Analyst says XRP may have formed a firm floor near $1, with upside to $27 by 2030

XRP’s rebound to $1.70 after briefly slipping below $1 appears to be part of a consolidation phase building an accumulation base for the next major price advance, cryptocurrency analyst ChartNerd said, according to The Crypto Basic. ChartNerd said XRP fell 73% from its $3.66 peak on July 3 last year to $0.978, then rebounded more than 72% from that low. Rather than triggering panic selling, the extended consolidation helped establish a floor around $1, ChartNerd said. XRP may retest the $1 area before a fuller rebound, but the long-term uptrend remains intact, and XRP could rise to between $8 and $27 by 2030, ChartNerd added.

Source: Coinness