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Analyst Targets Double-Digit XRP Rally Using Multi-Technical Analysis Approach

  • Market analyst EGRAG predicts a double-digit XRP rally using a multi-technical analysis approach.
  • Key technical levels include $1.75 support and a potential breakout at $2.65 for a significant upside.
  • Elliott Wave analysis points to a 477% gain potential targeting the $9-$10 price range.
  • The analysis combines the Kangaroo Technique, Gaussian Channel analysis, and Elliott Wave Theory for XRP price predictions.
  • Maintaining position above the $1.75 Gaussian Channel line is crucial for bullish momentum.
  • Historical patterns and the Kangaroo Technique point to potential launchpad areas for XRP's price movements.
  • The 21-week EMA confirms bullish sentiment as long as XRP stays above it.
  • Parallels to 2017's price pattern suggest a possible breakout scenario if XRP rallies in July.
  • Resistance levels at $2.33 and $2.65 are key for confirming bullish momentum and triggering a broader rally.
  • XRP has maintained $2 support amid market weakness, seen as normal volatility within the consolidation pattern.

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