CRYPTOCURENCCYDAILY NEWSDIGITAL CURRENCYHOT NEWSXRP

Crypto Analyst Predicts XRP Price to Hit US$7.5 Before 2025

NewYork – A crypto analyst has made a bold prediction of a significant price spike for the price of XRP, with a target of reaching US$7.5 even though it is currently still trading below US$1.

This ambitious projection, if realized, would set a new record high for XRP and end a multi-year downward trend.

XRP Towards Target Price of US$7.5
On Monday (10/6/2024), a crypto analyst known as Egrag Crypto shared his bullish projections about the price of XRP in X.

According to the analyst, XRP is expected to reach the critical target level of US$7.5 before the start of 2025. He believes that the XRP price has the potential to break through the White Triangle pattern and achieve a measured move at US$1.5, which would initiate a strong but short-lived upward momentum.

Bitcoinist reports that, Egrag Crypto has shared a chart of XRP’s price movement from 2020 to 2026, which depicts a unique triangle pattern that emphasizes the critical 1.618 Fibonacci zone, ranging from US$6.5 to US$7.5.

The analyst highlighted that this 1.618 Fibonacci zone is a key resistance area, making it a prime opportunity to take profits for investors.

Significance of Fibonacci Levels

Fibonacci levels play an important role in technical analysis, often indicating potential reversal points in market trends. Egrag Crypto’s emphasis on the 1.618 zone emphasizes the importance of this range in predicting a potential price spike for this crypto.

Given the current price of XRP, a rise to new record highs may seem far away for most investors who have consistently experienced long-term price stagnation of this cryptocurrency.

However, Eggrag Crypto’s bullish projections provide hope for XRP supporters anticipating a potential increase in its price.

Inviting XRP Investors to Be Patient

Egrag Crypto urges the XRP community to remain calm and patient, stressing that its price spike will likely follow the rise of other major cryptos in the market.

“Believe me, all we need is for other coins to rise before XRP. The rotational gains will flow 100 percent to

Looking further ahead, Egrag Crypto is also projecting double-digit gains for XRP.

He revealed that if XRP manages to close each week above the 1.618 Fibonacci level, the cryptocurrency could see new price targets at the 2.414 and 2.618 Fibonacci levels. These levels indicate a potential bullish surge between US$25 to US$45.

Despite Eggrag Crypto’s bullish outlook on the price of XRP during this cycle, the price of the cryptocurrency is still continuing to decline. XRP performed disappointingly, registering a decline of 2.15 percent in the last 24 hours.

This cryptocurrency has been consolidating around the price of US$0.5 for years. At one point this year, the price even rose as high as US$0.6, witnessing gains as crypto market volatility eased slightly.

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

rtp sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

sukmabola

kesawanbola

bolabareng

pelangicasino

juragancasino