{"id":653987,"date":"2024-11-20T15:00:34","date_gmt":"2024-11-20T15:00:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653987"},"modified":"2024-11-20T08:36:41","modified_gmt":"2024-11-20T08:36:41","slug":"13-xrp-analyst-says-its-closer-than-you-think","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/13-xrp-analyst-says-its-closer-than-you-think\/","title":{"rendered":"$13 XRP? Analyst Says It\u2019s Closer Than You Think"},"content":{"rendered":"<p>Recently, XRP has experienced a significant increase in value, reaching a three-year peak of $1.27. The token is currently trading at $1.09 on a <a href=\"https:\/\/www.bitstamp.net\/markets\/xrp\/usd\/\" target=\"_blank\" rel=\"noopener nofollow\">sustained weekly increase of 80%,<\/a> and many investors are contemplating whether this marks the beginning of a new bull run.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/solana-market-cap-hits-117-billion-400-price-target-gains-traction\/\" target=\"_blank\" rel=\"noopener \">Solana Market Cap Hits Milestone: $400 Price Target Gains Traction<\/a><\/div>\n<p>Nevertheless, a seasoned analyst is uncertain. She cautions that XRP has demonstrated bullish potential; however, it is probable that a correction will occur before the altcoin can make its next significant move.<\/p>\n<h2>XRP Hits 3-Year High &#8211; What&#8217;s Next?<\/h2>\n<p>The recent increase in the price of XRP to $1.26 has piqued the interest of traders, indicating a resurgence in market optimism. For the first time in years, the altcoin <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\">surpassed the $1 threshold<\/a>, a feat that many believed was unattainable.<\/p>\n<figure id=\"attachment_653992\" aria-describedby=\"caption-attachment-653992\" style=\"width: 934px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-653992 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?resize=934%2C467\" alt=\"\" width=\"934\" height=\"467\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=934 934w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=360 360w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_b32b3d.png?w=750 750w\" sizes=\"auto, (max-width: 934px) 100vw, 934px\"><figcaption id=\"caption-attachment-653992\" class=\"wp-caption-text\">XRP up 80% in the last week. Source: <a href=\"https:\/\/www.bitstamp.net\/markets\/xrp\/usd\/\" target=\"_blank\" rel=\"noopener nofollow\">Bitstamp<\/a><\/figcaption><\/figure>\n<p>CasiTrades advises caution in spite of this encouraging trend. She anticipates that the altcoin will experience a temporary decline before it can resume its upward trajectory.<\/p>\n<p>XRP is currently trading at $1.09, a decrease of approximately 3.5% from its weekend peak. This suggests that there may be a short-term cooldown. This decline may indicate that the market is anticipating a more advantageous entry point before attempting to increase the price.<\/p>\n<figure style=\"width: 1847px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/sFFyrnk1\/\" alt=\"\" width=\"1847\" height=\"959\"><figcaption class=\"wp-caption-text\">XRP market cap currently at $62.2 billion. Chart:<a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\"> TradingView.com<\/a><\/figcaption><\/figure>\n<h2>Anticipating The &#8216;Appropriate Entry Point&#8217;<\/h2>\n<p>CasiTrades has identified several critical price levels for potential buy-ins. She suggests that the 0.382 Fibonacci retracement level at $0.98 be monitored. The 0.5 level at $0.88 could also be a good opportunity to enter the altcoin before the price heads back up if the price declines further.<\/p>\n<p>These retracement levels indicate that XRP is currently in a typical <a href=\"https:\/\/coinmarketcap.com\/academy\/glossary\/consolidation\" target=\"_blank\" rel=\"noopener nofollow\">consolidation phase<\/a> following a significant rally, providing investors with an opportunity to enter the market prior to the next significant surge.<\/p>\n<p>Although the correction is anticipated to be temporary, it offers a significant opportunity for those who have been hesitant to invest to do so at a more favorable price.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">I&#8217;m back with an important update on <a href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#XRP<\/a>!<br \/>\nExciting times ahead, but a reminder to avoid chasing price action. Wait for the retracement to key levels (ABC, W4) and let the market structure confirm your entry.<br \/>\nHere&#8217;s what I see-<br \/>\nStrong confirmation the lows are in \u2705 with a\u2026 <a href=\"https:\/\/t.co\/16mb8ZmTDo\" rel=\"nofollow\">pic.twitter.com\/16mb8ZmTDo<\/a><\/p>\n<p>\u2014 CasiTrades \ud83d\udd25 (@CasiTrades) <a href=\"https:\/\/twitter.com\/CasiTrades\/status\/57008493?ref_src=twsrc%5Etfw\" rel=\"nofollow\">November 18, 2024<\/a><\/p><\/blockquote>\n<h3>XRP: Long-Term Bullish Outlook<\/h3>\n<p>CasiTrades remains optimistic regarding the long-term potential of XRP, despite the anticipated decline. She is of the opinion that the altcoin could experience substantial gains once the market stabilizes and establishes new support levels.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-653990\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?resize=1024%2C646\" alt=\"\" width=\"1024\" height=\"646\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=1377 1377w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_32706d.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>A firm bullish outlook is indicated by the price targets for XRP, which range from $8 to $13, provided that the market conditions are in alignment.<\/p>\n<p>The analyst said there&#8217;s no change in her long-term outlook. &#8220;$8-$13 target is not too far from here,&#8221; she added.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/poland-could-lead-with-bitcoin-reserve-presidential-hopeful-says\/\" target=\"_blank\" rel=\"noopener \">Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says<\/a><\/div>\n<h3>Legal Support<\/h3>\n<p>Meanwhile, XRP has recently received a legal boost. The Securities and Exchange Commission was accused of overreaching in the crypto space by <a href=\"https:\/\/uniquehot.com\/news\/crypto-vs-gensler-18-states-file-lawsuit-against-sec-over-alleged-industry-persecution\/\" target=\"_blank\" rel=\"noopener \">18 US states in lawsuits<\/a> filed last Thursday.<\/p>\n<p>Despite the fact that the lawsuits have not explicitly referenced XRP, the case has the potential to facilitate the establishment of a more supportive regulatory environment for crypto assets, which would likely be advantageous to Ripple and XRP.<\/p>\n<p>A pullback may be imminent in the near future. However, the future of XRP appears promising for those who approach it correctly, given the firm support and heightened bullish sentiment.<\/p>\n<p><em>Featured image from DALL-E, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, XRP has experienced a significant increase in value, reaching a three-year peak of $1.27. The token is currently trading at $1.09 on a sustained weekly increase of 80%, and many investors are contemplating whether this marks the beginning of a new bull run. Related Reading: Solana Market Cap Hits Milestone: $400 Price Target Gains Traction Nevertheless, a seasoned analyst is uncertain. She cautions that XRP has demonstrated bullish potential; however, it is probable that a correction will occur before the altcoin can make its next significant move. XRP Hits 3-Year High &#8211; What&#8217;s Next? The recent increase in the price of XRP to $1.26 has piqued the interest of traders, indicating a resurgence in market optimism. For the first time in years, the altcoin surpassed the $1 threshold, a feat that many believed was unattainable. CasiTrades advises caution in spite of this encouraging trend. She anticipates that the altcoin will experience a temporary decline before it can resume its upward trajectory. XRP is currently trading at $1.09, a decrease of approximately 3.5% from its weekend peak. This suggests that there may be a short-term cooldown. This decline may indicate that the market is anticipating a more advantageous entry point before attempting to increase the price. Anticipating The &#8216;Appropriate Entry Point&#8217; CasiTrades has identified several critical price levels for potential buy-ins. She suggests that the 0.382 Fibonacci retracement level at $0.98 be monitored. The 0.5 level at $0.88 could also be a good opportunity to enter the altcoin before the price heads back up if the price declines further. These retracement levels indicate that XRP is currently in a typical consolidation phase following a significant rally, providing investors with an opportunity to enter the market prior to the next significant surge. Although the correction is anticipated to be temporary, it offers a significant opportunity for those who have been hesitant to invest to do so at a more favorable price. I&#8217;m back with an important update on #XRP! Exciting times ahead, but a reminder to avoid chasing price action. Wait for the retracement to key levels (ABC, W4) and let the market structure confirm your entry. Here&#8217;s what I see- Strong confirmation the lows are in \u2705 with a\u2026 pic.twitter.com\/16mb8ZmTDo \u2014 CasiTrades \ud83d\udd25 (@CasiTrades) November 18, 2024 XRP: Long-Term Bullish Outlook CasiTrades remains optimistic regarding the long-term potential of XRP, despite the anticipated decline. She is of the opinion that the altcoin could experience substantial gains once the market stabilizes and establishes new support levels. A firm bullish outlook is indicated by the price targets for XRP, which range from $8 to $13, provided that the market conditions are in alignment. The analyst said there&#8217;s no change in her long-term outlook. &#8220;$8-$13 target is not too far from here,&#8221; she added. Related Reading: Poland Could Lead With Bitcoin Reserve, Presidential Hopeful Says Legal Support Meanwhile, XRP has recently received a legal boost. The Securities and Exchange Commission was accused of overreaching in the crypto space by 18 US states in lawsuits filed last Thursday. Despite the fact that the lawsuits have not explicitly referenced XRP, the case has the potential to facilitate the establishment of a more supportive regulatory environment for crypto assets, which would likely be advantageous to Ripple and XRP. A pullback may be imminent in the near future. However, the future of XRP appears promising for those who approach it correctly, given the firm support and heightened bullish sentiment. Featured image from DALL-E, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":653996,"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":[142,428,6664,3680,3799,4531],"class_list":["post-653987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-ripple","tag-sec","tag-xrp"],"acf":[],"yoast_head":"\n<title>$13 XRP? Analyst Says It\u2019s Closer Than You Think<\/title>\n<meta name=\"description\" content=\"Recently, XRP has experienced a significant increase in value, reaching a three-year peak of $1.27. 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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. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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