Altcoins News
By Dan Saada
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The 25% Rally Case. A 25% move sounds big. For XRP, which has seen far wilder swings in both directions, it's actually…
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The $8 Long-Term Target. Short-term noise aside, at least one analyst is looking much further out.
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What Traders Are Watching Now. Right now, the focus is short-term. Traders are watching whether the death cross and liquidation…
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XRP is flashing a rare setup. Two technical signals — a death cross and a cluster of liquidation triggers — are converging at the same time, and traders are paying close attention.
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The death cross is a bearish chart pattern. It happens when a short-term moving average drops below a long-term one, and it's pretty much always read as a warning sign.
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How far could it go? The number floating around is 25%.
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That said, unclear whether the move materializes in days or weeks. No specific timeline was given.
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Still, the convergence is unusual. Death crosses don't typically arrive alongside liquidation signals pointing toward a bounce.
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Short-term noise aside, at least one analyst is looking much further out. The projection: XRP reaching $8 at some point down the road.
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Read also: XRPPower Promises $97,000 Daily Returns on XRP — Red Flags Everywhere
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That's a significant call. It's not a near-term trade idea — it's a longer-horizon bet that rests on two things: sustained market conditions holding up, and broader adoption of…
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But $8 as a long-term target isn't totally out of left field for XRP. The token has traded at elevated levels before during bull cycles, and its underlying network has continued…
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Right now, the focus is short-term. Traders are watching whether the death cross and liquidation signals actually produce the expected bounce or whether the bearish read on the…
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Entry and exit points matter a lot in this setup. A 25% rally, if it comes, won't last forever — relief rallies rarely do. They tend to be sharp and short.
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Read also: Ripple and SBI Remit Push XRP Into 3 Major Southeast Asia Remittance Corridors
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