Featured image from Top1 Markets, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Renowned crypto analyst Egrag delivered a fresh and in-depth XRP price analysis across multiple timeframes today. As of press time, the cryptocurrency stands at $0.4825, marking a decrease of about 12% since October 3, when it reached a high of $0.5478. Despite the bearish momentum fueled by the broader crypto market trend, Egrag projects bullishness on higher time frames. Monthly Chart XRP\/USD On the monthly XRP\/USD chart, Egrag took to Twitter to share his insights, stating: “XRP Monthly Bullish Pennant – Super Bullish Sign: Do you spot the pattern like I do? It’s incredibly bullish!” According to Egrag, trading on a monthly time frame reduces the chance of false signals. He believes that a strong flagpole hints at a rapid price increase, and the ongoing consolidation phase forms the pennant. The current pause in the uptrend could potentially lead to further upward movement, especially if there’s a surge in volume after a breakout. For this scenario to occur, XRP shouldn’t break out to the downside, but stay within the two approximating lines until the breakout north. Related Reading: XRP Price Gearing Up For Rebound As Whales Make Their Move By measuring the flagpole’s height, Egrag anticipates that XRP could potentially surge above $24 (on a longer time scale) if it manages to break out of the bullish pennant pattern. Weekly Chart For the weekly chart, Egrag commented, \u201cIt’s evident that XRP is currently undergoing a retest phase following its recent breakout.\u201d This sentiment is anchored in the aftermath of the Ripple Labs case against the US Securities and Exchange Commission, where the price broke out of a longstanding trend channel. However, the continued bearish sentiment in the broader crypto market, along with macro-economic pressures halted XRP’s momentum. Egrag points out the importance of the price range between $0.48 to $0.43, suggesting that maintaining above this line is critical. A breach could lead the cryptocurrency to retest the foundational zone between $0.25939 and $0.32630, which has shown robust support since 2017. Related Reading: XRP Is A Better Buy Now Than H1 2023: What\u2019s Keeping Prices Low? Nevertheless, if the altcoin successfully retests and stays above the trendline, Egrag envisions a potential retest of the key resistance at $0.58304. Surpassing this would pave the way for an impressive rally, potentially reaching $2. According to him, XRP would thus penetrate the next higher “steel foundation”, the area between $1.6188 and $2. 1-Day Chart For the daily XRP\/USD chart, Egrag’s message was concise: \u201cXRP Army: Don’t miss the forest for the trees.\u201d His analysis for this timeframe focuses on the \u201cwicking\u201d range of $0.3875 to $0.4719, which he sees as the possible dip range if the broader market pressure persists. Only a drop below $0.3875 would negate the bullish pattern. If the cryptocurrency maintains between $0.4719 and $0.5119, Egrag sees no cause for alarm. But for a bullish narrative to play out, the token needs to push beyond $0.5119, aiming for the $0.5738 mark, which corresponds to the 50% Fibonacci retracement level. Egrag emphasizes that breaching this level is crucial for a broader rally, targeting the 1,618 Fibonacci extension at $1.4694. At press time, the XRP price fell below the 61.8% Fibonacci retracement level and was trading at $0.4856, representing a loss of 3.3% in the last 24 hours. Featured image from Top1 Markets, chart from TradingView.com<\/p>\n","protected":false},"author":571,"featured_media":554931,"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":[89488,4531,13172,16289,10972],"class_list":["post-554930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-egrag","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 Retest: A Prelude To A Stunning Surge To $2, Predicts Expert","url":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-retest-prelude-to-2-dollar\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/ripple\/xrp-price-retest-prelude-to-2-dollar\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/70581-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/70581-1.png?fit=972%2C592"},"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":["egrag","xrp","xrp price","xrp price prediction","xrpusd"],"dateCreated":"2023-10-11T10:00:18Z","datePublished":"2023-10-11T10:00:18Z","dateModified":"2024-06-11T08:02:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Retest: A Prelude To A Stunning Surge To $2, Predicts Expert\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-retest-prelude-to-2-dollar\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/ripple\\\/xrp-price-retest-prelude-to-2-dollar\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/70581-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/70581-1.png?fit=972%2C592\"},\"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\":[\"egrag\",\"xrp\",\"xrp price\",\"xrp price prediction\",\"xrpusd\"],\"dateCreated\":\"2023-10-11T10:00:18Z\",\"datePublished\":\"2023-10-11T10:00:18Z\",\"dateModified\":\"2024-06-11T08:02:09Z\"}<\/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\/10\/70581-1.png?fit=972%2C592","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554930"}],"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=554930"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/554930\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/554931"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=554930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=554930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=554930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"XRP](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/F8I23kzWMAEf17g.jpg?resize=1281%2C557\")
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