{"id":553240,"date":"2023-09-28T07:50:01","date_gmt":"2023-09-28T07:50:01","guid":{"rendered":"https:\/\/wncen.com\/?p=553240"},"modified":"2024-06-11T08:02:41","modified_gmt":"2024-06-11T08:02:41","slug":"xrp-skyrocket-crypto-analyst-1160-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-skyrocket-crypto-analyst-1160-surge\/","title":{"rendered":"XRP Price Set To Skyrocket: Crypto Analyst Predicts 1160% Surge Ahead"},"content":{"rendered":"

In a follow-up to his previous intricate analysis, renowned crypto analyst EGRAG CRYPTO has unveiled another riveting forecast for the XRP price trajectory. Drawing insights from his recent observations, Egrag points to a potential mammoth rise in XRP’s value, suggesting an impressive increase of 1,160%.<\/p>\n

This surge, he predicts<\/a>, could elevate the digital asset’s price to an estimated $6.7, with possible fluctuations placing it within a range of $6.5 to $7.<\/p>\n

Here’s Why A 1,160% Move For XRP Seems Possible<\/h2>\n

The genesis of this bold prediction lies in Egrag’s methodical approach to analyzing past price surges in XRP. Delving into the historical data, he assessed significant price jumps, specifically focusing on those candles that showcased a remarkable price increase of at least 300% in a single candle in the 4-month chart.<\/p>\n

Related Reading: XRP Price At Risk? SEC Chair\u2019s Congressional Testimony Fuels Ripple\u2019s Legal Battle<\/a><\/div>\n

The analyst found a total of six parabolic price spikes in the history of XRP that met this requirement. According to him, XRP recorded increases of 1,050%, 530%, 2,222%, 740%, 1,577%, and 841% within four months in the past. Through an average of these significant price moves, Egrag arrived at a potential 1,160% surge.<\/p>\n

Adding more weight to this forecast, he aligned this prediction with the Fibonacci extension level of 1.618. This is utilized to pinpoint potential resistance levels surpassing the swing high.\u00a0Using the Fibonacci extension level, the analyst concludes that both indicators predict a similar price range.<\/p>\n

“This leads us to a tantalizing price prediction of $6.7, nestled within the range of $6.5 to $7. This prediction aligns beautifully with the Fib 1.618 level at $6.5,” the analyst concluded.<\/p>\n

\"XRP
XRP price prediction, 4-month chart | Source: X @egragcrypto<\/figcaption><\/figure>\n

A Steel Foundation For XRP Price<\/h2>\n

In a foundational analysis preceding his latest forecast, EGRAG CRYPTO meticulously analyzed<\/a> XRP’s price movements over a 4-month chart yesterday. He unveiled critical insights that now serve as the backbone of his current predictions. This prior analysis was punctuated by the identification of two salient price zones, termed by Egrag as zone A and zone B.<\/p>\n

Zone A encapsulates a price range from $0.00485 to $0.02483, which predominantly spanned from 2013 until early 2017. Within this zone, Egrag highlighted a robust support band ranging from $0.00485 to $0.00596, which he aptly named the “steel foundation”. What is remarkable about this foundation is its resilience; the price consistently held this level even during pronounced market downturns.<\/p>\n

Related Reading: XRP Price Analysis: 4-Month Chart Dynamics Decoded By Crypto Analyst<\/a><\/div>\n

Zone B, on the other hand, spans a price spectrum from $0.25939 to $2.00. The steel foundation for this zone was identified between $0.25939 and $0.32630. This foundation has exhibited strong support characteristics since 2017. However, Egrag noted that the combination of a prolonged bear market and external elements like the SEC lawsuit<\/a>, momentarily nudged the price below this threshold.<\/p>\n

Furthermore, Egrag underscored that in the 4-month timeframe, XRP’s price never sealed a closing above the $2.00 mark. This observation is instrumental, as breaking this resistance could pave the way for XRP to approach its all-time high of $3.40, which it touched on January 7, 2018. According to the analyst, the $2 mark is the FOMO zone where investors will rush into buying XRP.<\/p>\n

At press time, XRP remained in its sideways trend of the past four weeks, trading at $0.4956.<\/p>\n

\"XRP
XRP trades below trend line, 1-week chart | Source: XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In a follow-up to his previous intricate analysis, renowned crypto analyst EGRAG CRYPTO has unveiled another riveting forecast for the XRP price trajectory. Drawing insights from his recent observations, Egrag points to a potential mammoth rise in XRP’s value, suggesting an impressive increase of 1,160%. This surge, he predicts, could elevate the digital asset’s price to an estimated $6.7, with possible fluctuations placing it within a range of $6.5 to $7. Here’s Why A 1,160% Move For XRP Seems Possible The genesis of this bold prediction lies in Egrag’s methodical approach to analyzing past price surges in XRP. Delving into the historical data, he assessed significant price jumps, specifically focusing on those candles that showcased a remarkable price increase of at least 300% in a single candle in the 4-month chart. Related Reading: XRP Price At Risk? SEC Chair\u2019s Congressional Testimony Fuels Ripple\u2019s Legal Battle The analyst found a total of six parabolic price spikes in the history of XRP that met this requirement. According to him, XRP recorded increases of 1,050%, 530%, 2,222%, 740%, 1,577%, and 841% within four months in the past. Through an average of these significant price moves, Egrag arrived at a potential 1,160% surge. Adding more weight to this forecast, he aligned this prediction with the Fibonacci extension level of 1.618. This is utilized to pinpoint potential resistance levels surpassing the swing high.\u00a0Using the Fibonacci extension level, the analyst concludes that both indicators predict a similar price range. “This leads us to a tantalizing price prediction of $6.7, nestled within the range of $6.5 to $7. This prediction aligns beautifully with the Fib 1.618 level at $6.5,” the analyst concluded. A Steel Foundation For XRP Price In a foundational analysis preceding his latest forecast, EGRAG CRYPTO meticulously analyzed XRP’s price movements over a 4-month chart yesterday. He unveiled critical insights that now serve as the backbone of his current predictions. This prior analysis was punctuated by the identification of two salient price zones, termed by Egrag as zone A and zone B. Zone A encapsulates a price range from $0.00485 to $0.02483, which predominantly spanned from 2013 until early 2017. Within this zone, Egrag highlighted a robust support band ranging from $0.00485 to $0.00596, which he aptly named the “steel foundation”. What is remarkable about this foundation is its resilience; the price consistently held this level even during pronounced market downturns. Related Reading: XRP Price Analysis: 4-Month Chart Dynamics Decoded By Crypto Analyst Zone B, on the other hand, spans a price spectrum from $0.25939 to $2.00. The steel foundation for this zone was identified between $0.25939 and $0.32630. This foundation has exhibited strong support characteristics since 2017. However, Egrag noted that the combination of a prolonged bear market and external elements like the SEC lawsuit, momentarily nudged the price below this threshold. Furthermore, Egrag underscored that in the 4-month timeframe, XRP’s price never sealed a closing above the $2.00 mark. This observation is instrumental, as breaking this resistance could pave the way for XRP to approach its all-time high of $3.40, which it touched on January 7, 2018. According to the analyst, the $2 mark is the FOMO zone where investors will rush into buying XRP. At press time, XRP remained in its sideways trend of the past four weeks, trading at $0.4956. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":553243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,4531,13172,16289,10972],"class_list":["post-553240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd"],"acf":[],"yoast_head":"\nXRP Price Set To Skyrocket: Crypto Analyst Predicts 1160% Surge<\/title>\n<meta name=\"description\" content=\"Egrag Crypto points to a potential mammoth rise in the XRP price, suggesting an increase by an impressive 1,160%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Set To Skyrocket: Crypto Analyst Predicts 1160% Surge Ahead","url":"http:\/\/wncen.com\/news\/ripple\/xrp-skyrocket-crypto-analyst-1160-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-skyrocket-crypto-analyst-1160-surge\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_2095394119.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/09\/shutterstock_2095394119.jpg?fit=2800%2C1502"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrp price","xrp price prediction","xrpusd"],"dateCreated":"2023-09-28T07:50:01Z","datePublished":"2023-09-28T07:50:01Z","dateModified":"2024-06-11T08:02:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Set To Skyrocket: Crypto Analyst Predicts 1160% Surge Ahead\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-skyrocket-crypto-analyst-1160-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-skyrocket-crypto-analyst-1160-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/shutterstock_2095394119.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/shutterstock_2095394119.jpg?fit=2800%2C1502\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrp price\",\"xrp price prediction\",\"xrpusd\"],\"dateCreated\":\"2023-09-28T07:50:01Z\",\"datePublished\":\"2023-09-28T07:50:01Z\",\"dateModified\":\"2024-06-11T08:02:41Z\"}<\/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\/09\/shutterstock_2095394119.jpg?fit=2800%2C1502","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553240"}],"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\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=553240"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/553240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/553243"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=553240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=553240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=553240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}