Analyst declares selling pressure is slowing down. She now expects a bullish reversal for altcoin XRP soon. XRP could see double-digit prices over the coming months. The crypto market has had
The crypto market has had a brutal start to the month of November, as crypto asset prices continue to drop with no signs of a bullish reversal anytime soon. On the contrary, one analyst declares selling pressure is slowing down and expects a bullish reversal soon, especially for the popular altcoin XRP. This analyst has been waiting for a year for XRP to sweep its current lows and believes new ATHs lie on the horizon.
According to CoinMarketCap analytics, the price of XRP is currently trading at the $0.9 price range, meaning that the asset is down by almost 4% in the last 24 hours, almost 18% in the last 7 days, and above 28% in the last 30 days. The fact that the price of XRP is dipping lower and lower has got one analyst in particular feeling very bullish for the coming months. In detail, this analyst said XRP would dip to $1.1, $0.9, and even $0.8 before a massive pump.
https://twitter.com/CasiTrades/status/2120873383432777773As we can see from the post above, the analyst explains how XRP is testing levels that could change the timeline by months. When trading in the $1 price range, she called hits a critical point in the wave count and now with XRP at $0.9, she confirms that expecting double-digit prices for XRP over the coming months is highly likely unless XRP dips below $0.77. She then concludes that a bullish RSI divergence is developing for XRP.
Earlier on, the analyst figured that Wave 2 for XRP was coming to an end, but after BTC dipped below $1.1, she believes the chart is rewriting possible patterns which could delay the breakout that was expected by a few months. However, she says the start of the Wave 3 bounce and pump will be very obvious once it begins and we could see the price of XRP surging at an unprecedented rate.
https://twitter.com/CasiTrades/status/2120939346467373367Lastly, in one of her latest posts, the analyst reminds the XRP community to not be shaken out by FUD now, so close to the breakout we’ve been waiting years for. She says that as the price dips, more and more negative predictions will come up with many other analysts sharing multiple price predictions with lower targets. While some are already declaring $0.5 price dips, she believes there is no possibility for such a dip.
