{"id":546394,"date":"2023-08-09T11:15:36","date_gmt":"2023-08-09T11:15:36","guid":{"rendered":"https:\/\/wncen.com\/?p=546394"},"modified":"2024-06-11T08:58:39","modified_gmt":"2024-06-11T08:58:39","slug":"xrp-to-hit-21-by-2025-analyst","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-to-hit-21-by-2025-analyst\/","title":{"rendered":"XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 – Analyst"},"content":{"rendered":"

XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. Crypto analyst CoinsKid has highlighted the potential for a significant price surge if XRP manages to overcome a crucial technical barrier.\u00a0<\/span><\/p>\n

The concept at play here is the so-called <\/span>Fibonacci retracement level<\/span><\/a>, a powerful tool used by traders to identify potential price reversals and continuations in financial markets.<\/span><\/p>\n

Related Reading: Can Litecoin Bulls Turn The Tide On Recent Declines? A Closer Look<\/a><\/div>\n

In the context of cryptocurrency trading, these levels are drawn on a price chart to highlight potential support and resistance levels. They are calculated based on percentages derived from the Fibonacci sequence, with the 78.6% retracement level considered a significant threshold.\u00a0<\/span><\/p>\n

If a cryptocurrency like XRP manages to breach this level, it often signals a substantial shift in market sentiment.<\/span><\/p>\n

<\/iframe><\/div>\n

CoinsKid Predicts XRP’s Potential Trajectory<\/strong><\/h2>\n

CoinsKid recently provided a comprehensive analysis of XRP’s price action. In a detailed <\/span>video on his YouTube channel<\/span><\/a>, he emphasized the significance of a corrective phase for the cryptocurrency.\u00a0<\/span><\/p>\n

According to CoinsKid’s analysis, once XRP completes this correction and successfully surpasses the 78.6% Fibonacci retracement level, currently situated at $1.30, a substantial buying opportunity may arise. <\/span><\/p>\n

This development, he speculates, could pave the way for an ambitious price target of $21 by the year 2025.<\/span><\/p>\n

Related Reading: Is Curve DAO (CRV) Price On Track To Reach Or Exceed $1 This Month?<\/a><\/div>\n

Is XRP In For A Listing Surprise?<\/strong><\/h2>\n

Meanwhile, Gemini, a reputable cryptocurrency exchange founded by the Winklevoss twins, has stoked the fires of speculation with a cryptic tweet hinting at a potential XRP-related announcement.\u00a0<\/span><\/p>\n

The crypto exchange <\/span>posted on Twitter<\/span><\/a>:<\/p>\n

\n

Me, the intern, patiently waiting for @Gemini<\/a> to list XRP.
\n(i want some) pic.twitter.com\/I7r7QBjYKR<\/a><\/p>\n

\u2014 Gemini (@Gemini) August 7, 2023<\/a><\/p><\/blockquote>\n

While the exact nature of this announcement remains shrouded in mystery, such teases from established exchanges often provoke market interest and excitement.<\/span><\/p>\n

As of the latest update, XRP is trading at approximately $0.639893, according to <\/span>CoinGecko<\/span><\/a>. The past 24 hours have witnessed a modest 3.4% rally, signaling potential short-term momentum. However, over the past week, XRP has faced a slight setback, experiencing an 8.7% decline in its value.<\/span><\/p>\n

<\/p>\n

XRP market cap reached $33.9 billion today. Chart: TradingView.com<\/a><\/pre>\n
These price dynamics underscore the volatile nature of the cryptocurrency market, emphasizing the importance of robust analysis and well-informed trading decisions.<\/span><\/p>\n
The cryptocurrency community finds itself at an intriguing juncture with XRP, as technical analysis and market dynamics converge. CoinsKid’s insights regarding the Fibonacci retracement level offer a roadmap for potential price movements, while Gemini’s enigmatic tweet fuels speculation about future developments.\u00a0<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from Smartereum<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. Crypto analyst CoinsKid has highlighted the potential for a significant price surge if XRP manages to overcome a crucial technical barrier.\u00a0 The concept at play here is the so-called Fibonacci retracement level, a powerful tool used by traders to identify potential price reversals and continuations in financial markets. Related Reading: Can Litecoin Bulls Turn The Tide On Recent Declines? A Closer Look In the context of cryptocurrency trading, these levels are drawn on a price chart to highlight potential support and resistance levels. They are calculated based on percentages derived from the Fibonacci sequence, with the 78.6% retracement level considered a significant threshold.\u00a0 If a cryptocurrency like XRP manages to breach this level, it often signals a substantial shift in market sentiment. CoinsKid Predicts XRP’s Potential Trajectory CoinsKid recently provided a comprehensive analysis of XRP’s price action. In a detailed video on his YouTube channel, he emphasized the significance of a corrective phase for the cryptocurrency.\u00a0 According to CoinsKid’s analysis, once XRP completes this correction and successfully surpasses the 78.6% Fibonacci retracement level, currently situated at $1.30, a substantial buying opportunity may arise. This development, he speculates, could pave the way for an ambitious price target of $21 by the year 2025. Related Reading: Is Curve DAO (CRV) Price On Track To Reach Or Exceed $1 This Month? Is XRP In For A Listing Surprise? Meanwhile, Gemini, a reputable cryptocurrency exchange founded by the Winklevoss twins, has stoked the fires of speculation with a cryptic tweet hinting at a potential XRP-related announcement.\u00a0 The crypto exchange posted on Twitter: Me, the intern, patiently waiting for @Gemini to list XRP. (i want some) pic.twitter.com\/I7r7QBjYKR \u2014 Gemini (@Gemini) August 7, 2023 While the exact nature of this announcement remains shrouded in mystery, such teases from established exchanges often provoke market interest and excitement. As of the latest update, XRP is trading at approximately $0.639893, according to CoinGecko. The past 24 hours have witnessed a modest 3.4% rally, signaling potential short-term momentum. However, over the past week, XRP has faced a slight setback, experiencing an 8.7% decline in its value. XRP market cap reached $33.9 billion today. Chart: TradingView.com These price dynamics underscore the volatile nature of the cryptocurrency market, emphasizing the importance of robust analysis and well-informed trading decisions. The cryptocurrency community finds itself at an intriguing juncture with XRP, as technical analysis and market dynamics converge. CoinsKid’s insights regarding the Fibonacci retracement level offer a roadmap for potential price movements, while Gemini’s enigmatic tweet fuels speculation about future developments.\u00a0 (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Smartereum<\/p>\n","protected":false},"author":557,"featured_media":546402,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[142,1144,8686,4735,13172],"class_list":["post-546394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-altcoins","tag-btcusd","tag-ethusd","tag-price-action","tag-xrp-price"],"acf":[],"yoast_head":"\nXRP: Breaking This Resistance Could Propel It To $21 - Analyst<\/title>\n<meta name=\"description\" content=\"XRP is capturing the attention of traders and investors as it approaches a critical juncture on the price charts. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 – Analyst","url":"http:\/\/wncen.com\/news\/xrp-to-hit-21-by-2025-analyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/xrp-to-hit-21-by-2025-analyst\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-38.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-38.png?fit=591%2C296"},"articleSection":"All","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","ethusd","price action","xrp price"],"dateCreated":"2023-08-09T11:15:36Z","datePublished":"2023-08-09T11:15:36Z","dateModified":"2024-06-11T08:58:39Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price: Breaking This Key Resistance Could Propel Crypto To $21 By 2025 – Analyst\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-to-hit-21-by-2025-analyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-to-hit-21-by-2025-analyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-38.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-38.png?fit=591%2C296\"},\"articleSection\":\"All\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"ethusd\",\"price action\",\"xrp price\"],\"dateCreated\":\"2023-08-09T11:15:36Z\",\"datePublished\":\"2023-08-09T11:15:36Z\",\"dateModified\":\"2024-06-11T08:58:39Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-38.png?fit=591%2C296","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546394"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=546394"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/546394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/546402"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=546394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=546394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=546394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}