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XRP Price Prediction: Is XRP Ready to Reclaim $3?
- XRP recently broke below $2 for the first time in two months but experienced a strong bounce, indicating bullish momentum.
- Key upside targets for XRP include the $2.40 range and potentially reclaiming $3 in terms of daily liquidity.
- A retest of the fresh daily demand level could present another bullish setup for XRP traders.
- XRP had been stuck in an accumulation range between $2 and $2.40 for an extended period without a clear trend direction.
- When XRP dipped below $2, it triggered a significant bounce, suggesting a potential shift in market sentiment.
- Potential short-term target for XRP is moving towards $2.40 to address near liquidity and potentially offer trading opportunities within the range.
- Longer-term scenario involves XRP aiming for $3 with careful consideration of daily supply zones that could limit upward momentum.
- If XRP maintains bullish momentum and volume, reaching the upper liquidity around $3 could become a significant possibility.
- Retesting the daily demand zone that initiated the recent bounce could provide another favorable long trade opportunity for XRP.
- While these scenarios offer potential trading setups, the market remains unpredictable, and traders should be prepared for sudden price changes.
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