**XRP Defends Key $2 Support as Analyst Predicts Major Upside**
XRP is showing resilience as it defends the critical $2 support level amid renewed buying pressure. After a volatile start to November, the fourth-largest cryptocurrency has stabilized above this key zone, igniting optimism across the XRP community. As of writing, XRP trades around $2.21.
According to CoinMarketCap data, XRP experienced a significant 25% increase in its 24-hour trading volume on November 5, highlighting renewed trading activity and accumulation in the $2 range.
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### Analyst Foresees Explosive Upside for XRP
Popular crypto analyst Egrag Crypto has suggested on X (formerly Twitter) that XRP could be on the verge of a historic breakout, provided it maintains levels above $1.94. Egrag describes the current price action as one of “the most powerful accumulation zones” seen in years.
Egrag outlines two major potential price targets for XRP:
– **$10 Target:** This is based on a measured move from a bull flag pattern. According to Egrag, investor patience during this accumulation phase could lead to significant gains.
– **$50 Target:** This longer-term projection references market symmetry. Egrag points out that just as Binance’s wick to $0.77 was eventually balanced out, Gemini’s spike to $50 in August could be “filled” in a future market cycle.
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### XRP Price Outlook: Can $3.20 Be Reached?
Technical indicators for XRP show mixed but encouraging signs:
– **Bollinger Bands** are widening, indicating growing volatility.
– The price is attempting to rebound from the lower band near $2.10.
– A fall below $1.94 would invalidate the current bullish setup and could trigger a retracement toward $1.60.
– The **RSI** is hovering near 35, suggesting mildly oversold conditions and the potential for a short-term bounce.
– If XRP closes sustainably above the mid Bollinger Band (20-day SMA) at $2.45, bullish momentum may resume.
– The **MACD histogram** is negative but flattening, indicating weakening bearish strength.
Traders should watch for resistance levels around $2.80 and $3.20 as potential profit-taking zones.
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### Maxi Doge Nears $4M Presale Milestone
While XRP maintains its support, a new meme coin is making waves. Maxi Doge (MAXI), a fitness-themed cryptocurrency combining the world of gym culture with the excitement of bull-market trading, is nearing the $4 million mark in its ongoing presale.
Last year saw several meme coins transform from obscurity into viral sensations, and many industry experts believe Maxi Doge could be the next big early-stage meme coin.
Billed as the meme coin with “more drive, muscle, and meme power” than any other, Maxi Doge seeks to revive the raw, underdog energy that launched Dogecoin (DOGE) to global fame in 2021. Unlike Dogecoin, which has since taken on a more corporate identity, Maxi Doge aims to recapture the original community-driven spirit with added strong fundamentals.
MAXI holders benefit from a highly active community, including high-energy trading discussions, weekly contests, and themed challenges. The Maxi Fund supports liquidity and strategic partnerships, while early investors enjoy a generous 78% annual staking reward to encourage long-term participation.
#### Maxi Doge Presale Snapshot
– **Ticker:** MAXI
– **Current Price:** $0.0002665
– **Funds Raised:** $3.9 million
Those interested in participating can find a step-by-step guide on how to buy Maxi Doge on the official presale page.
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**Disclaimer:** Coinspeaker is committed to providing unbiased and transparent reporting. This article delivers accurate and timely information but should not be taken as financial or investment advice. Market conditions can change rapidly; please verify information independently and consult with a professional before making any investment decisions.
https://bitcoinethereumnews.com/crypto/crypto-chartist-predicts-historic-breakout-for-xrp/