XRP price interruption targets $2.40 – Here is the roadmap

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Crypto Analyst Egrag encryption It has been predicted that the XRP price may soon reach as high as $2.40. He made this prediction based on Altcoin’s breakthrough in the downstream channel and revealed what needs to happen next to reach the $2.40 target.

XRP Price Eyes $2.40, Breakthrough above the Breakthrough Channel

exist X PostsEgrag Crypto said the XRP price has been broken above the drop channel for $2.2. He further pointed out that altcoins now need to break another Descending Channel $2.2962. Once this happens, analysts announce the goal will make the tokens exceed $2.40.

The charts he accompanied show that a successful closure of over $2.40 will make higher targets (such as $2.55, $2.71 and $2.88) see within Altcoin. This may pave the way for Altcoin to recover psychological level 3 and aims to find new ways to Highest history (ATH). Analysts also recently highlighted the “W” model, which confirms that a new ATH is seeing.

Egrag cryptocurrency says This bullish model has price targets of $15, $22 and $40, respectively, representing conservative, average and optimistic goals, respectively. However, he urged market participants to take their initial capital at a lower target, at around $6 to $7. He added that they should also make profits in the process.

XRP needs to maintain its current level in order to remain bullish

exist X PostsCrypto analyst Casitrades announced that XRP prices need to hold more than $2.16 to remain bullish. She noted that after reaching $2.30 resistance, the price could not be held Support level of $2.25. Instead, AltCoin is now backing off to retest the merged top $2.18 to $2.16.

Casitrades confirms that this is not a crash, at least not yet, but the test is important. Analysts explain that this is Key Areas And keep the momentum intact as it is maintained above. It also confirms that the XRP price is still in the breakout move, not just the backfilling structure. She added that such price action is very common, breaking through, rejecting, quick retesting and then rolling out. But, in order for this to happen again, she once again stated that she needed to hold $2.16.

if XRP Price The crypto analyst warned that it could see a deeper decline and a broader trend reset. This then turns on the token and can drop to $1.90 in support. On the other hand, she claimed that XRP only needs to flip $2.25 to support it, and then set AltCoin to “$2.69, $3.04 and beyond.”

At the time of writing, the XRP price is trading at about $2.19, down in the past 24 hours. data From CoinMarketCap.

Featured Images from Getty Images, TradingView.com Charts

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