XRP Price Face Major Resistance At $2.9, Why This Analyst Believes $20 Is Still Possible

This article discusses the bullish outlook for XRP despite the recent crypto market crash. Analyst ElmoX predicts that XRP could face resistance at $2.9 but has the potential to rally to as high as $20. The article outlines two scenarios for the price movement, with the analyst leaning towards a swift crash before a bullish reversal to a new all-time high.

Another analyst, CasiTrades, notes a bullish close for XRP, with the price reclaiming the consolidation range and showing signs of buyer support. The article highlights the importance of XRP holding support levels between $2 and $2.03 for a potential rally towards $2.25 and $2.70. However, a breakdown from consolidation could lead to further downside towards $1.90 or $1.54 levels.

At the time of writing, XRP is trading around $2.10, down over 4% in the last 24 hours. The article concludes with a chart showing XRP’s trading price and mentions the possibility of a price correction before a potential rally to $20.

Overall, the article provides insights from analysts on the potential price movements of XRP and the factors influencing its price action.