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XRP Bear Market Analysis and Price Predictions

$12 RIPPLE XRP PRICE TOO LOW?
$12 RIPPLE XRP PRICE TOO LOW?

XRP is currently in a bear market, and the video discusses potential price movements and the outlook for the next bullish market.

Bear Market Analysis

On the daily timeframe, XRP is in a potential five-wave corrective move. A break above 67.5 cents is needed to avoid further corrective action to the downside. The existing bear market low sits at 28.686, but there is a risk of dropping lower. A death cross (50 EMA crossing below 200 EMA) is looming, indicating a potential downside move.

Bull Market Price Predictions

To break out of the bearish pattern, XRP needs a new local high above 93.3 or 93.8. In the next bullish market, conservative projections suggest XRP may reach 5.57 to 11.21 cents.

Other Considerations

Conclusion

The most realistic target for XRP in the next bullish market seems to be 5.57 cents based on current patterns and behavior within the market.

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