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XRP News: Analyst Predicts a Required Dip Before a Surge to $10
According to Crypto Insight UK, a significant downturn is necessary before XRP can embark on a rally towards the elusive $10 mark. In a recent analysis, a British financial expert highlighted that XRP is poised for one final severe market correction due to unclaimed dense liquidity levels beneath its current price. This correction, he argues, must occur to unlock a bullish trajectory for the cryptocurrency.
XRP Needs One Last Flush
The analyst disclosed in a video that XRP’s price didn’t drop as low as anticipated, touching only the first major liquidity area without fully absorbing it. This partial claim leads him to anticipate further declines. He has strategically placed bids around $2.01 and $1.95, anticipating these levels will be tested when leveraged positions are unwound. Only after this crucial “final flush” does he foresee the potential for XRP’s price to climb towards $10.
Despite general strength across various assets, with silver and uranium nearing recent highs and the Nasdaq Composite close to its peak, the broader altcoin sector has yet to see a breakout. The analyst suggests that the entire crypto market, including XRP, requires another downturn to eliminate any lingering excess before it can advance.
External Factors and Market Dynamics
The narrative around macroeconomic and political events, such as recent tensions between Elon Musk and President Donald Trump, might be hastening the downward pressure on crypto prices. For Ethereum, the analyst notes a similar pattern where high open interest in futures could lead to a sharp rally if the $2,800 threshold is breached, potentially pushing prices towards previous highs.
For those interested in more detailed analyses and future predictions regarding XRP and other cryptocurrencies, visiting [Binance](https://www.binance.com/) can provide additional resources and trading opportunities.
Bitcoin’s Movement and Its Impact on XRP
Interestingly, Bitcoin has reached the liquidity zone preferred by the analyst, but its influence on XRP’s price dynamics might be more about timing rather than direct price action. A temporary increase in Bitcoin’s market dominance could signal the beginning of what the analyst calls a “crazy season” for altcoins, potentially catalyzing the next major rally for XRP.
He remains 80% certain that XRP’s price will dip further, despite his portfolio being heavily invested in the cryptocurrency. He maintains a bullish outlook long-term, predicting a significant upward movement once the current liquidity is adequately addressed. This would not only revisit but potentially exceed the 2021 high of $3.80, aiming for the $10 target.
At the time of this writing, XRP is trading at $2.17. For further updates on XRP and other financial news, consider visiting [Financier News](https://www.financier.news/).
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