How much will XRP cost?
XRP continues to see developments, with analysts highlighting several chart patterns that indicate a potential upside. Dark Defender, known for his bullish comments on XRP, stated in an X post on August 9 that XRP is close to an explosive price action, saying: âXRPâs path is very close.â
One of the most notable aspects of the analysis is the price reaching the end of a long-term descending channel. This technical formation is generally considered a sign of the end of a downtrend, and a breakout from the upper line of this channel becomes even more important for XRP. As investors monitor the market, their attention seems to be focused on the $0.9327 level, which is known as a critical resistance level and a 100% Fibonacci retracement level. If XRP breaks through this level, it is possible to talk about the possibility of greater upward momentum.
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