Featured image from Pymnts.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Prominent analyst EGRAG CRYPTO has brought attention to the potential of a significant surge in the XRP price, based on a technical analysis that relies on Fibonacci retracement levels. According to a recent tweet from the analyst, “#XRP Color Code To $1.4: If XRP triumphantly closes above the Fib 0.5 level at $0.57 with undeniable confirmation, we’re setting our sights on the $1.4!” The detailed analysis of the chart shared by EGRAG CRYPTO reveals key price points that are significant for the future movement of XRP. The “wicking” range is indicated between $0.3875 and $0.4719.\u00a0A dip below $0.3875 would be a cause of concern as this would invalidate the chart setup. The “ranging” area where XRP does not have any clear direction and is just moving sideways, is defined by the analyst as the range between $0.4719 and $0.5119. But iff the cryptocurrency manages to push past $0.5119, it enters the “bullish” territory that extends up to $0.5738, which is also the pivotal 50% Fibonacci retracement level. Related Reading: Ripple Stirs Debate By Shuffling $260 Million In XRP: What\u2019s Behind The Move? According to EGRAG CRYPTO breaching this price level is the key catalyst for an extensive XRP price rally. The analyst assumes that XRP will not experience any significant resistance after pushing above the 50% Fibonacci level and could eventually break through the yearly high at $0.9310. However, according to the analyst, this is not the end of the road. According to him, the final target of a 250% rally is the 1,618 Fibonacci extension level, which is at $1.4694. Long-term XRP Price Prediction EGRAG’s broader perspective on XRP’s price performance is rooted in his analysis of the historical accumulation trends. The concept revolves around the notion that the longer an asset remains in accumulation, the more formidable the subsequent breakout. A few days ago, he identified multiple accumulation zones for XRP, with each phase leading to significant price multipliers. Related Reading: Ripple CTO Explains Company\u2019s Stance On Debunking Outrageous XRP Price Predictions With XRP currently in its longest accumulation zone of 68 months, EGRAG CRYPTO believes this could be the prelude to an explosive rally. The analyst has provided potential price scenarios based on XRP’s all-time high (ATH) of $3.3. The most aggressive of these predicts a 27x surge from its all-time high, positioning the cryptocurrency at nearly $89.1. The second assumption is a 6.75x increase from ATH elevating the token to approximately $22. Third assumption predicts a 2x multiplier from ATH landing at $6.6, whereas the fourth assumption by the analyst targets a 14x target concluding to $46. At the time of writing, XRP was trading at $0.5093 after an attempt to regain the trend line (black) failed. Featured image from Pymnts.com, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":552299,"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":[3680,4531,13172,16289,10972],"class_list":["post-552295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-xrp","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd"],"acf":[],"yoast_head":"\n
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Through his extensive work with uniquehot.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:\/\/uniquehot.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Poised For A 250% Surge, Analyst Points To This Key Catalyst","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-250-surge-analyst-key-catalyst\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-250-surge-analyst-key-catalyst\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Ripple-ceo-crypto-policies-1000x600-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Ripple-ceo-crypto-policies-1000x600-1.jpg?fit=1000%2C600"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","xrp","xrp price","xrp price prediction","xrpusd"],"dateCreated":"2023-09-21T10:45:47Z","datePublished":"2023-09-21T10:45:47Z","dateModified":"2023-09-21T10:45:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Poised For A 250% Surge, Analyst Points To This Key Catalyst\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-250-surge-analyst-key-catalyst\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-250-surge-analyst-key-catalyst\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ripple-ceo-crypto-policies-1000x600-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Ripple-ceo-crypto-policies-1000x600-1.jpg?fit=1000%2C600\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"xrp\",\"xrp price\",\"xrp price prediction\",\"xrpusd\"],\"dateCreated\":\"2023-09-21T10:45:47Z\",\"datePublished\":\"2023-09-21T10:45:47Z\",\"dateModified\":\"2023-09-21T10:45:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/Ripple-ceo-crypto-policies-1000x600-1.jpg?fit=1000%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552295"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=552295"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/552295\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/552299"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=552295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=552295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=552295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"XRP](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/F6h48xXXAAAsmVT.png?resize=1281%2C557\")
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