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<p>Cryptocurrency analyst EGRAG Crypto has issued a stark warning regarding XRP’s market dominance. According to their recent <a href="https://x.com/egragcrypto/status/1805672338887000087" target="_blank" rel="noopener noreferrer nofollow">analysis</a>, XRP dominance is currently retesting the edge of an ascending channel and the Fibonacci 0 level.</p>
<p>EGRAG Crypto predicts that a rejection from these crucial levels could lead to an “epic fall” in XRP’s market share relative to other cryptocurrencies.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> Dominance EPIC FALL is Coming! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> Dominance is retesting the Ascending Channel edge and the Fib 0. The rejection will be epic! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f631.png" alt="😱" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPArmy</a> STAY STEADY, ONLY FEW Will Trust The Process! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4aa.png" alt="💪" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/y5fMbVKO0r" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/y5fMbVKO0r</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1805672338887000087?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 25, 2024</a>
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<h2 class="wp-block-heading" id="technical-pattern-suggests-binary-outcome">Technical Pattern Suggests Binary Outcome</h2>
<p>Analyst JT has <a href="https://x.com/JTheretohelp1/status/1805426816678506581" target="_blank" rel="noopener noreferrer nofollow">identified</a> a clear technical pattern for XRP that presents a straightforward trading strategy. The pattern suggests two possible scenarios:</p>
<ol>
 <li><strong>Bearish Scenario</strong>: A break below the support rail would signal a sell opportunity.</li>
 <li><strong>Bullish Scenario</strong>: A break above the resistance rail could indicate a bullish breakout.</li>
</ol>
<p>JT, who discloses owning <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>, emphasizes the importance of respecting chart patterns over personal biases. The analyst states a clear intention to exit their position if XRP breaks down but remains optimistic about celebrating if it breaks upward.</p>
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<h2 class="wp-block-heading" id="bullish-pennant-pattern-hints-at-massive-potential-gains">Bullish Pennant Pattern Hints at Massive Potential Gains</h2>
<p>In contrast to the cautionary tones, analyst Armando Pantoja <a href="https://x.com/_TallGuyTycoon/status/1805757066415341581" target="_blank" rel="noopener noreferrer nofollow">presents </a>a highly bullish outlook for XRP. Pantoja has identified a strong bullish pennant pattern on XRP’s monthly chart, drawing parallels to a similar formation that preceded a 7,637% gain in 2017. The analyst notes that both volume and momentum are building, potentially setting the stage for a repeat of such dramatic price action.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="511" src="https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-1024x511.png" alt="" class="wp-image-515133" srcset="https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-1024x511.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-300x150.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-767x383.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-1536x767.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-2048x1022.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-100x50.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-701x350.png 701w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954-788x393.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/06/image-954.png 679w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As XRP approaches critical technical levels, the cryptocurrency community remains divided on its future prospects. Some analysts foresee potential downside risks. However, others anticipate major growth reminiscent of previous bull markets.</p>
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<p>The post <a href="https://captainaltcoin.com/crypto-analyst-warns-of-a-major-ripple-dominance-fall-says-xrp-rejection-from-this-channel-could-be-epic/" rel="noopener noreferrer nofollow">Crypto Analyst Warns of a Major Ripple Dominance Fall: Says XRP Rejection from This Channel Could Be Epic</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Warns of a Major Ripple Dominance Fall: Says XRP Rejection from This Channel Could Be Epic

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CaptainAltcoin

Інші статті, опубліковані 26 черв. 2024 р.

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