Rob Art Sees Possible $0.65 Floor for XRP, Allocates 20% Budget
Rob Art, a trader heavily allocated to XRP at 50% of his portfolio, has shared a detailed analysis on his expectations for the token's price. According to him, there is a possible diagonal support level (white line) that could mark the bottom at roughly $0.65, which would represent a 39% decline from current levels. This setup is conditional and not a prediction of certainty.
The XRP/USD chart shows a long-term ascending trendline connecting major cycle lows since 2016. Each touch has marked a major bottom and preceded a big rally. The trendline has now survived three major tests across two full market cycles, with the next potential test at $0.65. However, this would require a significant decline in price.
It's worth noting that Rob Art is not guaranteeing a drop to $0.65 but rather positioning himself for a possible scenario if it occurs. He has allocated 15-20% of his budget for XRP on the side, waiting for the price to reach this level.