Rally

2024

Monster

Coin

<ul class="news-points">
 <li>According to CoinsKid, XRP appears to be setting up for a potential rally.</li>
 <li>CoinsKid revealed a confluence that could trigger an XRP move towards $2 by July.</li>
 <li>XRP has repeatedly bounced off an ascending trendline for over five years.</li>
</ul>
According to a crypto trader identified as CoinsKid on X, <a href="https://coinedition.com/tag/xrp-news/" rel="noopener noreferrer nofollow">XRP</a> appears to be setting up for a potential rally in what he described as a “blow-off top theory.” In a recent post, CoinsKid discussed a confluence that could trigger an XRP move towards $2 by July this year, with the potential of breaking above the long-term resistance.
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 Taking a look at the <a href="https://twitter.com/hashtag/xrp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#xrp</a> chart on the monthy, Is this more confluence to my blow-off top theory in July of this year for RISK appetite <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#bitcoin</a> <a href="https://twitter.com/hashtag/xrp?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#xrp</a> <a href="https://twitter.com/hashtag/sp500?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#sp500</a> <a href="https://twitter.com/hashtag/dxy?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#dxy</a> <a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ethereum</a> 3 points of contact breakout. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"> Good luck all <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f44d.png" alt="👍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/lzKG4Je6h1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lzKG4Je6h1</a>— CoinsKid (@Coins_Kid) <a href="https://twitter.com/Coins_Kid/status/1765501773110767627?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 6, 2024</a>
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CoinsKid based his analysis on XRP’s monthly chart, tracking back to January 2018, when the price crashed below $2. He used a screenshot to show that XRP attempted to retest the $2 region only once after the crash, in April 2021. Hence, the XRP $2 resistance level hasn’t been broken for over five years.
The trader …
The post <a href="https://coinedition.com/trader-predicts-monster-xrp-rally-ending-in-2-blow-off-top-by-july/" rel="noopener noreferrer nofollow">Trader Predicts Monster XRP Rally Ending in $2 “Blow-Off Top” by July</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Trader Predicts Monster XRP Rally Ending in $2 “Blow-Off Top” by July

Coin Edition

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