HomeCryptocurrencyXRP Army Shares Targets As Expert Outlines Path to $1.80

XRP Army Shares Targets As Expert Outlines Path to $1.80

XRP has returned to a level that traders have watched closely for months. Crypto YouTuber and analyst Crypto Rover (@cryptorover) posted a chart highlighting a key price threshold, arguing that reclaiming $1.55 would set the stage for a move toward $1.80.

He asked the community what price they expect the asset to reach, and the post drew significant engagement with price targets ranging from cautious to aggressive.

The Community Weighs In

Responses to the post covered a wide range of expectations. Several traders focused on $1.55, a level Crypto Rover has highlighted multiple times, as the immediate priority. One said $1.55 needs to hold before any further discussion is worth having. Another said reclaiming $1.55 on volume is the critical factor, and that rejection of that level keeps the bearish pressure intact.

One commenter said reclaiming and sustaining $1.55 with significant volume is the key first step, but that a move to $1.80 will likely face heavy supply near the August 22 high around $1.70. Another trader said the $1.55 reclaim looks clear and asked what level would invalidate the $1.80 idea on rejection. Another said he would be happy with $1.55 holding first.

Additional Price Targets

Price targets beyond $1.80 varied widely. Some traders set conservative targets around $1.58 to $2. Others pushed higher, with targets of $4.50 and a range of $4.80 to $5.20. One trader said he already has a long position open with three take-profit levels.

One commenter said he is watching XRP from the sidelines until liquidity shifts. A more skeptical voice said XRP is going down to $1, and another set a target of $0.9.

What the Chart Shows

The daily chart shows a significant recovery from lows near $0.97. XRP surged sharply in late August, almost touching $1.70 before pulling back.

A falling wedge pattern formed through September and into October, with the asset compressing between lower highs and lower lows. It tested the $1.23 to $1.26 support zone, marked by a green zone on the chart, before bouncing. The 0.5 Fibonacci level sits at $1.2570, aligning closely with that support zone.

Two key resistance levels appear as red horizontal lines. The first sits at $1.54, the level Crypto Rover identifies as the trigger for a move to $1.80. The second sits near $1.77. A breakout above $1.55 with sustained volume would need to clear both zones before $1.80 becomes a realistic short-term target.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.


Follow us on X, Facebook, Telegram, and  Google News

Tobi Loba
Tobi Loba
Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.
RELATED ARTICLES

Latest News & Articles