{"id":575987,"date":"2024-02-20T17:00:25","date_gmt":"2024-02-20T17:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=575987"},"modified":"2024-06-11T08:10:22","modified_gmt":"2024-06-11T08:10:22","slug":"xrp-price-will-rally-to-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-will-rally-to-2\/","title":{"rendered":"XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2"},"content":{"rendered":"

Several analysts continue to make bullish predictions for the XRP token despite its <\/span>lacklustre price action<\/span><\/a>. This time, <\/span>crypto analyst Dark Defender<\/span><\/a> has identified emerging patterns that suggest that XRP could rise to $2 soon.\u00a0<\/span><\/p>\n

The XRP Bull Run Is Here<\/h2>\n

Dark Defender mentioned in an X (formerly Twitter) post that the <\/span>RSI (Relative Strength Index)<\/span><\/a> for the XRP\/BTC pair in the weekly time frame \u201cstands in the same place as it did before the 2017 and 2021 XRP bull runs.\u201d Going by the RSI indicator, he affirmed that the <\/span>2024 bull run<\/span><\/a> is already here.\u00a0<\/span><\/p>\n

Related Reading: Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here\u2019s When<\/a><\/div>\n

\"XRP<\/p>\n

Source: X<\/pre>\n
From the accompanying chart which he shared, XRP hitting $2 looks to be just the starting point as the crypto token could still rise to as high as $12. This is also a possibility, considering that bull runs are known to bring new all-time highs (ATH) for different crypto tokens. XRP\u2019s ATH currently stands at $3.84, a milestone it hit at the peak of the 2017 bull run.\u00a0<\/span><\/p>\n
XRP\u2019s failure to surpass its ATH in the last bull run is <\/span>believed<\/span><\/a> to have been due to the regulatory uncertainty which handicapped the crypto token. However, having achieved <\/span>regulatory clarity<\/span><\/a>, XRP is <\/span>projected<\/span><\/a> to make a significant run this time around.\u00a0<\/span><\/p>\n
Interestingly, analysts like CryptoInsightUK have <\/span>hinted<\/span><\/a> at the token replicating a similar price surge to the one which occurred in 2017, when it saw a price gain of 61,000%. That price surge in 2017 is also serving as the basis for crypto analyst Egrag Crypto\u2019s prediction that XRP could rise to as <\/span>high as $27<\/span><\/a> in the next bull run.\u00a0<\/span><\/p>\n
XRP\u2019s Road To $27<\/h2>\n
Crypto analyst Egrag Crypto<\/span><\/a> recently <\/span>gave<\/span><\/a> an update on XRP\u2019s current price action and further revealed how the crypto token will rise to $27. Firstly, he noted that a bullish pattern had emerged, with XRP achieving multiple daily closes above FSRF (Fibonacci Speed Resistance Fan) 0.5, a level believed to represent significant support for the crypto token.\u00a0<\/span><\/p>\n
Related Reading: Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion<\/a><\/div>\n
With XRP holding above this level, the analyst hinted that it <\/span>could rise to almost $2<\/span><\/a> soon. Once that happens, Egrag expects XRP to continue the upward trend and eventually breach the $2 resistance area. He predicts that <\/span>FOMO (fear of missing out)<\/span><\/a> will kick in once XRP rises above $2, something which Egrag believes will propel the crypto token towards the $27 price target.\u00a0<\/span><\/p>\n
At the time of writing, XRP is trading at around $0.56, up over 1% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
\"XRP<\/p>\n
Price recovers from dips | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
Featured image from CoinGape, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Several analysts continue to make bullish predictions for the XRP token despite its lacklustre price action. This time, crypto analyst Dark Defender has identified emerging patterns that suggest that XRP could rise to $2 soon.\u00a0 The XRP Bull Run Is Here Dark Defender mentioned in an X (formerly Twitter) post that the RSI (Relative Strength Index) for the XRP\/BTC pair in the weekly time frame \u201cstands in the same place as it did before the 2017 and 2021 XRP bull runs.\u201d Going by the RSI indicator, he affirmed that the 2024 bull run is already here.\u00a0 Related Reading: Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here\u2019s When Source: X From the accompanying chart which he shared, XRP hitting $2 looks to be just the starting point as the crypto token could still rise to as high as $12. This is also a possibility, considering that bull runs are known to bring new all-time highs (ATH) for different crypto tokens. XRP\u2019s ATH currently stands at $3.84, a milestone it hit at the peak of the 2017 bull run.\u00a0 XRP\u2019s failure to surpass its ATH in the last bull run is believed to have been due to the regulatory uncertainty which handicapped the crypto token. However, having achieved regulatory clarity, XRP is projected to make a significant run this time around.\u00a0 Interestingly, analysts like CryptoInsightUK have hinted at the token replicating a similar price surge to the one which occurred in 2017, when it saw a price gain of 61,000%. That price surge in 2017 is also serving as the basis for crypto analyst Egrag Crypto\u2019s prediction that XRP could rise to as high as $27 in the next bull run.\u00a0 XRP\u2019s Road To $27 Crypto analyst Egrag Crypto recently gave an update on XRP\u2019s current price action and further revealed how the crypto token will rise to $27. Firstly, he noted that a bullish pattern had emerged, with XRP achieving multiple daily closes above FSRF (Fibonacci Speed Resistance Fan) 0.5, a level believed to represent significant support for the crypto token.\u00a0 Related Reading: Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion With XRP holding above this level, the analyst hinted that it could rise to almost $2 soon. Once that happens, Egrag expects XRP to continue the upward trend and eventually breach the $2 resistance area. He predicts that FOMO (fear of missing out) will kick in once XRP rises above $2, something which Egrag believes will propel the crypto token towards the $27 price target.\u00a0 At the time of writing, XRP is trading at around $0.56, up over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Price recovers from dips | Source: XRPUSD on Tradingview.com Featured image from CoinGape, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":576015,"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":[167,6664,26263,14690,3680,17209,4531,83637,13172,16289,10972,78763],"class_list":["post-575987","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-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2<\/title>\n<meta name=\"description\" content=\"Several analysts continue to make bullish predictions for the XRP token despite its lacklustre price action.\" \/>\n<meta name=\"robots\" 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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 Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2","url":"http:\/\/wncen.com\/news\/ripple\/xrp-price-will-rally-to-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/xrp-price-will-rally-to-2\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/02\/XRP.jpg?fit=1200%2C800"},"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 news","xrp price","xrp price prediction","xrpusd","xrpusdt"],"dateCreated":"2024-02-20T17:00:25Z","datePublished":"2024-02-20T17:00:25Z","dateModified":"2024-06-11T08:10:22Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-will-rally-to-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/xrp-price-will-rally-to-2\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/XRP.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/XRP.jpg?fit=1200%2C800\"},\"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 news\",\"xrp price\",\"xrp price prediction\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-02-20T17:00:25Z\",\"datePublished\":\"2024-02-20T17:00:25Z\",\"dateModified\":\"2024-06-11T08:10:22Z\"}<\/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.jpg?fit=1200%2C800","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/575987"}],"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=575987"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/575987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/576015"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=575987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=575987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=575987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}