Featured image created with DALL.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto analyst Doctor Magic has set a bullish target for XRP, suggesting that the digital asset could surge to as high as $26.5 in this bull run. This projection is not just a hopeful guess but is rooted in a Fibonacci retracement analysis from XRP\u2019s historical price movements, particularly from its peak in the 2017\/2018 bull run. XRP Price Poised To Skyrocket Above $26 This Bull Run? Doctor Magic’s chart analysis of XRP against the US dollar stretches from 2014 and projects forward into 2026, incorporating an interpretation of Fibonacci levels calculated from the all-time high near $3.31 achieved during the crypto frenzy of 2017\/2018. The choice of Fibonacci retracement levels by analysts like Doctor Magic is a staple in trading, serving as a cornerstone for identifying potential resistance and support levels. These levels are instrumental in predicting where prices might find a floor during downturns or face resistance on the rise up. Related Reading: Is XRP on the Brink of a 50,000% Rally? Signs Point to Yes, Says Top Analyst The 0.618 Fibonacci level at $1.00 signifies a strong area of support or resistance, indicating significant market interest. At the 0.786 level, priced at $2.00, it becomes crucial for spotting stronger bullish or bearish reversals. The 1.00 level, at $4.00, marks a full retracement to the base of the prior major price movement, often acting as a psychological marker in trading. Further up, the 1.272 level at $8.00 and the 1.414 level at $16.00 suggest extended bullish momentum, pointing to more formidable barriers during a powerful market rally. Most notably, the 1.618 level at $26.59 is highlighted as a potential peak for XRP, assuming a massive bullish market trend unfolds for XRP. Related Reading: Can The XRP Price Cross $250? Crypto Analyst Predicts 42,000% Breakout Addressing the community and skeptics alike, Doctor Magic explained the rationale behind these specific price targets. “Just read some heated comments below an analyst that predicted an $8-$13 XRP. First of all, we don’t make these targets out of our mind; these are Fibonacci Levels. Secondly, if I’m right and alts do lead the next rally which would confirm a 2017 style run for the whole crypto market, my base case for XRP top is $26.5. #RIPPLE,” he stated. He also emphasized that his prediction is a conservative scenario within a bullish context, rather than a wild speculation for an exact repeat of 2017’s dramatic surge. “And btw this is not me calling for an exact 2017 pump. If I was doing that I would call for $241. $26.5 is me calling diminishing prices in a 6+ year pattern,\u201d Doctor Magic added. At press time, XRP price traded at $0.5849. Featured image created with DALL.E, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":636398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[89561],"tags":[4531,90867,83637,13172,15883,16289,78763],"class_list":["post-636384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp-news","tag-xrp","tag-xrp-bull-run","tag-xrp-news","tag-xrp-price","tag-xrp-price-analysis","tag-xrp-price-prediction","tag-xrpusdt"],"acf":[],"yoast_head":"\n
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Through his extensive work with wncen.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/wncen.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Predicts XRP Price Spike To $26 In This Bull Run As Base Case","url":"http:\/\/wncen.com\/xrp-news\/crypto-analyst-predicts-xrp-price-spike-to-26-in-this-bull-run-as-base-case\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/xrp-news\/crypto-analyst-predicts-xrp-price-spike-to-26-in-this-bull-run-as-base-case\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-19-11.31.15-A-high-resolution-wide-format-image-showcasing-the-official-Ripple-XRP-logo.-The-logo-should-be-centered-and-rendered-in-its-precise-official-desi.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/DALL\u00b7E-2024-08-19-11.31.15-A-high-resolution-wide-format-image-showcasing-the-official-Ripple-XRP-logo.-The-logo-should-be-centered-and-rendered-in-its-precise-official-desi.png?fit=1792%2C1024"},"articleSection":"XRP News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["xrp","xrp bull run","xrp news","xrp price","xrp price analysis","xrp price prediction","xrpusdt"],"dateCreated":"2024-08-19T14:00:18Z","datePublished":"2024-08-19T14:00:18Z","dateModified":"2024-08-19T14:00:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Predicts XRP Price Spike To $26 In This Bull Run As Base Case\",\"url\":\"http:\\\/\\\/wncen.com\\\/xrp-news\\\/crypto-analyst-predicts-xrp-price-spike-to-26-in-this-bull-run-as-base-case\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/xrp-news\\\/crypto-analyst-predicts-xrp-price-spike-to-26-in-this-bull-run-as-base-case\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-19-11.31.15-A-high-resolution-wide-format-image-showcasing-the-official-Ripple-XRP-logo.-The-logo-should-be-centered-and-rendered-in-its-precise-official-desi.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/DALL\\u00b7E-2024-08-19-11.31.15-A-high-resolution-wide-format-image-showcasing-the-official-Ripple-XRP-logo.-The-logo-should-be-centered-and-rendered-in-its-precise-official-desi.png?fit=1792%2C1024\"},\"articleSection\":\"XRP News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"xrp\",\"xrp bull run\",\"xrp news\",\"xrp price\",\"xrp price analysis\",\"xrp price prediction\",\"xrpusdt\"],\"dateCreated\":\"2024-08-19T14:00:18Z\",\"datePublished\":\"2024-08-19T14:00:18Z\",\"dateModified\":\"2024-08-19T14:00:18Z\"}<\/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\/08\/DALL\u00b7E-2024-08-19-11.31.15-A-high-resolution-wide-format-image-showcasing-the-official-Ripple-XRP-logo.-The-logo-should-be-centered-and-rendered-in-its-precise-official-desi.png?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636384"}],"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\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=636384"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/636384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/636398"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=636384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=636384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=636384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"XRP](\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/08\/GVP4HQwW4AAShK1.jpg?resize=2710%2C1298\")
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