Crypto
XRP Breaks Above $1, Analysts Clash Over Implications
XRP surged 15% overnight to $1.15, breaking back above the psychologically important $1 level it had been struggling with for weeks.
The move sparked a technical debate, with some analysts arguing that this is a bullish sign, while others see it as a short-term correction.
According to Dark Defender, the weekly chart has completed a 'triple dip,' supporting a bullish Wave 5 setup with targets at $5.8563 and $9.0362.
However, CasiTrades published a sharply different count just over a week earlier, projecting a fall to about $0.95, a bounce to $1.00-$1.04, and a final decline toward $0.85-$0.86.