2024

Chainlink

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 <p>XRP registered its largest single-day advance in over two weeks on Friday, climbing nearly 3% after steep losses triggered by reports that <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> co-founder Chris Larsen’s wallet was compromised.</p>
 <p>However, despite the relief rally, influential market analyst XRP_SHARK predicts additional drawdowns lie ahead before the coin can stage its next bull run towards $1.40.</p>
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    <p lang="en" dir="ltr">Due to popular demand, here the path I believe we are about to see for $XRP.<br>First down to .45-.47 cents, then bounce to .53-.57 and then down to .35-.40. Once .35-.40 is reached, I believe we are ready for a great move upside 🍻 pic.twitter.com/izsfiIEU4v</p>
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    </div> — XRP_Shark (@XRP_Shark) February 1, 2024
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 <p>At press time, XRP changed hands around $0.5048 following the bounce from 24-hour lows below $0.49. Although <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> stated its corporate accounts remain secure, the incident exacerbated selling pressure as XRP hit multi-month lows.</p>
 <p><strong>Also read: Chainlink Eyes Potential Breakout, LINK Could Hit $20</strong></p>
 <h2 class="wp-block-heading" id="h-xrp-could-surge-higher">XRP could surge higher</h2>
 <p>Now, as the shockwave dissipates, analysts like XRP_SHARK remain constructive on XRP’s long-term trajectory. However, the researcher cautions that prices may still need to wash out before XRP can prepare for its next rally.</p>
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 <p>Specifically, XRP_SHARK eyes $0.45 and $0.47 as potential support zones where XRP could stabilize and reverse higher. From there, he targets subsequent resistance ranging from $0.53 to $0.57 before an extended correction drags prices as low as $0.35 to $0.40.</p>
 <p>In XRP_SHARK’s view, a capitulatory selloff towards $0.35 would signal the maximal fear necessary to carve out durable support for XRP’s next bull phase, targeting $1.40.&nbsp;</p>
 <p><strong>Also read: Cryptocurrency: 5 Coins To Watch in February 2024 To Generate Profits</strong></p>
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 <p>Of course, many variables influence whether such an ambitious upside forecast materializes. <a rel="noopener noreferrer nofollow" title="Ripple" href="https://thebittimes.com/tag/ripple.html">Ripple</a> continues to advance XRP’s utility through big-name partnerships, while legal clarity could emerge should the SEC case conclude with no securities law violations.</p>
 <p>Hence, while bears maintain the upper hand currently, analysts believe both price action and fundamentals point to higher highs over more extended timeframes once the bottom falls out. However, if XRP_SHARK’s <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> proves correct, the road ahead remains bumpy in the near term.</p>
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  <li>Ripple</li>
  <li>xrp</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-xrp-could-surge-to-1-40-but-there-s-a-catch-tbt78729.html">https://thebittimes.com/ripple-xrp-could-surge-to-1-40-but-there-s-a-catch-tbt78729.html</a></p>

Ripple: XRP Could Surge to $1.40, But There's A Catch

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