Last Chance to Buy XRP Before Expected Rally
Analyst Vandell Aljarrah warns that September could be the last chance to buy XRP at discounted levels. XRP has consolidated around $2.80 after falling as low as $2.69 last month. This mirrors Bitcoin’s 11% drop from its August peak, which briefly traded above $124,000 before slipping to $110,800. Bullish analysts highlight strong support at $2.70 and resistance breakout at $2.90 as triggers for a rebound. Using indicators like Fibonacci retracements and Elliott Wave theory, projections range from $3.70 to $5.00 in the near term and up to $46 long term. Whale accumulation and key moving averages also suggest a market bottom may be in place. While some traders remain skeptical, the convergence of technical signals could drive buying pressure. This window to buy XRP may close if prices break support levels, so traders should watch these key thresholds closely.
Bullish
The article highlights multiple bullish signals for XRP, including strong support levels at $2.70, resistance breakout at $2.90, whale accumulation, and positive technical indicators like Fibonacci retracement and Elliott Wave projections. Analysts project near-term targets above $3.70 and long-term gains up to 1,500%. Similar consolidation phases preceded past rallies, suggesting a potential breakout could attract significant buying. These factors point to increased demand and upward momentum, making the outlook bullish for both short-term trades and longer-term positions.