{"id":570925,"date":"2024-01-23T14:30:34","date_gmt":"2024-01-23T14:30:34","guid":{"rendered":"https:\/\/wncen.com\/?p=570925"},"modified":"2024-06-11T08:06:12","modified_gmt":"2024-06-11T08:06:12","slug":"is-xrp-price-at-20-possible","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/is-xrp-price-at-20-possible\/","title":{"rendered":"Is XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move"},"content":{"rendered":"

Crypto analyst Jaydee<\/span><\/a> has outlined a scenario in which the XRP price could rise to <\/span>as high as $20<\/span><\/a> at the peak of the next bull market. According to him, this price level is possible if certain factors are considered.\u00a0<\/span><\/p>\n

What Will Facilitate XRP Price Rise To $20<\/h2>\n

Jaydee mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that $20 is a \u201cpossible top\u201d for XRP using the market cap as a marker. For this to happen, he also noted that there must be a <\/span>structure break on the charts<\/span><\/a>.<\/span><\/p>\n

Related Reading: Hold On For Four Months: Analyst Predicts When Bitcoin Price Will Reach New ATH<\/a><\/div>\n

The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once <\/span>XRP<\/span><\/a> was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a <\/span>surprise<\/span><\/a> to some of his followers.\u00a0<\/span><\/p>\n

Meanwhile, <\/span>crypto analyst Egrag Crypto<\/span><\/a> recently <\/span>provided<\/span><\/a> an analysis of XRP\u2019s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was \u201cbrewing,\u201d but there could be more move to the downside before that happens. This, he says, will be \u201cenough to spook the weak hands.\u201d\u00a0<\/span><\/p>\n

The analyst also gave an insight into how low XRP could drop in another <\/span>X post<\/span><\/a>. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle\u2019s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate <\/span>his current setup<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

In the meantime, the analyst sees these current dips in the XRP market as an opportunity to <\/span>accumulate more tokens<\/span><\/a> while preparing for the pump that will \u201croll in fast mode.\u201d<\/span><\/p>\n

\"XRP<\/p>\n

Token price falls to $0.5 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n
The Bottom For XRP\u2019s Current Trend<\/h2>\n
The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. <\/span>Crypto analyst Ali Martinez<\/span><\/a> had <\/span>previously predicted<\/span><\/a> that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do).\u00a0<\/span><\/p>\n
Related Reading: Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11<\/a><\/div>\n
Now, crypto analyst XRP Shark is also <\/span>echoing<\/span><\/a> almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the <\/span>bottom area for XRP\u2019s move<\/span><\/a> to the downside. Once the crypto token drops to that price range, he predicts that a \u201cviolent move to the upside\u201d will follow.\u00a0<\/span><\/p>\n
As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover <\/span>predicts<\/span><\/a> that XRP will experience a \u201cmassive breakout\u201d sometime in March.\u00a0<\/span><\/p>\n
Featured image from Coinpedia, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Jaydee has outlined a scenario in which the XRP price could rise to as high as $20 at the peak of the next bull market. According to him, this price level is possible if certain factors are considered.\u00a0 What Will Facilitate XRP Price Rise To $20 Jaydee mentioned in an X (formerly Twitter) post that $20 is a \u201cpossible top\u201d for XRP using the market cap as a marker. For this to happen, he also noted that there must be a structure break on the charts. Related Reading: Hold On For Four Months: Analyst Predicts When Bitcoin Price Will Reach New ATH The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once XRP was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a surprise to some of his followers.\u00a0 Meanwhile, crypto analyst Egrag Crypto recently provided an analysis of XRP\u2019s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was \u201cbrewing,\u201d but there could be more move to the downside before that happens. This, he says, will be \u201cenough to spook the weak hands.\u201d\u00a0 The analyst also gave an insight into how low XRP could drop in another X post. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle\u2019s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate his current setup.\u00a0\u00a0 In the meantime, the analyst sees these current dips in the XRP market as an opportunity to accumulate more tokens while preparing for the pump that will \u201croll in fast mode.\u201d Token price falls to $0.5 | Source: XRPUSD on Tradingview.com The Bottom For XRP\u2019s Current Trend The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. Crypto analyst Ali Martinez had previously predicted that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do).\u00a0 Related Reading: Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11 Now, crypto analyst XRP Shark is also echoing almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the bottom area for XRP\u2019s move to the downside. Once the crypto token drops to that price range, he predicts that a \u201cviolent move to the upside\u201d will follow.\u00a0 As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover predicts that XRP will experience a \u201cmassive breakout\u201d sometime in March.\u00a0 Featured image from Coinpedia, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":570934,"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":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-570925","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-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nIs XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move<\/title>\n<meta name=\"description\" content=\"Crypto analyst Jaydee has outlined a scenario in which the XRP price could rise to as high as $20 at the peak of the next bull market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ripple\/is-xrp-price-at-20-possible\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is XRP Price At $20 Possible? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. 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":"Is XRP Price At $20 Possible? 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