Ripple (XRP) Retests Historic Support, Prepares for Rally Above $3

The price of Ripple (XRP) dipped to the $2.0 range as the crypto market plunged in a surprise flash crash. Nevertheless, it is not something to be worried about; the altcoin only retested the 2021 high, in turn preparing the coin for an explosive rally above $3 in a few days ahead.

As the crypto market experienced a flash crash, the price of Ripple (XRP) dropped to the $2.0 range. However, investors should not be alarmed by this development. According to several analysts, XRP merely retested a historic support level.

The Charting Guy observed that Ripple (XRP) only retested the 2021 high during the latest dip, indicating that the bull market for XRP is still "on track perfectly."

CryptoKnight890 shared a Ripple price chart that aligns with The Charting Guy's analysis. The altcoin price could pump as high as $3.5168, marking an increase of over 60% from XRP's current price range.

Moreover, Saeed Zaman (TraderSZ on Twitter) has also set his Ripple (XRP) price target a bit lower for this bull run. In his opinion, the XRP bull run could cap off at around $3.3308, which is just short of XRP's ATH.

On the other hand, Lunex Network (LNEX) is emerging as a top crypto investment with its cross-chain technology that's revolutionizing DeFi.

Lunex Network (LNEX) is an upcoming DeFi protocol that supports trading and staking on multiple chains. It currently supports over 40 blockchains where users can trade over 50,000 cryptocurrencies at low transaction fees and with high speed.

Lunex Network also eliminates the KYC verification process and adopts self-custodial wallets, making it one of the most anonymous trading platforms that provides full control of assets to the traders.

Furthermore, Lunex Network integrates the latest Web 3 technology and performs all transactions with the help of smart contracts. These contracts encrypt every trade and keep them on Ethereum's blockchain.

Lunex Network also boasts one of the most exciting passive generation programs. The Annual Percentage Yield (APY) provided for staking the $LNEX token is as high as 18%, making Lunex one of the best DeFi projects for generating passive income.

To conclude, while the recent market dip doesn't invalidate the bull market, it sets up certain coins for major gains in the coming weeks. As XRP prepares for a rally above $3, investors should also keep an eye on Lunex Network, which could reach highs of $0.5 before the end of this bull cycle.