Propel

The post <a href="https://coinpedia.org/news/xrp-price-prediction-could-a-temporary-dip-propel-the-price-to-25/">XRP Price Prediction: Could a Temporary Dip Propel the Price to $25?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Ripple’s XRP has recently experienced a surge. This increase has allowed XRP to break out of previously bearish patterns and achieve new highs, particularly on the shorter time frames. The coin saw an impressive 8% increase, reaching $0.61. This surge happened alongside a Golden Cross formation on the price chart and a broader recovery in the cryptocurrency market. At the time of writing, XRP is trading at $0.60 and is up by more than four percent in the last 24 hours.&nbsp; 
As expected, XRP rallied and reached an upper resistance area, which had previously been a key level where the price dipped. However, XRP managed to break through this resistance, indicating a possible continuation of its upward trajectory.&nbsp; The broader cryptocurrency market, including Bitcoin, is also showing signs of potential exhaustion, which could impact XRP’s price movement.&nbsp; 
<a href="https://www.youtube.com/watch?v=bERuMepWeP8">Analyst Cheeky Crypto</a> said that XRP might encounter resistance around the 60-62 cents range. Looking ahead, while there is potential for XRP to climb further, the analyst warns that downward pressure might soon emerge. They are particularly vigilant for a possible decline to around 51 cents before XRP might see another upward movement.&nbsp; 
Specifically, the analyst is watching for a close below the swing low of a hammer candlestick pattern. If this occurs, a short trade could be considered with a stop loss set above the swing high and a target around the 50 EMA or 50 SMA, which is currently at 58 cents.&nbsp; 
<a href="https://x.com/_TallGuyTycoon/status/1825708491215909187">Armando Pantoja</a> wrote on X, “Me calling for a $25 $XRP isn’t speculation… it’s solid technical analysis. Fibonacci retracement levels + recent price action, it’s clear $XRP has strong momentum. If the market conditions align + we see a breakout past key resistance levels, $25 is just the beginning.”

XRP Price Prediction: Could a Temporary Dip Propel the Price to $25?

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