{"id":568013,"date":"2024-01-04T11:30:43","date_gmt":"2024-01-04T11:30:43","guid":{"rendered":"https:\/\/wncen.com\/?p=568013"},"modified":"2024-06-11T08:10:46","modified_gmt":"2024-06-11T08:10:46","slug":"crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move\/","title":{"rendered":"Crypto Analyst Predicts Bullish Hammer For XRP In Upcoming Move"},"content":{"rendered":"

In the ever-fluctuating world of cryptocurrencies, crypto analyst CryptoWzrd has expressed an optimistic prediction for <\/span>XRP<\/span><\/a>, while highlighting a potential bullish hammer for the crypto asset.<\/span><\/p>\n

A Bullish Hammer For XRP Could Take Place<\/span><\/h2>\n

The <\/span>cryptocurrency analyst<\/span><\/a> recently took to X (formerly Twitter) to <\/span>share<\/span><\/a> the projections with the entire crypto market. The analyst predictions were made using the daily technical outlook of XRP.<\/span><\/p>\n

With a clear observation of the chart, CryptoWzrd noted that XRP could be ready to form a bullish hammer. However, for this pattern to take place, a bullish candle must appear today, January 4.<\/span><\/p>\n

Related Reading: Crypto Analyst Blasts $20,000 XRP Price Target, Reveals Why It\u2019s Impossible<\/a><\/div>\n

Following the prediction, CryptoWzrd noted that the XRP\/BTC chart is demonstrating strength against the bears. In addition, it has recovered the majority of its loss and ended the day with a promising pin bar.<\/span><\/p>\n

The analyst was upbeat about XRP’s potential to take control and highlighted that a strong rebound could push the token higher. However, he alluded to the impact of outside variables hindering this rebound, particularly the potential threat of unfavorable SEC news regarding ETFs.<\/span><\/p>\n

CryptoWzrd’s predictions came amidst a notable disruption in the crypto market that took place yesterday. The disruption saw <\/span>Bitcoin (BTC) plummeting to about $40,000<\/span><\/a>, while XRP fell to nearly reach the October 2023 lows of $0.50.<\/span><\/p>\n

After recovering to a level around $0.57, CryptoWzrd anticipates that a rebound from this area could indicate the daily lower high trendlines’s breaking point. As a result of this, the crypto asset could therefore push closer to and over the $0.7300 mark.<\/span><\/p>\n

In the crypto analyst’s opinion, the strength displayed by the XRP\/BTC chart is one major reason behind the optimistic outlook. According to CryptoWzrd, this strength surrounds the positive viewpoint that XRP may orchestrate the bullish rise.\u00a0<\/span><\/p>\n

The Analyst’s Thoughts From The Intraday Angle<\/span><\/h2>\n

CryptoWzrd further turned his attention to the intraday chart while anticipating the next move. The expert noted that his “primary attention” will be on the intraday chart today which he will be looking for a scalp.<\/span><\/p>\n

\"XRP\"
XRP Intraday chart demonstrating extreme volatility | Source: CryptoWzrd on X<\/a><\/figcaption><\/figure>\n

While acknowledging the volatility that occurred on Wednesday, the analyst has forecasted that it will continue today. However, in spite of the uncertainties, CryptoWzrd has expressed optimism and plans to make another trade.<\/span><\/p>\n

So far, the expert has stressed that two crucial factors will determine XRP’s final trajectory. These include the path that <\/span>Bitcoin<\/span><\/a> takes and the fundamental data that could emerge in the coming days.<\/span><\/p>\n

Related Reading: XRP Price Could Rally If It Clears This Hurdle \u2013 $0.75 Next?<\/a><\/div>\n

As of the time of writing, XRP was trading at $0.578, indicating an over 8% decline in the past 24 hours. Meanwhile, its market capitalization is also down by over 8% over the past 24 hours.\u00a0<\/span><\/p>\n

Despite the drop in price and market cap, the token’s trading volume appears to have increased significantly over the past day. Data from CoinMarketCap shows that the crypto asset’s trading volume is up by 153.49% as of the time of writing.<\/span><\/p>\n

\"XRP\"
XRP trading at $0.573 on the 1D chart | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image from Shutterstock, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

In the ever-fluctuating world of cryptocurrencies, crypto analyst CryptoWzrd has expressed an optimistic prediction for XRP, while highlighting a potential bullish hammer for the crypto asset. A Bullish Hammer For XRP Could Take Place The cryptocurrency analyst recently took to X (formerly Twitter) to share the projections with the entire crypto market. The analyst predictions were made using the daily technical outlook of XRP. With a clear observation of the chart, CryptoWzrd noted that XRP could be ready to form a bullish hammer. However, for this pattern to take place, a bullish candle must appear today, January 4. Related Reading: Crypto Analyst Blasts $20,000 XRP Price Target, Reveals Why It\u2019s Impossible Following the prediction, CryptoWzrd noted that the XRP\/BTC chart is demonstrating strength against the bears. In addition, it has recovered the majority of its loss and ended the day with a promising pin bar. The analyst was upbeat about XRP’s potential to take control and highlighted that a strong rebound could push the token higher. However, he alluded to the impact of outside variables hindering this rebound, particularly the potential threat of unfavorable SEC news regarding ETFs. CryptoWzrd’s predictions came amidst a notable disruption in the crypto market that took place yesterday. The disruption saw Bitcoin (BTC) plummeting to about $40,000, while XRP fell to nearly reach the October 2023 lows of $0.50. After recovering to a level around $0.57, CryptoWzrd anticipates that a rebound from this area could indicate the daily lower high trendlines’s breaking point. As a result of this, the crypto asset could therefore push closer to and over the $0.7300 mark. In the crypto analyst’s opinion, the strength displayed by the XRP\/BTC chart is one major reason behind the optimistic outlook. According to CryptoWzrd, this strength surrounds the positive viewpoint that XRP may orchestrate the bullish rise.\u00a0 The Analyst’s Thoughts From The Intraday Angle CryptoWzrd further turned his attention to the intraday chart while anticipating the next move. The expert noted that his “primary attention” will be on the intraday chart today which he will be looking for a scalp. While acknowledging the volatility that occurred on Wednesday, the analyst has forecasted that it will continue today. However, in spite of the uncertainties, CryptoWzrd has expressed optimism and plans to make another trade. So far, the expert has stressed that two crucial factors will determine XRP’s final trajectory. These include the path that Bitcoin takes and the fundamental data that could emerge in the coming days. Related Reading: XRP Price Could Rally If It Clears This Hurdle \u2013 $0.75 Next? As of the time of writing, XRP was trading at $0.578, indicating an over 8% decline in the past 24 hours. Meanwhile, its market capitalization is also down by over 8% over the past 24 hours.\u00a0 Despite the drop in price and market cap, the token’s trading volume appears to have increased significantly over the past day. Data from CoinMarketCap shows that the crypto asset’s trading volume is up by 153.49% as of the time of writing. Featured image from Shutterstock, chart from Tradingview.com<\/p>\n","protected":false},"author":608,"featured_media":568017,"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":[428,1119,10995,91052,1944,3799,4531,4532,10972,78763],"class_list":["post-568013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-bitcoin","tag-btc","tag-coinmarketcap","tag-cryptowzrd","tag-etf","tag-sec","tag-xrp","tag-xrp-btc","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Bullish Hammer For XRP In Upcoming Move<\/title>\n<meta name=\"description\" content=\"In the ever-fluctuating world of cryptocurrencies, crypto analyst CryptoWzrd has expressed an optimistic prediction for XRP, while highlighting a\" \/>\n<meta name=\"robots\" content=\"index, follow, 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I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They\u2019ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won\u2019t trade them for anything else in this world. I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments. When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency. Trust me, I\u2019ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that\u2019s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets. My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies. Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people - people who make an impact in my life no matter how little it is. One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I'm so good at it. I am also very good at singing, dancing, acting, fashion and others. I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone's life. I don't chase illusions, I chase dreams. I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I\u2019m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top. I aspire to be a boss someday, having people work under me just as I\u2019ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.","sameAs":["https:\/\/x.com\/NFTwerey"],"url":"https:\/\/wncen.com\/author\/godspowerowie\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts Bullish Hammer For XRP In Upcoming Move","url":"http:\/\/wncen.com\/news\/ripple\/crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2095394119.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/01\/shutterstock_2095394119.jpg?fit=2800%2C1502"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Godspower Owie"}],"creator":["Godspower Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","coinmarketcap","cryptowzrd","etf","sec","xrp","xrp btc","xrpusd","xrpusdt"],"dateCreated":"2024-01-04T11:30:43Z","datePublished":"2024-01-04T11:30:43Z","dateModified":"2024-06-11T08:10:46Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts Bullish Hammer For XRP In Upcoming Move\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/crypto-analyst-predicts-bullish-hammer-for-xrp-in-upcoming-move\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2095394119.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/shutterstock_2095394119.jpg?fit=2800%2C1502\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Godspower Owie\"}],\"creator\":[\"Godspower Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"coinmarketcap\",\"cryptowzrd\",\"etf\",\"sec\",\"xrp\",\"xrp btc\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-01-04T11:30:43Z\",\"datePublished\":\"2024-01-04T11:30:43Z\",\"dateModified\":\"2024-06-11T08:10:46Z\"}<\/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\/01\/shutterstock_2095394119.jpg?fit=2800%2C1502","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568013","targetHints":{"allow":["GET"]}}],"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\/608"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=568013"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/568013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/568017"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=568013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=568013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=568013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}