{"id":648886,"date":"2024-10-20T06:30:55","date_gmt":"2024-10-20T06:30:55","guid":{"rendered":"https:\/\/uniquehot.com\/?p=648886"},"modified":"2024-10-19T12:53:38","modified_gmt":"2024-10-19T12:53:38","slug":"crypto-analyst-sets-3-major-targets-for-xrp-price-going-as-high-as-4800-return","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/crypto-analyst-sets-3-major-targets-for-xrp-price-going-as-high-as-4800-return\/","title":{"rendered":"Crypto Analyst Sets 3 Major Targets For XRP Price, Going As High As 4,800% Return"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Renowned crypto analyst, \u2018Egrag Crypto\u2019 took to X (formerly Twitter) to unveil three critical<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-to-have-the-mother-of-all-bull-runs-analyst-sets-double-digit-target\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">price targets for XRP in this bull cycle<\/span><\/a><span style=\"font-weight: 400\">. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/qcp-capital-on-bitcoin-2024-us-election-could-steer-the-cryptos-future\/\" target=\"_blank\" rel=\"noopener \">Analysts On Bitcoin: 2024 US Election Could Steer The Crypto\u2019s Future<\/a><\/div>\n<h2><b>Major Resistance And Support Targets For XRP\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">On 17 October, Egrag Crypto<\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/51164162\" target=\"_blank\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">shared<\/span><\/a><span style=\"font-weight: 400\"> three major targets for the<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/0-75-crucial-target-xrp-price\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">XRP price<\/span><\/a><span style=\"font-weight: 400\"> based on Channel B, a distinctive boundary XRP has struggled to breach for years. In the monthly time frame, XRP faces three primary resistance targets and three<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-defends-support-0-5780\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">support marks<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">XRP price action within Channel B is<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-struggles-0-580\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">constrained by key resistance levels<\/span><\/a><span style=\"font-weight: 400\"> that may dictate whether the cryptocurrency can break free from its long-term<\/span><a href=\"https:\/\/uniquehot.com\/all\/xrp-price-range-0-3450\/amp\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> consolidation cycle<\/span><\/a><span style=\"font-weight: 400\">. According to the analyst\u2019s XRP price chart, the first major resistance level is seen around the $0.6450 price mark. Over the past few months, XRP has risen above $0.6, fueling hopes of a<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-eyes-breakout-0-5220\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">potential breakout<\/span><\/a><span style=\"font-weight: 400\"> but ultimately declining back to $0.5.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-648887\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_f1fa33.png?resize=686%2C301\" alt=\"\" width=\"686\" height=\"301\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_f1fa33.png?w=686 686w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/10\/A_f1fa33.png?w=460 460w\" sizes=\"auto, (max-width: 686px) 100vw, 686px\"><\/p>\n<p><span style=\"font-weight: 400\">A significant breakout from the $0.6450 level could signal a potential bullish momentum, but it would still remain within the bounds of Channel B. The second price target, $0.85 is a key target that XRP price has also struggled to maintain over the years. It also represents a mid-range of the entire XRP Channel B.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lastly, at the top end of Channel B and highlighting the most crucial resistance level is the $1.1 threshold. A sustained break from this critical resistance could mean XRP may finally escape Channel B and rally to new levels.<\/span><\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/HSLuHyrX\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">XRP market cap currently at $30.8 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Additionally, assisting these key resistance levels are three<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-faces-dip-0-540\/amp\/\" target=\"_blank\" rel=\"noopener \"> <span style=\"font-weight: 400\">major support levels<\/span><\/a><span style=\"font-weight: 400\">. The first line of defense if XRP fails to hit $0.645 is the support level at $0.48. If the cryptocurrency also breaks down below $0.85, the next support can be seen at $0.38. Finally, if XRP fails to break through $1.1 resistance, it may find support around new lows at $0.28.\u00a0<\/span><\/p>\n<h2><b>XRP Bullish Price Targets\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400\">While highlighting key resistance and support levels for XRP, Egrag Crypto also emphasized three<\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-46900-246\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">bullish price targets for XRP<\/span><\/a><span style=\"font-weight: 400\"> if it can successfully close the monthly candle inside Channel B. The first major breakout target sees XRP potentially skyrocketing to $7.5, at the 1.236 Fibonacci retracement level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The next major cycle target is the 1.414 Fibonacci retracement level, with XRP price possibly surging to $13 and marking<\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-interesting-predictions\/amp\/\" target=\"_blank\" rel=\"noopener nofollow\"> <span style=\"font-weight: 400\">explosive all-time highs.<\/span><\/a><span style=\"font-weight: 400\"> The ultimate and final cycle target, according to Egrag Crypto, is the 1.618 Fibonacci retracement level. If XRP can reach this level, its price could skyrocket to $27, marking a monumental increase for the cryptocurrency and potentially positioning it among the top-performing digital assets in the market.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/etf-hopes-propel-litecoin-12-higher-bullish-predictions-on-the-cards\/\" target=\"_blank\" rel=\"noopener \">ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards<\/a><\/div>\n<p><span style=\"font-weight: 400\">It\u2019s important to note that these predictions remain speculative, as XRP\u2019s price at the time of writing is still trading at $0.54, according to CoinMarketCap.<\/span><\/p>\n<p><em>Featured image from CPO Magazine, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned crypto analyst, \u2018Egrag Crypto\u2019 took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.\u00a0 Related Reading: Analysts On Bitcoin: 2024 US Election Could Steer The Crypto\u2019s Future Major Resistance And Support Targets For XRP\u00a0 On 17 October, Egrag Crypto shared three major targets for the XRP price based on Channel B, a distinctive boundary XRP has struggled to breach for years. In the monthly time frame, XRP faces three primary resistance targets and three support marks.\u00a0 XRP price action within Channel B is constrained by key resistance levels that may dictate whether the cryptocurrency can break free from its long-term consolidation cycle. According to the analyst\u2019s XRP price chart, the first major resistance level is seen around the $0.6450 price mark. Over the past few months, XRP has risen above $0.6, fueling hopes of a potential breakout but ultimately declining back to $0.5.\u00a0 A significant breakout from the $0.6450 level could signal a potential bullish momentum, but it would still remain within the bounds of Channel B. The second price target, $0.85 is a key target that XRP price has also struggled to maintain over the years. It also represents a mid-range of the entire XRP Channel B.\u00a0 Lastly, at the top end of Channel B and highlighting the most crucial resistance level is the $1.1 threshold. A sustained break from this critical resistance could mean XRP may finally escape Channel B and rally to new levels. Additionally, assisting these key resistance levels are three major support levels. The first line of defense if XRP fails to hit $0.645 is the support level at $0.48. If the cryptocurrency also breaks down below $0.85, the next support can be seen at $0.38. Finally, if XRP fails to break through $1.1 resistance, it may find support around new lows at $0.28.\u00a0 XRP Bullish Price Targets\u00a0 While highlighting key resistance and support levels for XRP, Egrag Crypto also emphasized three bullish price targets for XRP if it can successfully close the monthly candle inside Channel B. The first major breakout target sees XRP potentially skyrocketing to $7.5, at the 1.236 Fibonacci retracement level.\u00a0 The next major cycle target is the 1.414 Fibonacci retracement level, with XRP price possibly surging to $13 and marking explosive all-time highs. The ultimate and final cycle target, according to Egrag Crypto, is the 1.618 Fibonacci retracement level. If XRP can reach this level, its price could skyrocket to $27, marking a monumental increase for the cryptocurrency and potentially positioning it among the top-performing digital assets in the market.\u00a0 Related Reading: ETF Hopes Propel Litecoin 12% Higher, Bullish Predictions On The Cards It\u2019s important to note that these predictions remain speculative, as XRP\u2019s price at the time of writing is still trading at $0.54, according to CoinMarketCap. Featured image from CPO Magazine, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":648900,"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":[142,6664,3680,4531],"class_list":["post-648886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Crypto Analyst Sets 3 Major Targets For XRP Price This Cycle<\/title>\n<meta name=\"description\" content=\"Renowned crypto analyst, \u2018Egrag Crypto\u2019 took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. 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