{"id":641139,"date":"2024-09-11T19:00:01","date_gmt":"2024-09-11T19:00:01","guid":{"rendered":"https:\/\/www.wncen.com\/?p=641139"},"modified":"2024-09-11T11:41:41","modified_gmt":"2024-09-11T11:41:41","slug":"analysts-predict-xrp-mega-pump-and-perpetual-cycle-details","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/analysts-predict-xrp-mega-pump-and-perpetual-cycle-details\/","title":{"rendered":"Analysts Predict XRP &#8216;Mega Pump&#8217; And &#8216;Perpetual Cycle&#8217; &#8211; Details"},"content":{"rendered":"<p>Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known<a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\"> XRP<\/a> figure Edward Farina recently predicted that the coin will be on a &#8220;perpetual cycle.&#8221;<\/p>\n<p>Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite the currently unstable market conditions. He has called on investors to enjoy the current situation while prices are low.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/major-bitcoin-addresses-see-5-holding-boost-whats-driving-the-accumulation\/\" target=\"_blank\" rel=\"noopener \">Major Bitcoin Addresses See 5% Holding Boost \u2013 What\u2019s Driving The Accumulation?<\/a><\/div>\n<p>Another crypto analyst, Egrag, shares his technical examination of XRP&#8217;s price movement in support of Farina&#8217;s optimism: The token&#8217;s recent resurgence within a key support and resistance levels, particularly $0.3931, signifies a very robust support zone.<\/p>\n<p>This particular movement of XRP has consolidated for over one and half years, which he thinks could be considered the accumulation that must be formed prior to a massive breakout. Egrag&#8217;s chart reveals that the bullish targets could be located at $0.739, $0.924, and may even be as high as $1.469.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XRP<\/a> 540 Days Ranging Since March 13th, 2024! \ud83d\udd25<\/p>\n<p>If you&#8217;re getting shaken by these tiny moves, you don\u2019t deserve the MASSIVE MEGA PUMPS that are coming!<a href=\"https:\/\/twitter.com\/hashtag\/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XRPArmy<\/a> STAY STEADY <a href=\"https:\/\/t.co\/ErNrvkO4F3\" rel=\"nofollow\">pic.twitter.com\/ErNrvkO4F3<\/a><\/p>\n<p>\u2014 EGRAG CRYPTO (@egragcrypto) <a href=\"https:\/\/twitter.com\/egragcrypto\/status\/08806712?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 7, 2024<\/a><\/p><\/blockquote>\n<h2>&#8216;Mega Pump&#8217; On The Horizon?<\/h2>\n<p>From Egrag&#8217;s analysis, holders of XRP are about to get what he terms a &#8220;Mega Pump.&#8221; While he maintains that those who held onto their tokens during this quiet phase may be rewarded in big proportions, he put forth a contrary belief that individuals who sold their XRP don&#8217;t deserve the massive mega pumps ahead.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-641156\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?resize=1024%2C445\" alt=\"\" width=\"1024\" height=\"445\" srcset=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=1639 1639w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=460 460w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=768 768w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=860 860w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=1536 1536w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=750 750w, https:\/\/www.wncen.com\/wp-content\/uploads\/2024\/09\/a_a3670b.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>While XRP remains in this range, other cryptocurrencies climb. Bitcoin peaked in June 2024; Binance Coin peaked this year in April 2024. Even meme currencies like Shiba Inu and FLOKI soared, although given the volatility of the crypto market these were not sustained for long.<\/p>\n<p>Despite the laggard performance, however, some long-term investors of XRP are pretty confident that the long accumulation phase will be followed by a breakout.<\/p>\n<figure style=\"width: 2475px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/iOXeyFgo\/\" alt=\"\" width=\"2475\" height=\"1163\"><figcaption class=\"wp-caption-text\">XRP market cap currently at $30 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2>&#8216;Perpetual Cycle&#8217; Incoming?<\/h2>\n<p>Farina&#8217;s strategy is dollar-cost averaging: a practice wherein investors gradually buy an asset, particularly when it&#8217;s down from the peak. He said it was an excellent candidate for long-term accumulation since XRP remains 80% below its $3.84 record price back in 2018.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> won\u2019t experience a bull run, it will be a perpetual cycle. In a few years, we\u2019ll look back at today\u2019s prices, it will feel absolutely unbelievable.<\/p>\n<p>EAK TV interview at <a href=\"https:\/\/twitter.com\/IstanbulBlockWk?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@IstanbulBlockWk<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/IBW2024?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#IBW2024<\/a> <a href=\"https:\/\/t.co\/wS30CFTAHI\" rel=\"nofollow\">pic.twitter.com\/wS30CFTAHI<\/a><\/p>\n<p>\u2014 EDO FARINA \ud83c\udd67 XRP (@edward_farina) <a href=\"https:\/\/twitter.com\/edward_farina\/status\/01507765?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 8, 2024<\/a><\/p><\/blockquote>\n<p>Further, he noted that this may put investors in a position to reap extraordinary gains once the market eventually reverses upward.<\/p>\n<p>Farina is not in a vacuum with his optimism. Other analysts have mirrored his view, saying XRP could go up as much as $50, or even up to $100, in the not-so-distant future.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/bnb-weekly-active-addresses-surge-over-6-is-a-rally-on-the-way\/\" target=\"_blank\" rel=\"noopener \">BNB Weekly Active Addresses Surge Over 6% \u2013 Is A Rally On The Way?<\/a><\/div>\n<h3>Will XRP Break Out?<\/h3>\n<p>XRP is still affordable, trading around $0.527 at the time of writing. CoinMarketCap observers are bullish, with 73% predicting a token recovery soon.<\/p>\n<p>As varied as the market outlook was, many investors have followed Farina&#8217;s advice to accumulate XRP while prices remain low, hoping the token surges in the long run.<\/p>\n<p>Whether or not the &#8220;mega pump&#8221; occurs, the extended consolidation phase for XRP could be a preparatory move for something big.<\/p>\n<p><em>Featured image from Toyota of North Charlotte, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. Well-known XRP figure Edward Farina recently predicted that the coin will be on a &#8220;perpetual cycle.&#8221; Farina had this to say during the Istanbul Blockchain Week, with many believing XRP will enter into its biggest bull cycle despite the currently unstable market conditions. He has called on investors to enjoy the current situation while prices are low. Related Reading: Major Bitcoin Addresses See 5% Holding Boost \u2013 What\u2019s Driving The Accumulation? Another crypto analyst, Egrag, shares his technical examination of XRP&#8217;s price movement in support of Farina&#8217;s optimism: The token&#8217;s recent resurgence within a key support and resistance levels, particularly $0.3931, signifies a very robust support zone. This particular movement of XRP has consolidated for over one and half years, which he thinks could be considered the accumulation that must be formed prior to a massive breakout. Egrag&#8217;s chart reveals that the bullish targets could be located at $0.739, $0.924, and may even be as high as $1.469. #XRP 540 Days Ranging Since March 13th, 2024! \ud83d\udd25 If you&#8217;re getting shaken by these tiny moves, you don\u2019t deserve the MASSIVE MEGA PUMPS that are coming!#XRPArmy STAY STEADY pic.twitter.com\/ErNrvkO4F3 \u2014 EGRAG CRYPTO (@egragcrypto) September 7, 2024 &#8216;Mega Pump&#8217; On The Horizon? From Egrag&#8217;s analysis, holders of XRP are about to get what he terms a &#8220;Mega Pump.&#8221; While he maintains that those who held onto their tokens during this quiet phase may be rewarded in big proportions, he put forth a contrary belief that individuals who sold their XRP don&#8217;t deserve the massive mega pumps ahead. While XRP remains in this range, other cryptocurrencies climb. Bitcoin peaked in June 2024; Binance Coin peaked this year in April 2024. Even meme currencies like Shiba Inu and FLOKI soared, although given the volatility of the crypto market these were not sustained for long. Despite the laggard performance, however, some long-term investors of XRP are pretty confident that the long accumulation phase will be followed by a breakout. &#8216;Perpetual Cycle&#8217; Incoming? Farina&#8217;s strategy is dollar-cost averaging: a practice wherein investors gradually buy an asset, particularly when it&#8217;s down from the peak. He said it was an excellent candidate for long-term accumulation since XRP remains 80% below its $3.84 record price back in 2018. $XRP won\u2019t experience a bull run, it will be a perpetual cycle. In a few years, we\u2019ll look back at today\u2019s prices, it will feel absolutely unbelievable. EAK TV interview at @IstanbulBlockWk #IBW2024 pic.twitter.com\/wS30CFTAHI \u2014 EDO FARINA \ud83c\udd67 XRP (@edward_farina) September 8, 2024 Further, he noted that this may put investors in a position to reap extraordinary gains once the market eventually reverses upward. Farina is not in a vacuum with his optimism. Other analysts have mirrored his view, saying XRP could go up as much as $50, or even up to $100, in the not-so-distant future. Related Reading: BNB Weekly Active Addresses Surge Over 6% \u2013 Is A Rally On The Way? Will XRP Break Out? XRP is still affordable, trading around $0.527 at the time of writing. CoinMarketCap observers are bullish, with 73% predicting a token recovery soon. As varied as the market outlook was, many investors have followed Farina&#8217;s advice to accumulate XRP while prices remain low, hoping the token surges in the long run. Whether or not the &#8220;mega pump&#8221; occurs, the extended consolidation phase for XRP could be a preparatory move for something big. Featured image from Toyota of North Charlotte, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":641192,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,1742,4531],"class_list":["post-641139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-digital-currency","tag-xrp"],"acf":[],"yoast_head":"\n<title>Analysts Predict XRP &#039;Mega Pump&#039; And &#039;Perpetual Cycle&#039; - Details<\/title>\n<meta name=\"description\" content=\"Crypto analysts have XRP under the lens, as the altcoin has been consolidating for over 500 days. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. 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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