{"id":572967,"date":"2024-02-02T20:00:03","date_gmt":"2024-02-02T20:00:03","guid":{"rendered":"https:\/\/wncen.com\/?p=572967"},"modified":"2024-06-11T08:12:16","modified_gmt":"2024-06-11T08:12:16","slug":"xrp-price-rally-to-22","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-rally-to-22\/","title":{"rendered":"XRP Dips Are For Buying: Analyst Predicts Price Rally To $22"},"content":{"rendered":"

Despite the <\/span>XRP price’s recent decline<\/span><\/a>, Crypto analyst <\/span>Egrag Crypto<\/span><\/a> has provided a reason to believe that this presents the perfect opportunity to accumulate more of the token rather than lose conviction in its potential.\u00a0<\/span><\/p>\n

XRP On Its Way To $22 Soon?<\/h2>\n

Egrag recently hinted in an X (formerly Twitter) <\/span>post<\/span><\/a> that XRP could rise to $22 soon enough. The accompanying chart he shared showed that the crypto token will hit this price level if it follows the green route, which the analyst has constantly alluded to. In an <\/span>X post<\/span><\/a> made last year, Egrag suggested that <\/span>XRP could hit $22<\/span><\/a> in July this year if the green route were followed.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen<\/a><\/div>\n

Meanwhile, in his more recent analysis, he also touched on a <\/span>Symmetrical Triangle<\/span><\/a> that was currently forming. According to Egrag, XRP price dips are buying opportunities as long as the crypto token maintains its Symmetrical Triangle Formation. Interestingly, crypto analyst Jaydee also recently mentioned this <\/span>bullish pattern<\/span><\/a>.\u00a0<\/span><\/p>\n

However, in his analysis, Jaydee <\/span>stated<\/span><\/a> that the Symmetrical Triangle had already formed on the monthly chart. This chart pattern is significant as it is said to have been the trigger for XRP\u2019s parabolic move back in 2017 when it recorded gains of over 30,000%.\u00a0<\/span><\/p>\n

Following the formation of this pattern, the analyst expects the MACD (<\/span>Moving Average Convergence Divergence<\/span><\/a>) to cross zero in the coming months, with the parabolic move coming after. The accompanying chart that Jaydee shared suggested that XRP could rise well above $12 when this move to the upside occurs.\u00a0<\/span><\/p>\n

\"XRP<\/p>\n

Token price establishes support at $0.5 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
The Wave 2 Analysis<\/h2>\n
In his most recent <\/span>X post<\/span><\/a>, Egrag analyzed XRP\u2019s current price movement. The analyst believes that XRP\u2019s Wave 2 correction will follow a regular pattern and expects that the <\/span>corrective Wave C <\/span><\/a>won\u2019t dip below $0.41. However, if that doesn\u2019t happen, he noted that there is the possibility of Wave C <\/span>dropping to between $0.35 and $0.40<\/span><\/a>.\u00a0<\/span><\/p>\n
Related Reading: Here Are The Largest Institutional Buyers Of Bitcoin This Week<\/a><\/div>\n
He went on to state that XRP staying above the $0.28 level is very key from a macro standpoint. XRP dropping to that will no doubt paint a very bearish outlook for the crypto token. Whatever happens, Egrag remains bullish on XRP as he called on <\/span>XRP holders<\/span><\/a> to get ready for the \u201cbig mega boom coming soon.\u201d<\/span><\/p>\n
In his opinion, there would be a life-changing opportunity for the XRP community between now and 2025. Considering that the analyst had already predicted <\/span>XRP to hit $5 in 90 days<\/span><\/a>, this life-changing opportunity could well come sometime in April.<\/span><\/p>\n
At the time of writing, XRP is trading at around $0.50, up over 2% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.<\/span><\/p>\n
Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Despite the XRP price’s recent decline, Crypto analyst Egrag Crypto has provided a reason to believe that this presents the perfect opportunity to accumulate more of the token rather than lose conviction in its potential.\u00a0 XRP On Its Way To $22 Soon? Egrag recently hinted in an X (formerly Twitter) post that XRP could rise to $22 soon enough. The accompanying chart he shared showed that the crypto token will hit this price level if it follows the green route, which the analyst has constantly alluded to. In an X post made last year, Egrag suggested that XRP could hit $22 in July this year if the green route were followed.\u00a0 Related Reading: Bitcoin To $5 Million? S2F Model Predicts When This Will Happen Meanwhile, in his more recent analysis, he also touched on a Symmetrical Triangle that was currently forming. According to Egrag, XRP price dips are buying opportunities as long as the crypto token maintains its Symmetrical Triangle Formation. Interestingly, crypto analyst Jaydee also recently mentioned this bullish pattern.\u00a0 However, in his analysis, Jaydee stated that the Symmetrical Triangle had already formed on the monthly chart. This chart pattern is significant as it is said to have been the trigger for XRP\u2019s parabolic move back in 2017 when it recorded gains of over 30,000%.\u00a0 Following the formation of this pattern, the analyst expects the MACD (Moving Average Convergence Divergence) to cross zero in the coming months, with the parabolic move coming after. The accompanying chart that Jaydee shared suggested that XRP could rise well above $12 when this move to the upside occurs.\u00a0 Token price establishes support at $0.5 | Source: XRPUSD on Tradingview.com The Wave 2 Analysis In his most recent X post, Egrag analyzed XRP\u2019s current price movement. The analyst believes that XRP\u2019s Wave 2 correction will follow a regular pattern and expects that the corrective Wave C won\u2019t dip below $0.41. However, if that doesn\u2019t happen, he noted that there is the possibility of Wave C dropping to between $0.35 and $0.40.\u00a0 Related Reading: Here Are The Largest Institutional Buyers Of Bitcoin This Week He went on to state that XRP staying above the $0.28 level is very key from a macro standpoint. XRP dropping to that will no doubt paint a very bearish outlook for the crypto token. Whatever happens, Egrag remains bullish on XRP as he called on XRP holders to get ready for the \u201cbig mega boom coming soon.\u201d In his opinion, there would be a life-changing opportunity for the XRP community between now and 2025. Considering that the analyst had already predicted XRP to hit $5 in 90 days, this life-changing opportunity could well come sometime in April. At the time of writing, XRP is trading at around $0.50, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":572973,"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":[167,6664,26263,14690,3680,17209,4531,91479,83637,13172,16289,10972,78763],"class_list":["post-572967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-22","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Dips Are For Buying: Analyst Predicts Price Rally To $22<\/title>\n<meta name=\"description\" content=\"Despite the XRP price's recent decline, Crypto analyst Egrag Crypto believes that this presents the perfect 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Dips Are For Buying: Analyst Predicts Price Rally To $22","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-rally-to-22\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-rally-to-22\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP-price.jpeg?resize=200%2C194","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP-price.jpeg?fit=259%2C194"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","ripple","ripple news","xrp","xrp $22","xrp news","xrp price","xrp price prediction","xrpusd","xrpusdt"],"dateCreated":"2024-02-02T20:00:03Z","datePublished":"2024-02-02T20:00:03Z","dateModified":"2024-06-11T08:12:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Dips Are For Buying: Analyst Predicts Price Rally To $22\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-rally-to-22\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-rally-to-22\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/XRP-price.jpeg?resize=200%2C194\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/XRP-price.jpeg?fit=259%2C194\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp $22\",\"xrp news\",\"xrp price\",\"xrp price prediction\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-02-02T20:00:03Z\",\"datePublished\":\"2024-02-02T20:00:03Z\",\"dateModified\":\"2024-06-11T08:12:16Z\"}<\/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\/2024\/02\/XRP-price.jpeg?fit=259%2C194","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572967"}],"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\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=572967"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/572967\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/572973"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=572967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=572967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=572967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}