{"id":562766,"date":"2023-11-28T05:31:19","date_gmt":"2023-11-28T05:31:19","guid":{"rendered":"https:\/\/wncen.com\/?p=562766"},"modified":"2023-11-28T05:36:09","modified_gmt":"2023-11-28T05:36:09","slug":"xrp-market-drama-ups-downs-and-the-1-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-market-drama-ups-downs-and-the-1-horizon\/","title":{"rendered":"XRP Market Drama: Ups, Downs And The $3 Horizon – Experts Weigh In On The Future"},"content":{"rendered":"

XRP has taken investors on an exciting roller coaster ride this year, taking them on a trip through the highs and lows of the market.<\/p>\n

There have been a lot of ups and downs, from a small rise in March to a huge surge in July and another one in the middle of October. Even though this exciting adventure has ended, XRP<\/a> is now trading at a mere $0.59, a huge drop of 30% from its all-time high of $0.95.<\/p>\n

Related Reading: The Dogecoin Surge: Unveiling The Catalyst Behind Rising Transactions<\/a><\/div>\n

Despite this, the current trajectory of XRP showcases a prolonged consolidative pattern spanning multiple months, hinting at a potential windfall for patient investors.\u00a0For instance, a bullish head-and-shoulders setup is on the brink of completion, adding a positive dimension to the outlook.<\/p>\n

XRP: Buy The Dip?<\/strong><\/h2>\n

In the event that the XRP price maintains its upward momentum and successfully breaches resistance, the stage is set for a rapid and substantial rally to the upside, presenting a tantalizing opportunity for those positioned to capitalize on the potential gains.<\/p>\n

After looking at the current situation, it looks like XRP is definitely in the “buy the dip”<\/a> sector. If you think that XRP will continue to rise in value, buying some of the digital asset right now might seem like a great chance to make a lot of money. People who believe that XRP will go up in value over the long term see investing in it now as a good deal.<\/p>\n

<\/p>\n

XRP market cap currently at $32.2 billion. Chart: TradingView.com<\/a><\/pre>\n
Even in the face of the recent correction within the cryptocurrency market and the marginal dip in XRP’s price, certain analysts maintain an optimistic stance<\/a>, suggesting that Ripple’s coin is poised for a surge to unprecedented heights.<\/p>\n
\n
#XRP<\/a> The Train \ud83d\ude82Next Stops: $1.3-$3-$5.8-$27:<\/p>\n
\ud83d\udd0d Macro View:
\nReviving echoes from the 2017 surge, aiming for $27 feels like a plausible target. The markers at $3 and $5.8 stand as critical milestones, yet pushing to $6-$7 might come with some turbulence. These ambitious goals\u2026 https:\/\/t.co\/Aojv3sYmtG<\/a> pic.twitter.com\/c0RSHhlFnA<\/a><\/p>\n
\u2014 EGRAG CRYPTO (@egragcrypto) November 27, 2023<\/a><\/p><\/blockquote>\n
Notably, Twitter user EGRAG CRYPTO stands as an example, outlining the potential upcoming targets for the token, signaling a prevailing belief in the latent upward potential despite recent market fluctuations.<\/p>\n
EGRAG said that XRP could go up to $6 or $7 if it went above the “crucial milestones” of $3 and $5.80. Based on how it did during the 2017 bull run, the expert went on to say that he thought the token would explode to $27.<\/p>\n
In the current wave of market optimism, XRP is actively participating, driven by growing anticipation surrounding ETFs and witnessing the most substantial surge in inflows since late 2021.<\/p>\n
\"\"<\/p>\n
 <\/p>\n
Based on the latest report<\/a> from CoinShares, digital asset investment products saw an impressive $346 million influx in the previous week alone. Significantly, this marks the highest weekly inflow during a nine-week streak, sparked by heightened expectations of a spot-based ETF launch in the United States.<\/p>\n
Notably, this surge is notably the most robust since the bull market observed in late 2021.<\/p>\n
\n
This bull run will be a special one for $XRP<\/a><\/p>\n
Last cycle we saw HEAVY suppression & inactivity due to the whole lawsuit issue<\/p>\n
But things have changed since then<\/p>\n
In fact, change might be an understatement<\/p>\n
As Ripple has flipped this around into the most BULLISH outcome possible\u2026 pic.twitter.com\/PzDsPVAyyO<\/a><\/p>\n
\u2014 Kyren (@noBScrypto) November 24, 2023<\/a><\/p><\/blockquote>\n
Positive Forecast For XRP<\/strong><\/h2>\n
Meanwhile, another Twitter user who thinks Ripple’s coin is going to have a huge surge soon is Kyren. They claim there are a number of reasons why XRP could experience a “unique” bull run in the future.<\/p>\n
The re-listing of XRP on key cryptocurrency exchanges, Ripple’s engagement with several central banks worldwide, and the company’s winning streak in its legal battle against the US Securities and Exchange Commission (SEC) are a few of these.<\/p>\n
Related Reading: BLUR Clears The Way With 80% Blowout \u2013 Will Price Continue Soaring?<\/a><\/div>\n
The broader crypto market is currently looking good because investors are looking forward to the Federal Open Market Committee (FOMC) minutes that are coming out soon. The market is also going up because of rumors about the approval of a Bitcoin Spot ETF and other positive events.<\/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 Krzysztof Kubicki\/Pexels<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
XRP has taken investors on an exciting roller coaster ride this year, taking them on a trip through the highs and lows of the market. There have been a lot of ups and downs, from a small rise in March to a huge surge in July and another one in the middle of October. Even though this exciting adventure has ended, XRP is now trading at a mere $0.59, a huge drop of 30% from its all-time high of $0.95. Related Reading: The Dogecoin Surge: Unveiling The Catalyst Behind Rising Transactions Despite this, the current trajectory of XRP showcases a prolonged consolidative pattern spanning multiple months, hinting at a potential windfall for patient investors.\u00a0For instance, a bullish head-and-shoulders setup is on the brink of completion, adding a positive dimension to the outlook. XRP: Buy The Dip? In the event that the XRP price maintains its upward momentum and successfully breaches resistance, the stage is set for a rapid and substantial rally to the upside, presenting a tantalizing opportunity for those positioned to capitalize on the potential gains. After looking at the current situation, it looks like XRP is definitely in the “buy the dip” sector. If you think that XRP will continue to rise in value, buying some of the digital asset right now might seem like a great chance to make a lot of money. People who believe that XRP will go up in value over the long term see investing in it now as a good deal. XRP market cap currently at $32.2 billion. Chart: TradingView.com Even in the face of the recent correction within the cryptocurrency market and the marginal dip in XRP’s price, certain analysts maintain an optimistic stance, suggesting that Ripple’s coin is poised for a surge to unprecedented heights. #XRP The Train \ud83d\ude82Next Stops: $1.3-$3-$5.8-$27: \ud83d\udd0d Macro View: Reviving echoes from the 2017 surge, aiming for $27 feels like a plausible target. The markers at $3 and $5.8 stand as critical milestones, yet pushing to $6-$7 might come with some turbulence. These ambitious goals\u2026 https:\/\/t.co\/Aojv3sYmtG pic.twitter.com\/c0RSHhlFnA \u2014 EGRAG CRYPTO (@egragcrypto) November 27, 2023 Notably, Twitter user EGRAG CRYPTO stands as an example, outlining the potential upcoming targets for the token, signaling a prevailing belief in the latent upward potential despite recent market fluctuations. EGRAG said that XRP could go up to $6 or $7 if it went above the “crucial milestones” of $3 and $5.80. Based on how it did during the 2017 bull run, the expert went on to say that he thought the token would explode to $27. In the current wave of market optimism, XRP is actively participating, driven by growing anticipation surrounding ETFs and witnessing the most substantial surge in inflows since late 2021.   Based on the latest report from CoinShares, digital asset investment products saw an impressive $346 million influx in the previous week alone. Significantly, this marks the highest weekly inflow during a nine-week streak, sparked by heightened expectations of a spot-based ETF launch in the United States. Notably, this surge is notably the most robust since the bull market observed in late 2021. This bull run will be a special one for $XRP Last cycle we saw HEAVY suppression & inactivity due to the whole lawsuit issue But things have changed since then In fact, change might be an understatement As Ripple has flipped this around into the most BULLISH outcome possible\u2026 pic.twitter.com\/PzDsPVAyyO \u2014 Kyren (@noBScrypto) November 24, 2023 Positive Forecast For XRP Meanwhile, another Twitter user who thinks Ripple’s coin is going to have a huge surge soon is Kyren. They claim there are a number of reasons why XRP could experience a “unique” bull run in the future. The re-listing of XRP on key cryptocurrency exchanges, Ripple’s engagement with several central banks worldwide, and the company’s winning streak in its legal battle against the US Securities and Exchange Commission (SEC) are a few of these. Related Reading: BLUR Clears The Way With 80% Blowout \u2013 Will Price Continue Soaring? The broader crypto market is currently looking good because investors are looking forward to the Federal Open Market Committee (FOMC) minutes that are coming out soon. The market is also going up because of rumors about the approval of a Bitcoin Spot ETF and other positive events. (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 Krzysztof Kubicki\/Pexels<\/p>\n","protected":false},"author":557,"featured_media":562774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,16894],"tags":[142,6664,1944,3680,4531],"class_list":["post-562766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ripple","tag-altcoins","tag-crypto","tag-etf","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\nXRP Market Drama: Ups, Downs And The $1 Horizon<\/title>\n<meta name=\"description\" content=\"XRP has taken investors on an exciting roller coaster ride this year, taking them on a trip through the highs and lows of the market. 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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. 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