Ripple price has been seeing some upward movement again. However, it will face some resistance at key levels on its journey to greater heights.
A technical analyst from the Impossible Analysis YouTube channel has shared his thoughts on the potential XRP price path to $5. While the analyst remains optimistic about the possibility of XRP reaching $5, he also highlights some crucial price points to watch along the way.
The analyst notes that XRP has been displaying strong bullish momentum on shorter timeframes, with the price holding up well within a key range. This range, as highlighted by the analyst, is between $0.340 and $0.327, and it appears to be crucial for the continuation of the bullish trend.
According to the analysis, dropping below $0.273 could signal the end of the current upward trend. Specifically, the analyst cautions that breaking below $0.272 would likely trigger a larger downward movement toward the $2 region, potentially invalidating the bullish scenario.
To follow up on Impossible Analysis's XRP price analysis, you can join their FREE Telegram group for all their future crypto calls. Additionally, check out Impossible Analysis on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
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