XRP Surges
To $1.84 What
Next To Expect?
XRP Surges To $1.84 What Next To Expect?
by Semilore Faleti
2 hours ago
in XRP
0
Following a week-long period of sideways movement, XRP has resumed its bullish
trajectory gaining by 19.81% on Friday to reach a local peak of $1.84. During
this price rally, market shares of the prominent altcoin rose to $104.96
billion, as it became the fifth-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта brushing past Binance
Coin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Binance (BNB).
Related Reading: Ripple CEO Reacts To Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s Billionaire Treasury Secretary
Nominee
XRP Set To Reach $5, But Major Correction Awaits Analyst
Amidst the high bullish sentiments in the XRP community, renowned analyst
EGRAG Crypto has painted a potential price trajectory for the altcoin.
According to EGRAG Crypto, if XRP s current price gain is to mirror a
previous pattern from 2017 where it experienced a major increase of over
1273%, the crypto asset is likely to trade as high as $5.2 $5.3.
This prediction rallies with previous forecasts by analysts where the altcoin
is tipped to reproduce its first major price explosion recorded in early 2017,
following a 200% price surge in the last month. However, EGRAG s version
of this bullish prediction warns that XRP is likely to experience a 63% price
decline following an ascent to above $5.
Albeit, the analyst highlights that this potential price fall to around
$1.94-$1.96, a price range that is higher than the coin’s all-time high
recorded in 2021 suggesting much possibility of a massive price rally in the
coming bull run.
Nevertheless, EGRAG also warns that while XRP’s current price action is
similar to 2017-2018, the timeline of the anticipated price surge will likely
change. The analyst explains in a “SPACETIME thesis” that the digital coin may
experience a similar level of percentage price gain but not within the same
time frame as previously seen. Source: EGRAG CRYPTO on X
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Czar’ Position
XRP Price Overview
At the time of writing, XRP trades at $1.84 reflecting a 19.81% gain as
earlier stated. The token’s daily trading volume is also up by 143.48%
indicating a high level of market interest.
In regards to short-term price movements, XRP has recently surpassed a major
resistance zone at $1.76 setting the stage for a potential rally to the
token’s current all-time high of $3.84.
This price trajectory seems quite plausible considering the consistently
heightened bullish sentiments around the fifth-largest crypto asset following
recent developments.
For example, former chairman of the US Commodities Futures and Trading
Commission (CFTC) Chris Giancarlo has recently suggested the US Securities and
Exchange Commission (SEC) is likely to drop its lawsuit against Ripple in line
with the pro-crypto policy of US President• Соединённые Штаты Америки (США) » Политика США » Политики США » Президент США
• Соединённые Штаты Америки (США) » Государственное устройство США » Президент США
• Политика » Политика США » Политики США » Президент США
• Государство » Государственное устройство США » Президент США-elect Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд.
Developments such as this in addition to a potential spot ETF are likely to
boost the demand for XRP as the crypto bull run prepares to take off. XRP
trading at $1.8369 on the daily chart | Source: Tradingview.com
Featured image from Nairametrics, chart from Tradingview.com