XRP Price Gets $20 Target: The 2 Scenarios That Could Play Out From Here
Crypto analyst XForce has set a $20 target for the XRP price. The analyst also highlighted two scenarios that could play out from here for the altcoin to reach this price target. XRP Price Eyes Rally To $20 In This Market Cycle In an X post, XForce declared that $20 remains the primary cycle target for the XRP price. He noted that the altcoin still faces strong resistance at the $4 level, but this does not alter the overall bullish outlook on the macro level. The analyst then went on to mention a strong impulse continuation and Wave 1-2 Flat continuation as the two scenarios that could....
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The price of Ether has reached a long-term resistance line, due to the pressure from the big bears. Usually, under such price conditions, a period of growth is likely. Will there be a return to $14? ETH/USD. The minimal target of the medium-term downward movement has been reached. That target is the bottom limit of the long-term flat, which has been there for almost six months. A new wave of the flat has been formed, which means that the price has two likely scenarios for future development: form a new wave of the flat upwards toward $14, or form a turn towards the decline. One of these....
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Ethereum’s price is forming a correction toward the upward trend, which has started at $7. The downward trend is very likely to continue, until the structure of this movement is not disrupted. Where is the likely peak of this rebound? After exiting the medium-term flat, Ethereum’s price has formed a short-term downward impulse. Thus, the odds are on the side of a larger rebound. The downward movement can be flat-like. The next target is a level, where two potential scenarios can play out. The movement can stop around $11, because Ethereum’s price will have to choose the future direction:....