bullish

Strong

Gary

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-maintains-strong-upswing-despite-market-correction/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Maintains Strong Upswing Despite Market Correction</a><br></p>
<p style="text-align: justify">XRP price continues to exhibit a robust upward trend despite a slight market correction. This increase reflects growing confidence in XRP, aligned with overall market optimism. The potential for further growth has been highlighted, with projections indicating a possible breakout.</p>
<h2 id="xrp-projections-according-to-elliott-wave-theory">XRP Projections According to Elliott Wave Theory</h2>
<p style="text-align: justify">Crypto analyst Charting Guy predicts a potential rise in XRP price using Elliott Wave Theory. The analysis suggests that XRP has recently completed the third wave within a larger wave and is currently in the corrective fourth wave phase. This sets the stage for further bullish movements.</p>
<p style="text-align: justify">Ripple ‘s price has increased by 30% in the past month, reaching $1.45 today with a 7% rise. This increase signifies the continuation of consistent gains observed in recent weeks. XRP’s market performance has fluctuated between $1.29 and $1.45 within the last day, demonstrating significant resistance.</p>
<h2 id="regulations-and-technical-indicators">Regulations and Technical Indicators</h2>
<p style="text-align: justify">Recent regulatory comments by the <a href="https://en.coin-turk.com/spot-bitcoin-etf-decision-anticipated-august-could-trigger-crypto-bull-run/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> under Gary Gensler have impacted market sentiment and fueled speculation about Ripple’s future. Among technical indicators, the MACD shows bullish momentum while the RSI at 82 levels indicates overbought conditions.</p>
<blockquote>
 <p>“With Elliott Wave Theory, XRP is likely to reach targets between $8 and $13.” – Charting Guy</p>
</blockquote>
<p style="text-align: justify">The bullish trend of XRP reflects investor confidence and market momentum. Analysts view the possibility of hitting the $8 to $13 targets projected by Elliott Wave Theory as high. However, the RSI indicating overbought conditions suggests that market corrections could occur before new peaks.</p>
<p style="text-align: justify">XRP investors can evaluate potential return opportunities by considering technical analysis and market trends. However, overbought signals should be heeded, and caution towards market fluctuations is advised.</p>
<p>The post <a href="https://en.coin-turk.com/xrp-maintains-strong-upswing-despite-market-correction/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP Maintains Strong Upswing Despite Market Correction</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

XRP Maintains Strong Upswing Despite Market Correction

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