XRP's price has faced significant fluctuations, dropping 31% since its peak in July. Despite this downturn, analysts maintain a bullish outlook, suggesting a potential rally to $9.50 if key resistance levels are overcome.
The immediate focus is on reclaiming the 200-day moving average and transforming resistance into support. However, concerns linger due to bearish patterns and whale sell-offs, which have contributed to recent declines.
A notable recovery followed a historic $610 million liquidation, with XRP rebounding to $2.56. While some analysts foresee a breakout above $3, others express skepticism about the sustainability of this momentum.
The current market sentiment remains mixed, reflecting both optimism and caution regarding XRP's trajectory.
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