Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>Analyst’ predicts XRP will soon be trading between $5 and $12 price levels.</li> 
 <li>In the short term, the altcoin has turned bearish with indicators indicating lower prices.</li> 
 <li>The 50 SMA dipped below the 200 EMA on the hourly chart, creating a ‘death cross.’</li> 
</ul> 
In the past 48 hours, XRP has experienced significant volatility with substantial liquidity extraction through what appears to be orchestrated pumps and dumps, catching some traders off guard, highlighted analyst and YouTuber “Cheeky Crypto” in a video. 
The one-hour chart for XRP reveals significant price fluctuations and between Sunday at 22:00 UTC and Monday 11:00 UTC, XRP climbed by approximately 6.29%, only to reverse course with a sharp 4.21% drop shortly after. This erratic movement has led to a rapid depletion of long positions, followed by a similar impact on short positions as the price rebounded, <a href="https://www.youtube.com/watch?v=3icOkjMwMQM" target="_blank" rel="nofollow">pointed out</a> Cheeky Crypto in the video. 
On the hourly chart, XRP is currently facing resistance at the convergence of the 200-hour EMA, 50-hour EMA, and 50-hour SMA. A “death cross,” where the 50 SMA dipped below the 200 EMA, occurred early Monday morning, triggering further downward pressure. 
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The post <a href="https://coinedition.com/xrp-is-gearing-for-a-move-towards-5-analyst-says/">XRP is Gearing for a Move Towards $5: Analyst Says</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP is Gearing for a Move Towards $5: Analyst Says

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