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XRP Price Consolidates In Tight Bullish Compression Pattern, Why $5 Is Possible

  • XRP price is consolidating in a tight bullish compression pattern after falling below $2.4, hinting at a potential upward move.
  • The cryptocurrency is still trading above a long-term rising trend line and maintaining higher lows over the last six months, indicating bullish momentum.
  • Key support levels for XRP are at $2, with resistance at $2.7. RSI is in a neutral position, and MACD shows a bullish crossover.
  • Buy levels suggested by the analyst are the $2 to $2.2 zone as initial support and after a break above $2.7 with strong volume. A potential rally to $5 is projected.

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