As reported by TheMarketPeriodical, XRP price is showing signs of a potential major breakout, with analysts targeting a move toward $8. Technical indicators such as the Elliott Wave structure and a falling wedge suggest a bullish continuation, provided key resistance levels at $2.75 and $3.65 are overcome. Analysts Charting Guy and ZAYK Charts highlight the importance of Wave 5 and the wedge breakout in projecting a rally to $3.50 and beyond. Meanwhile, XRP has seen a 17% increase over the last 72 hours, with whale selling pressure being absorbed by strong demand.
XRP Price Eyes Major Breakout as Analysts Target $8
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