XRP Eyes Short-Term Rally: The Trader Bets on Token’s Bounce
DonAlt, a pseudonymous cryptocurrency trader, has started a new position in XRP, indicating a resurgence of interest in the token’s immediate potential. The trader has highlighted a clear exit point: he will liquidate his position if the token drops below the green support line, even though the action demonstrates confidence in XRP’s resiliency. Investors and traders alike are keeping a close eye on DonAlt’s most recent trade because of its reputation for correctly forecasting XRP’s enormous Q4 2024 rise.
XRP Holds Key Support, Signals Potential Short-Term Upswing
After reaching an all-time high of $3.65 in July and then settling into a decline, XRP has lately stabilized. A massive flash crash in early October led to a steep decline. But the token made a swift comeback. XRP is currently probing the $2.40–$2.50 range from above on charts. A new foundation for possible bullish momentum would be confirmed by holding above this green support line. A test of the $2.60 resistance may be possible if XRP can maintain this level and draw fresh buying activity. Signaling a possible short-term upswing requires maintaining support here.
DonAlt Highlights XRP’s Strong User Base Amid ETF Momentum
The analyst predicts that XRP may retest its prior trading range between $2.80 and $3.00 if it holds the green support level and breaks above recent highs around $2.60. As the first pure spot XRP ETF obtains legal traction in the U.S., DonAlt highlights XRP’s robust user base as a crucial aspect setting it apart from other altcoins. As a make-or-break level for short-term trading, traders are currently recommended to keep an eye on price movement around the green line.
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