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XRP Bullish Structure Remains Bullish: Analyst Releases 3 New Targets
- Crypto analyst Klejdi asserts that XRP's bullish structure remains despite a recent pullback.
- Klejdi highlights three targets for XRP once it reverses its direction to the upside.
- XRP is noted to have broken out of a larger bullish pattern, hinting at the end of its accumulation phase.
- Short-term uncertainty, including US-China trade deal and Trump-Musk dynamics, may impact XRP's price temporarily.
- Projections suggest XRP could drop to $2.17 amid market uncertainty, but the broader bullish outlook remains strong.
- Potential price targets for XRP include $2.4, $2.6, and $2.8, with a rally to $2.8 possibly opening doors for surpassing the $3 mark.
- Analyst CasiTrades anticipates an XRP breakout by June 16, potentially climbing to $13 if this phase marks the dip.
- Heightened uncertainties following Israel's strike against Iran have added to the market's instability, impacting XRP and the broader crypto market.
- XRP's support levels at $2.01, $1.90, and even $1.55 are still plausible as long as $2.25 acts as resistance.
- Experts suggest that XRP may endure a significant pullback before experiencing substantial gains.
- At present, XRP is trading at approximately $2.09, reflecting a decline of over 6% in the past 24 hours.
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