🔸$XRP is facing a make-or-break week after losing the $2.0 mark. According to technical analysis, the price is completing a corrective phase and is likely to retest the macro support area at $1.64. This is seen as a potential hard bottom, coinciding with the scenario $BTC adjusting to $79k.
🔸However, this adjustment is forecasted to be a stepping stone for a dramatic reversal this Friday. If the Long position holds at $1.64, $XRP it will trigger a surge exceeding $2.41 - $3.00, opening up opportunities to catch the gold dip for the final wave of the year.
Is $1.64 the final stop for the Short side, or will the market experience even more volatility?
This article is for informational purposes only and is not investment advice. Please read carefully and consider thoroughly before making a decision.
