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XRP could be positioned for a major rally, with technical indicators pointing to a bullish “springboard” setup. Analyst GainMuse said XRP’s ascending support and rising lows suggest strong upward momentum, with a potential breakout possible if key resistance levels hold.
XRP is trading at $1.39 per CoinGecko, hovering near support in the $1.33–$1.36 range. Potential reclaim zones are identified at $1.44–$1.46, while resistance is cited at $1.62–$1.65.
GainMuse’s view is that holding the $1.33–$1.36 support area could set the stage for a larger breakout, implying a “mega bullish” move for XRP if resistance is successfully reclaimed.
The article also frames the move through an Elliott Wave perspective, with EGRAG CRYPTO highlighting the rally potential within a broader wave structure.
Overall, the technical narrative describes XRP as being in a pivotal consolidation phase. The bullish case depends on holding upward support and reclaiming key resistance, particularly the Wave-1 high referenced in the Elliott Wave framework.
The piece highlights a potential upside move framed as a $15–$31 surge, contingent on the breakout scenario playing out as described by the wave analysis.
The article adds that XRP’s consolidation and breakout prospects are occurring amid broader market weakness, including “BTC weakness,” and it references “wild $1,300 price speculation” in that context.
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