Crypto
XRP shows signs of nearing end of slump tunnel, seen bottoming at $0.65 and running to $6
An analysis says XRP may have entered the final phase of a long-term bearish cycle as monthly technical patterns seen at past major lows reappear. XRP closed July below the 1-month MA50 for a second straight month for the first time since June 2024. Some analysts see additional consolidation or correction over the next 3 to 4 months, with a potential final bottom at $0.80 to $0.65. A break above long-term resistance is still needed for a bullish shift, with about $6 cited as an initial target.
