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Analyst Projects Timeline for XRP to Hit $8–$27
A recent tweet by crypto analyst ChartNerd has garnered significant attention within the cryptocurrency community, as it projects a remarkable price surge for Ripple’s native cryptocurrency, XRP. According to the chart analysis, XRP is poised to hit an astonishing range of $8-$27.
The tweet in question features a long-term monthly chart that highlights key breakout levels and potential targets based on historical Fibonacci extensions. The analyst notes that XRP has consistently respected Fibonacci metrics during previous cycles, leading them to believe that similar projections can be applied in the current market cycle.
ChartNerd’s analysis places emphasis on the asset’s ability to maintain its position above a specific trendline since the 2017 breakout. This observation is deemed essential to support the broader market structure of XRP.
Source: timestabloid.com
