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XRP Price Surge Predicted in Latest Technical Analysis

Published 06/19/2024, 06:34 PM
Updated 06/19/2024, 07:15 PM
XRP Price Surge Predicted in Latest Technical Analysis
XRP/USD
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  • Amonyx forecasts a bullish trajectory for XRP in 2024.
  • XRP may experience significant price increases against USD and BTC.
  • Key Fibonacci levels could indicate future XRP price movements.

Cryptocurrency analysis firm Amonyx recently published a technical assessment of XRP’s price movements, projecting a potential bullish trajectory for the digital asset against both the U.S. dollar (USD) and Bitcoin (BTC) in the coming year.

The XRP price is $0.493150, with a 24-hour trading volume of $1,488,637,482. XRP has decreased by 1.24% in the last 24 hours, holding a market cap of $27,404,550,064. The circulating supply is 55,570,463,728 XRP coins, with a maximum supply of 100 billion XRP coins.

The XRP/USD chart displays a long-term ascending channel that has been in place since 2014. This trend suggests XRP has consistently oscillated within its upper and lower parallel lines. Key Fibonacci retracement levels such as 0.618, 0.786, 1.618, and 2.618 are highlighted, serving as crucial predictors in identifying future resistance and support points. Key …

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