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XRP Bullish Cycle: Critical Levels to Watch for a Strong Rally Above $2.65
- XRP remains in a bullish cycle with key support levels despite recent price swings.
- Holding above $1.75 is crucial, as dropping inside the Gaussian Channel may disrupt the current trend.
- Key resistance levels will determine future movement, with a potential rise to $9–$10 if momentum holds.
- XRP's bullish outlook remains strong, with analysts highlighting the coin's positive trajectory.
- XRP's price currently sits above the upper edge of the Gaussian Channel around $1.75.
- Future direction involves retesting highs above crucial resistance points for continued bullish sentiment.
- A close below the 21 EMA could signal bearish momentum, while staying above supports further upside potential.
- Critical resistance levels at $2.33 and $2.65 will be key for confirming bullish trends.
- Elliott Wave analysis suggests a target range of $9–$10 if current bullish momentum is sustained.
- Technical indicators point to a bullish movement for Ripple, with focus on resistance levels and EMA.
- Investors should monitor support and resistance levels to gauge Ripple's future price movements.
- Ripple's current trading price is at $1.98 with a 24-hour trading volume of $5.08 billion.
- Ripple's performance in the near future will be crucial in determining its value and potential rally.
- The article also mentions XRP price dropping below $2 amid rising Israel-Iran conflict concerns.
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