Rally

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<p>Cryptocurrency expert Hov has provided a comprehensive outlook for Ripple’s XRP. Hov suggested a potential path to a new all-time high.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="short-term-dip-expected-before-major-rally">Short-Term Dip Expected Before Major Rally</h2>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a><br><br>Been a while since our last XRP update<br><br>I still think we see a dip into that sub.40 level(.35-.33 has great confluence)<br><br>That is going to be a MASSIVE level for our overall outlook<br><br>If we can approach those lows on divergences then I would lean toward that being our C… <a href="https://t.co/whRmIsRY1z" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/whRmIsRY1z</a></p>— Hov (@SenseiHov) <a href="https://twitter.com/SenseiHov/status/1807852414248313292?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 1, 2024</a>
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<p>According to Hov, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> may experience a dip in the near term. The analyst points to a potential drop to the sub-$0.40 level, with particular emphasis on the $0.35-$0.33 range. This area, Hov notes, holds great confluence and will be a critical level for determining XRP’s overall outlook.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/is-ripple-behind-massive-400-million-unlock-in-xrp/" target="_blank" rel="noopener noreferrer nofollow">Is Ripple Behind Massive $400 Million Unlock in XRP?</a></em></strong></p>
<p>Hov highlights two potential scenarios as XRP approaches these lower levels:</p>
<ol>
 <li><strong>Bullish Scenario</strong>: If XRP reaches these lows with divergences present, it could signal the completion of a corrective wave C, setting the stage for a bullish reversal.</li>
 <li><strong>Bearish Scenario</strong>: Should XRP approach these levels while negating current divergences and increasing volume, it might indicate a larger degree of bearish structure playing out.</li>
</ol>
<p>The analyst notes that current daily divergences are looking positive, emphasizing the importance of closely monitoring price action as it develops towards the key support level.</p>
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<h2 class="wp-block-heading" id="the-road-to-new-all-time-highs">The Road to New All-Time Highs</h2>
<p>Hov’s analysis shows a bullish long-term picture for XRP. However, there is the potential for a short-term dip. The detailed price forecast outlines several key levels and phases:</p>
<ol>
 <li><strong>Initial Rebound</strong>: After the potential dip to $0.35, XRP is expected to reclaim the $0.47 level.</li>
 <li><strong>First Major Surge</strong>: Following this reclamation, a major move to $1.15 is anticipated.</li>
 <li><strong>Consolidation and Further Growth</strong>: Post $1.5, a mild correction is expected before the price pushes towards $2.2.</li>
 <li><strong>Final Push to All-Time High</strong>: After another correction phase, XRP is forecasted to reach a new all-time high of $3.6.</li>
</ol>
<p>Hov’s analysis provides a detailed route for XRP to hit new all-time highs. While the forecast suggests major upside potential, it also highlights the importance of analyzing the short-term volatility and key support/resistance levels.</p>
<p><strong><em>Read more:&nbsp;<a href="https://captainaltcoin.com/top-10-crypto-unlocks-to-watch-in-july-altlayer-alt-and-aptos-apt-dominate/" target="_blank" rel="noopener noreferrer nofollow">Top 10 Crypto Unlocks to Watch in July: Altlayer (ALT) and Aptos (APT) Dominate</a></em></strong></p>
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<p>The post <a href="https://captainaltcoin.com/analyst-predicts-where-ripples-xrp-price-is-headed-next-hint-ath-incoming/" rel="noopener noreferrer nofollow">Analyst Predicts Where Ripple’s XRP Price is Headed Next: Hint – ATH Incoming</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Predicts Where Ripple’s XRP Price is Headed Next: Hint – ATH Incoming

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