{"id":570416,"date":"2024-01-20T00:30:01","date_gmt":"2024-01-20T00:30:01","guid":{"rendered":"https:\/\/uniquehot.com\/?p=570416"},"modified":"2024-06-11T14:44:42","modified_gmt":"2024-06-11T14:44:42","slug":"xrp-on-the-brink-urgent-call-for-bulls-as-analysts-predict-dire-correction-ahead","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-on-the-brink-urgent-call-for-bulls-as-analysts-predict-dire-correction-ahead\/","title":{"rendered":"XRP On The Brink: Urgent Call For Bulls As Analysts Predict Dire Correction Ahead"},"content":{"rendered":"

XRP is currently at a critical juncture, as crypto analyst CoinsKid has pointed out. The analyst has raised<\/a> concerns about the altcoin’s immediate future and emphasizes the urgent need for bullish momentum to prevent a significant downturn.<\/p>\n

Bulls Should Step In Quick<\/h2>\n

In the post shared on X, CoinsKid stressed that if the bulls don’t step in soon, XRP could face a drastic “macro correction,” potentially plummeting its price toward the $0.38 level. This warning follows a period of declining prices for XRP, which has seen the asset struggle to maintain its value.<\/p>\n

Related Reading: More Pain To Come: Crypto Analyst Predicts Massive XRP Crash To $0.34<\/a><\/div>\n

The analyst elaborated, “Squeaky bum time. TICK TOCK,” highlighting the urgency and the nervous anticipation surrounding XRP’s price movement in the coming days.<\/p>\n

This sentiment reflects a broader concern among XRP investors and market observers. The lack of bullish activity in the recent period has left XRP vulnerable to further losses, raising fears that it could slide to its lowest levels in months.<\/p>\n

The potential drop to $0.38 would represent a loss in value and mark a new phase of uncertainty<\/a> for the cryptocurrency. This comes when the broader crypto market is experiencing its own challenges, with various assets<\/a> facing downward pressure.<\/p>\n

\n

We need to see the bulls step in here for #xrp<\/a>. Otherwise, we could see a bigger macro correction play out towards the 0.786 at $0.38<\/p>\n

Squeaky bum time. TICK TOCK pic.twitter.com\/jKlBsiXu6h<\/a><\/p>\n

\u2014 CoinsKid (@Coins_Kid) January 19, 2024<\/a><\/p><\/blockquote>\n

XRP Price Action And Bearish Confirmation<\/h2>\n

XRP’s recent market performance has been far from reassuring for its holders<\/a>. Over the past week, the asset has seen a decline of more than 10%, and so far, this bearish trend shows no signs of abating. The altcoin is trading below $0.53, a drop of nearly 5% in the past 24 hours.<\/p>\n

\"XRP
XRP price is moving sideways on the 1-hour chart. Source: XRP\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

This downward trajectory is further corroborated by crypto analyst Ali, who has pointed out<\/a> that should XRP breach the $0.55 level, the altcoin could tumble down to as low as $0.34<\/a>. Such a drop would take the altcoin to a price point not seen since April 2023, an alarming prospect for investors and the XRP community.<\/p>\n

\n

$XRP<\/a> is currently grappling to maintain its footing at the crucial $0.55 support level. Should this support fail to hold, be prepared for a possible sell-off scenario that could see #XRP<\/a> descending toward $0.34! pic.twitter.com\/6oKObjpnnm<\/a><\/p>\n

\u2014 Ali (@ali_charts) January 18, 2024<\/a><\/p><\/blockquote>\n

Despite this downturn, XRP’s daily trading volume has remained relatively stable<\/a>, fluctuating between $1.4 billion and $1.2 billion over the past week. At the time of writing, Altcoin’s trading volume was around $1.28 billion.<\/p>\n

Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"excerpt":{"rendered":"

XRP is currently at a critical juncture, as crypto analyst CoinsKid has pointed out. The analyst has raised concerns about the altcoin’s immediate future and emphasizes the urgent need for bullish momentum to prevent a significant downturn. Bulls Should Step In Quick In the post shared on X, CoinsKid stressed that if the bulls don’t step in soon, XRP could face a drastic “macro correction,” potentially plummeting its price toward the $0.38 level. This warning follows a period of declining prices for XRP, which has seen the asset struggle to maintain its value. Related Reading: More Pain To Come: Crypto Analyst Predicts Massive XRP Crash To $0.34 The analyst elaborated, “Squeaky bum time. TICK TOCK,” highlighting the urgency and the nervous anticipation surrounding XRP’s price movement in the coming days. This sentiment reflects a broader concern among XRP investors and market observers. The lack of bullish activity in the recent period has left XRP vulnerable to further losses, raising fears that it could slide to its lowest levels in months. The potential drop to $0.38 would represent a loss in value and mark a new phase of uncertainty for the cryptocurrency. This comes when the broader crypto market is experiencing its own challenges, with various assets facing downward pressure. We need to see the bulls step in here for #xrp. Otherwise, we could see a bigger macro correction play out towards the 0.786 at $0.38 Squeaky bum time. TICK TOCK pic.twitter.com\/jKlBsiXu6h \u2014 CoinsKid (@Coins_Kid) January 19, 2024 XRP Price Action And Bearish Confirmation XRP’s recent market performance has been far from reassuring for its holders. Over the past week, the asset has seen a decline of more than 10%, and so far, this bearish trend shows no signs of abating. The altcoin is trading below $0.53, a drop of nearly 5% in the past 24 hours. This downward trajectory is further corroborated by crypto analyst Ali, who has pointed out that should XRP breach the $0.55 level, the altcoin could tumble down to as low as $0.34. Such a drop would take the altcoin to a price point not seen since April 2023, an alarming prospect for investors and the XRP community. $XRP is currently grappling to maintain its footing at the crucial $0.55 support level. Should this support fail to hold, be prepared for a possible sell-off scenario that could see #XRP descending toward $0.34! pic.twitter.com\/6oKObjpnnm \u2014 Ali (@ali_charts) January 18, 2024 Despite this downturn, XRP’s daily trading volume has remained relatively stable, fluctuating between $1.4 billion and $1.2 billion over the past week. At the time of writing, Altcoin’s trading volume was around $1.28 billion. Featured image from Unsplash, Chart from Tradingview<\/p>\n","protected":false},"author":580,"featured_media":570426,"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":[134,6664,26263,87925,4531,89311,78763],"class_list":["post-570416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-altcoin","tag-crypto","tag-crypto-analyst","tag-crypto-asset","tag-xrp","tag-xrp-prediction","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP On The Brink: Urgent Call For Bulls As Analysts Predict Dire Correction Ahead<\/title>\n<meta name=\"description\" content=\"XRP is currently at a critical juncture, as pointed out by crypto analyst CoinsKid. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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