In a recent episode of the YouTube series “Cheeky Crypto,” the host provided a detailed technical analysis of XRP. The host observed a slight downward move in the XRP/USDT pair on the Bitget spot exchange, which was in line with expectations. The analysis indicated that XRP might need to come down into a specific range before breaking to the upside. The target range for the downside was identified as $0.46845 to $0.47384. Once this correction is complete, the host predicted an upward movement for XRP, aiming for equilibrium around $0.49 to $0.49346. The host noted that many retail investors might not have the patience to wait for these patterns to play out and emphasized the importance of understanding the full context.
The host also discussed the possibility of XRP moving towards a fair value gap of $0.53 to $0.56, created from imbalances in the order books. He suggested that XRP could either push up towards this range or down towards $0.43 to $0.437, but he suspected it would likely go up. Despite the ongoing SEC case against Ripple, the host expressed optimism about XRP’s long-term potential. He believed that once the case is resolved, there could be a significant surge in XRP’s price due to FOMO and re-listing on U.S. based exchanges. However, he cautioned that reaching the target range of 62 to 67 cents could take around 100 days or more and emphasized the importance of patience. In conclusion, the host sees a bright future for XRP, but reminded viewers that these are predictions based on analysis and not financial advice.
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