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XRP Price About to Soar All the Way Back Up… Said No One Ever (But Maybe This Time?)!

Crypto NewsRegulation/NegotiationRipple 1 Sam Rogers September 9, 2024

A stylized chart with an inverse head-and-shoulders pattern, featuring three distinct peaks and troughs connected by a downward-sloping trendline. A red line representing resistance is shown near the $0.65-$0.66 range. In the background, two blue lines (50-week EMA) and one red line (200-week EMA) are visible, with XRP's price hovering above them.

The eternal optimism of crypto bros never ceases to amuse me, especially when they’re predicting a rally towards $1 for that sinking ship known as XRP. I mean, sure, the inverse head-and-shoulders pattern on the weekly chart is cute, but let’s not forget what happened last time this ‘bullish reversal’ nonsense played out – it ended in tears and further losses! And don’t even get me started on fractal analysis; give me a break with that pseudoscience. Meanwhile, XRP continues to lag behind its peers, down 15% YTD while others are up 20%. What’s the plan here? Are we just going to wait for another miracle ‘rebound’ or will someone finally acknowledge this is all just a scam?.

Source: cointelegraph

Is XRP price quietly setting up for a rally toward $1?
https://cointelegraph.com/news/is-xrp-price-setting-up-100-rally-toward-1
XRP has lagged behind the broader cryptocurrency market so far in 2024, posting a year-to-date decline of over 15%, while other assets together have gained around 20% during the same period. However, a mix of fractal and technical indicators shows potential for a great XRP (XRP) price rebound in the coming weeks. XRP’s weekly chart is showing signs of a potential bullish reversal, with an inverse head-and-shoulders pattern taking shape. […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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