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<ul> 
 <li>XRP Captain predicts a breakout in 6-7 weeks, citing a mega triangle pattern over 2,312 days with a $24 target.</li> 
 <li>AltFINS analysis emphasizes a cautious perspective due to XRP’s current downtrend, trading in a Channel Down pattern.</li> 
 <li>XRP must reclaim $0.60 and surpass $0.68 resistance for a bullish trend, while a break above $1 is crucial for the $24 forecast.</li> 
</ul> 
<p>XRP Captain, a prominent crypto trader, predicts a potential breakout for XRP in the next six to seven weeks. He bases this ambitious outlook on a mega triangle pattern that has been forming over an extensive 2,312-day timeframe, pointing towards a substantial breakout with an upside target set at $24.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRPHolders?src=hash&amp;ref_src=twsrc%5Etfw">#XRPHolders</a> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> 2312 Days Of Consolidation In Mega Triangle Pattern. <br><br>BREAKOUT In 6/7 Weeks <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>BREAKOUT Target 24$ <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Final Chance To Buy The Dip <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/SmUUyodK4v">pic.twitter.com/SmUUyodK4v</a></p>— XRP CAPTAIN (@UniverseTwenty) <a href="https://twitter.com/UniverseTwenty/status/1749865653119615250?ref_src=twsrc%5Etfw">January 23, 2024</a>
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<p>However, the optimism is met with a dose of caution from altFINS analysis. The current technical posture of XRP raises concerns as the digital asset finds itself in a downtrend, trapped within a Channel Down pattern. The breach below the crucial 200-day moving average signals a negative trend, prompting traders to await a breakout from the Channel Down pattern for any signs of a bullish trend reversal.</p> 
<p>Presently, XRP remains below its 200-day moving average, indicating ongoing pressure and downside risks within the developing channel. To counter the bearish outlook, XRP must reclaim its 200-day MA at $0.60 to suggest a potential waning of seller momentum. Failing this, the path of least resistance favors a possible test of channel support around $0.45.</p> 
<p>In the quest for a bullish trend, XRP faces key resistance levels. Surpassing the $0.68 mark would signify the initial steps toward a positive trend change. Yet, for XRP Captain’s bold $24 breakout prediction to materialize, a decisive break above the $1 level is deemed crucial, particularly with improving momentum gauges.</p> 
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<p>The post <a href="https://cryptonewsland.com/xrp-navigates-near-term-challenges-for-a-shot-at-a-24-breakout/">XRP Navigates Near-Term Challenges for a Shot at a $24 Breakout</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Navigates Near-Term Challenges for a Shot at a $24 Breakout

Crypto News Land

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