Altcoin XRP Heads Towards a Critical Retest at $2.04 Support, Ripple’s Asset Highly Bullish
- Altcoin XRP heads towards a critical retest at $2.04 support.
- This suggests that Ripple’s asset could surge in a highly bullish manner.
- New ATH targets for XRP set between $7 and $10.
With the prices of Bitcoin (BTC) and Ethereum (ETH) trading at higher prices once again, bullish hope is being ignited across the crypto community. So far, Bitcoin and Ethereum’s rising prices have led to greater hope for altcoin prices to rally and trigger altseason in the coming months. Altcoin XRP heads towards a critical retest at $2.04 support. Ripple’s asset remains highly bullish.
Altcoin XRP Heads Towards a Critical Retest at $2.04
In the past 48 hours, the price of Bitcoin and Ethereum has remained in a steady and hopefully bullish phase. In particular, the price of BTC has been trading between the $92,000 and $94,000 price range, while the price of ETH has been trading over the $3,000 price range. With both the pioneer crypto asset and the pioneer altcoin asset trading at higher prices, altcoin price pump expectations grow stronger too.
At the moment, several promising altcoins are showing bullish signs for parabolic price pumps over the coming weeks and months ahead. Some of these bullish altcoins include Cardano’s ADA, Litecoin, and Ripple’s XRP, to name a few. In particular, ADA and XRP have been gaining a lot of attention from altcoin traders and financial experts due to the incredible amount of success the blockchains have been celebrating.
Ripple’s Asset Remains Highly Bullish
To highlight, the Cardano ecosystem has hit many milestones so far, with both the network and its CEO passing personal audits with raging success. The project has also undergone several powerful upgrades and closed many bullish partnerships as well. As for Ripple and XRP, its win against the SEC still reigns supreme. The success of both these assets has left traders waiting for their altcoins to hit new ATH prices.
As we can see from the post above, this popular crypto trader, analyst, and XRP enthusiast states that XRP is heading towards a critical retest at $2.04 support. The analyst says that XRP has shown some bullish momentum after bouncing off a .618 local retracement, opening up a bullish scenario. She states that the next test at $2.04 will decide way the price will go from here.
The analyst expects one of 2 scenarios, the first being a bullish new trend where XRP could break above $2.41 resistance and push toward $2.65, confirming a new bullish wave structure is forming. That move would strongly suggest the macro low is already behind us, with targets toward $7 – $10 highs. The second scenario is a bearish 0.618 support test: If $2.04 fails to hold, XRP would likely head toward $1.64, completing the full macro 0.618 retracement before launching into the macro Wave 3. The post concludes by saying that this next $2.04 test is the decision point.
