Altcoin
Analyst Reveals The Next Crucial Targets For XRP
Crypto analyst CasiTrades has provided an update on her XRP price prediction, revealing the next crucial targets for the crypto. Other crypto analysts have also given potential price targets for XRP.
XRP Price Prediction: Targets To Watch Out For
In an X post, CasiTrades revealed $2.18 and $2.28 as the next crucial targets while providing an update on her XRP price prediction. this came as she noted that the plan was still unfolding just as expected.
Following the strong reaction at the midpoint at $2.30, CasiTrades remarked that XRP has now officially broken that level and heading towards $2.18 to complete subwave 3 of the E wave.
If the XRP eventually drops to $2.18, CasiTrades stated that she would be watching for a bounce back up for subwave 4 at $2.28, followed by the final move down to the bottom trendline.
Meanwhile, a recent CoinGape market analyst provided three reasons why the XRP price could witness a bullish reversal amid the DOJ’s potential $6.5 billion BTC sale.
One of these reasons is the fact that the bullish momentum remains strong. Major Banks like Japan’s SBI and Bank of America are also adopting XRP. Thirdly, a bull flag hints at an XRP rally to $15.
Price Correction Is Almost Over
While discussing his XRP price prediction, crypto analyst Dark Defender suggested that price correction is almost over. According to him, XRP is closer to finalizing the correction on smaller time frames, such as the 4-hour and daily charts.
The crypto analyst also remarked that XRP is moving similarly to the 2017 monthly pattern. While considering the RSI and multiple other indicators, Dark Defender added that XRP’s run has not yet been finalized and is still bullish regarding the weekly and monthly time frames.
Two Entries For XRP
Crypto analyst Ali Martinez stated that XRP offers two potential entries for market participants. He remarked that the first is the rising trendline of the pennant at $2.05. The second is the breakout outside of the pennant at $2.50.
Martinez added that regardless of the entry, the target for the coin remains $10. Amid these XRP price predictions, crypto analyst Mikybull Crypto has predicted a breakout to $3, which could pave the way to a new all-time high (ATH) for XRP.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: