{"id":600018,"date":"2024-03-27T23:00:34","date_gmt":"2024-03-27T23:00:34","guid":{"rendered":"https:\/\/www.wncen.com\/?p=600018"},"modified":"2024-06-11T07:46:15","modified_gmt":"2024-06-11T07:46:15","slug":"xrp-price-pre-bull-rally-phase","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/ripple\/xrp-price-pre-bull-rally-phase\/","title":{"rendered":"XRP Price Enters Pre-Bull Rally Phase: Crypto Analyst Reveals Next Target"},"content":{"rendered":"

The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has <\/span>failed to reach the $1 mark<\/span><\/a> despite the <\/span>bullish sentiment<\/span><\/a> surrounding cryptocurrencies. However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term. From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1.<\/span><\/p>\n

XRP Price Pattern Signals A Potential Massive Move<\/h2>\n

XRP’s highest price so far this year is $0.718. The cryptocurrency now finds itself <\/span>perambulating below<\/span><\/a> the $0.65 price level and even <\/span>falling to as low as<\/span><\/a> $0.57 in the past seven days. This has prompted many investors and holders to feel frustrated and concerned about the poor price performance.\u00a0<\/span><\/p>\n

Related Reading: Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue?<\/a><\/div>\n

Despite this <\/span>lackluster performance<\/span><\/a>, many analysts continue to hold on to a bullish price action for XRP. EGRAG, who is well-known for his bullish attitude on XRP, has, for the most part, encouraged his followers on social media to maintain their positive posture on XRP. His most recent technical analysis, which he shared on social media, indicates that the price formation of XRP has now established a bullish pattern, which has been responsible for significant price increases in the past.<\/span><\/p>\n

This price spike is particularly based on a peculiar \u201cW\u201d pattern, which he highlighted on a 3-day candlestick chart of the XRP price. Interestingly, a detailed look into the chart shared by EGRAG shows that XRP embarked on the formation of this “W” pattern in July 2023. Now that the formation seems complete, the analyst noted that XRP could potentially surge to $1 on a standard scale and $1.2 on a logarithmic scale.<\/span><\/p>\n

\n

#XRP<\/a> Wave 10 ( $1 – $1.2) \ud83c\udf0a\ud83d\udd1f:<\/p>\n

The 10th “W” Pattern is exceptionally well-aligned with the current market setup, signaling a potentially significant move.<\/p>\n

Target Prices Remain Consistent:<\/p>\n

1) Non-Logarithmic: $1
\n2) Logarithmic: $1.2#XRPArmy<\/a> STAY STEADY and Appreciate the\u2026 pic.twitter.com\/PS6xZi1FFv<\/a><\/p>\n

\u2014 EGRAG CRYPTO (@egragcrypto) March 24, 2024<\/a><\/p><\/blockquote>\n

At the time of writing, XRP is trading at $0.63. A surge to $1 and $1.2 from the current price level would mean a 58.7% and 90.47% spike respectively. However, EGRAG also noted the possibility of the “W” pattern leading to a downturn. In his price chart, he highlighted a worse case scenario of XRP falling to $0.44518.\u00a0<\/span><\/p>\n

What\u2019s Next For XRP?<\/h2>\n

EGRAG is one of the <\/span>many crypto analysts<\/span><\/a> who are still ultra-bullish on XRP’s price trajectory. His <\/span>long-term price projection for XRP<\/span><\/a> is $27. Other analysts like <\/span>Mikybull predict<\/span><\/a> XRP can reach as high as $6.<\/span><\/p>\n

Related Reading: Bitcoin Held On Coinbase Exchange Reach 9-Year Low, Can Bitcoin Reach $75,000?<\/a><\/div>\n

Ripple’s lawsuit with the SEC seems to be <\/span>nearing its end<\/span><\/a> which could mean the end of a prolonged stunted price growth for XRP. As a result, we could see XRP surging to new highs very soon. Whether or not XRP reaches $27 or sets new records, many see it as an undervalued asset with significant upside potential. <\/span>This fundamental growth<\/span><\/a> could see XRP push to $1 for the first time since November 2021.<\/span><\/p>\n

\"XRP<\/p>\n

XRP price recovers above $0.62 | Source: XRPUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Watcher Guru, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The XRP price has largely left many of its enthusiasts feeling dissatisfied during this bull cycle, as it has failed to reach the $1 mark despite the bullish sentiment surrounding cryptocurrencies. However, crypto analyst EGRAG CRYPTO believes a $1 XRP price is still possible in this cycle, as he predicted a price surge in the near term. From this analyst’s technical perspective, recent price action has seen XRP forming a “W” pattern, making it ready for a massive push above $1. XRP Price Pattern Signals A Potential Massive Move XRP’s highest price so far this year is $0.718. The cryptocurrency now finds itself perambulating below the $0.65 price level and even falling to as low as $0.57 in the past seven days. This has prompted many investors and holders to feel frustrated and concerned about the poor price performance.\u00a0 Related Reading: Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue? Despite this lackluster performance, many analysts continue to hold on to a bullish price action for XRP. EGRAG, who is well-known for his bullish attitude on XRP, has, for the most part, encouraged his followers on social media to maintain their positive posture on XRP. His most recent technical analysis, which he shared on social media, indicates that the price formation of XRP has now established a bullish pattern, which has been responsible for significant price increases in the past. This price spike is particularly based on a peculiar \u201cW\u201d pattern, which he highlighted on a 3-day candlestick chart of the XRP price. Interestingly, a detailed look into the chart shared by EGRAG shows that XRP embarked on the formation of this “W” pattern in July 2023. Now that the formation seems complete, the analyst noted that XRP could potentially surge to $1 on a standard scale and $1.2 on a logarithmic scale. #XRP Wave 10 ( $1 – $1.2) \ud83c\udf0a\ud83d\udd1f: The 10th “W” Pattern is exceptionally well-aligned with the current market setup, signaling a potentially significant move. Target Prices Remain Consistent: 1) Non-Logarithmic: $1 2) Logarithmic: $1.2#XRPArmy STAY STEADY and Appreciate the\u2026 pic.twitter.com\/PS6xZi1FFv \u2014 EGRAG CRYPTO (@egragcrypto) March 24, 2024 At the time of writing, XRP is trading at $0.63. A surge to $1 and $1.2 from the current price level would mean a 58.7% and 90.47% spike respectively. However, EGRAG also noted the possibility of the “W” pattern leading to a downturn. In his price chart, he highlighted a worse case scenario of XRP falling to $0.44518.\u00a0 What\u2019s Next For XRP? EGRAG is one of the many crypto analysts who are still ultra-bullish on XRP’s price trajectory. His long-term price projection for XRP is $27. Other analysts like Mikybull predict XRP can reach as high as $6. Related Reading: Bitcoin Held On Coinbase Exchange Reach 9-Year Low, Can Bitcoin Reach $75,000? Ripple’s lawsuit with the SEC seems to be nearing its end which could mean the end of a prolonged stunted price growth for XRP. As a result, we could see XRP surging to new highs very soon. Whether or not XRP reaches $27 or sets new records, many see it as an undervalued asset with significant upside potential. This fundamental growth could see XRP push to $1 for the first time since November 2021. XRP price recovers above $0.62 | Source: XRPUSDT on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":600039,"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-600018","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":"\nXRP Price Enters Pre-Bull Rally Phase: Crypto Analyst Reveals Next Target<\/title>\n<meta name=\"description\" content=\"The XRP price has largely left many of its enthusiasts feeling dissatisfied 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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. 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