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XRP stumbles – But analysts still see a path to $ 70

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Analysts have remained optimistic about the potential overvoltage of XRP, predicting that the crypto will pass the critical test and strike somewhere between $ 33 and $ 70 despite the setbacks that it has been faced in recent times.

Market observers have expressed their confidence in the ability to Xrp To bounce back in the middle of the drop in its volume of negotiation in which investors experienced a 20%drop.

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XRP faces the reverse

The reports indicate that Altcoin is currently faced with certain challenges to resume momentum for a bullish race, because its price and negotiation volume has made a downward trend.

During writing, XRP is negotiated at $ 2.33A decrease of 0.1% in the last 24 hours, which is greater than the $ 2.29 recorded on March 16.

On the brighter side, XRP showed a certain resilience despite the current short -term pressures after posting a 9% increase last week.

Many analysts have mixed opinions on the XRP price movement because of these figures. However, some market observers have maintained a positive perspective in the long term of the crypto despite its short -term difficulties.

Can XRP reach $ 70?

One of the crypto analysts who remained confident on XRP is Egrag Crypto, who made a daring prediction on a possible push. He said XRP operates on a cycle that could lead to huge price levels in the future.

Egrag Crypto estimates that XRP could potentially reach $ 33 to $ 70 in the coming months, taking into account both its short -term volatility and its short -term volatility and its long -term volatility.

“I analyzed the strength of the wave 1 in various cryptographic graphs, and after examining several projects, I noticed a convincing model in #XRP which could report a potential cycle,” said the analyst in a post.

Crypto analyst expressed confidence in the percentage formulas he used $ 33 and $ 70.

XRP market capitalization currently at $ 131 billion. Chart: TradingView.com

“Loving the deep dive of wave 1 – XRP obtained this fire, right?”

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Resistance levels

The crypto expert explained that XRP is currently seated in a price channel that will influence where he will head, adding that the crypto price is close to $ 2.83, a critical level that could project force.

The analyst said that XRP has reached this level, this could propel the cryptocurrency to evolve around $ 4.20 in the short term, but if the room fails to have a firm outlet above the current levels, he could test the levels of support below.

According to the analyst, $ 2.40, which was the highest in the previous day, and $ 2.97, which was the summit of the week, are two key levels to keep an eye on.

Star image of Gemini Imagen, tradingView graphic



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