$XRP Poised For Over 5,000% ‘Explosive Charge’, Analyst Says - NewsBTC Analytics

Irma - Aug 28 - - Dev Community

XRP is back in the spotlight as its price momentum builds. Over the weekend, XRP rose 8% to $0.63 before settling at $0.6131. Despite this slight pullback, analysts like Bobby A. and GoldE33 predict a key breakout, with both pointing to technical indicators suggesting a bullish trend.

Bobby A. sees an "explosive charge" for XRP, supported by a breakout pattern on the monthly chart. GoldE33 highlights shrinking Bollinger Bands, signaling a possible price surge. They shared their insights on X, formerly Twitter, believing XRP could surpass current resistance levels.

Bobby A. targets $0.87, a 45% increase from $0.60, and notes that breaking past this could shift market sentiment to bullish. He sees further resistance on the path to reclaiming the all-time high of over $3, with the potential for XRP to reach $5.31 if momentum continues.

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