2

XRP has entered a zone where major technical signals overlap, raising the possibility of a move toward the $27 range over the medium to long term, an analysis showed. The scenario requires XRP to break above $1.66, the upper boundary of a falling wedge, and then reclaim $2. Analysts also cited Fibonacci-based targets of $8.48, $13.70, $18.06 and $27.68, while warning a failed breakout could reopen downside levels at $1.21, $0.90 and $0.60.

Crypto

XRP nears eight-year support zone, will $13 target hold

XRP is moving back toward a key buying zone that has supported its downside for the past eight years, an analysis said. Analyst Ali Martinez sees the token retesting an uptrend support line in place since May 2017, with a core support range of $0.70 to $0.90. A chart resistance level at $3.32 is the next hurdle, he said. If XRP breaks above it, targets of $8.37 and $13.57 were cited.

Crypto

XRP could slide to $0.94 if June midterm-year pattern repeats

XRP could fall to $0.94 if it follows a June weakness pattern seen in years when U.S. midterm elections were held, and could drop to as low as $0.81 in a worst-case scenario, an analysis said. Crypto analyst Egrag Crypto based the range on XRP’s average June decline in midterm years and recent price action. XRP has been pressured amid broader market weakness, while the analyst maintained a bullish long-term view.