{"id":662606,"date":"2024-12-15T07:00:56","date_gmt":"2024-12-15T07:00:56","guid":{"rendered":"https:\/\/uniquehot.com\/?p=662606"},"modified":"2024-12-15T09:30:49","modified_gmt":"2024-12-15T09:30:49","slug":"xrp-set-for-surge-to-2-90-analyst-explains-how","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-set-for-surge-to-2-90-analyst-explains-how\/","title":{"rendered":"XRP Set For Surge To $2.90, Analyst\u00a0Explains How"},"content":{"rendered":"

Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. <\/span>The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However, XRP alongside crypto market leader Bitcoin has only seen little gains so far in December.
\n<\/span><\/p>\n

Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances<\/a><\/div>\n

XRP\u2019s Path To $2.90\u00a0<\/strong><\/h2>\n

In an X post on December 14<\/a>, Egrag Crypto shares a potential price trajectory for XRP to reach $2.90.\u00a0<\/span><\/p>\n

Firstly, the analyst notes the asset has been moving between $2.27-$2.50 confirming a market move to gather momentum for a major price breakout in an upward direction. This notion follows a previous prediction whereby a price fall below $2.27 could have set XRP for a decline to around $2.17.\u00a0<\/span><\/p>\n

However, in order to initiate any uptrend, Egrag stresses it is important that XRP closes above $2.50 on its hourly chart, which should result in a significant price gain. <\/span>Thereafter, the altcoin is expected to retest $2.60. This suggests the need for market bulls to mount high-buying activity at this price level which is to function as a strong support zone that propels future price gain.<\/span><\/p>\n

Following a successful retest at $2.60, Egrag <\/span>predicts XRP will resume its bullish trajectory, reaching a local peak of $2.90, leaving the asset just 24.4% away from its all-time high.<\/p>\n

\"XRP\"
Source: Egrag Crypto <\/span>on X<\/figcaption><\/figure>\n
Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down<\/a><\/div>\n

XRP Potential 2017 Repeat Predicts New ATH In January<\/strong><\/h2>\n

Following XRP’s price surge in November, analysts have re-echoed the possibility<\/a> of the altcoin mirroring its first-ever major bull run from 2017.\u00a0<\/span><\/p>\n

X analyst Crypto Bull has most recently<\/a> dropped a take on this discourse stating XRP could hit a new all-time high on exactly January 2 if the 2017 cycle repeat proves true. Furthermore, the crypto analyst also predicts altcoin to be trading at $10 on January 15 representing a potential 4.16x on XRP\u2019s current market price.\u00a0<\/span><\/p>\n

Interestingly, certain XRP enthusiasts such as X user XRPE_Nomad expect<\/a> the altcoin to produce a better performance than from 2017 based on its increased utility and better regulatory clarity.\u00a0<\/span><\/p>\n

Generally, optimism around the third-largest cryptocurrency has been high following Donald Trump\u2019s victory in the US Presidential elections which guaranteed the replacement of SEC Chairman Gary Gensler<\/a> and a potentially swift end to the legal saga between the Commission and Ripple.<\/span><\/p>\n

At the time of writing, XRP trades at $2.40 reflecting a 1.18% loss in the past day. Meanwhile, the coin\u2019s daily trading volume valued at $7.48 billion has declined by 16.67%.<\/p>\n

\"XRP\"
XRP trading at $2.4004 on the daily trading chart | Source: XRPUSDT chart on Tradingview.com<\/a><\/figcaption><\/figure>\n
\n
Featured image from The Giving Block, chart from Tradingview<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However, XRP alongside crypto market leader Bitcoin has only seen little gains so far in December. Related Reading: XRP Price In Motion: Analyst Reveals The Next Major Supports And Resistances XRP\u2019s Path To $2.90\u00a0 In an X post on December 14, Egrag Crypto shares a potential price trajectory for XRP to reach $2.90.\u00a0 Firstly, the analyst notes the asset has been moving between $2.27-$2.50 confirming a market move to gather momentum for a major price breakout in an upward direction. This notion follows a previous prediction whereby a price fall below $2.27 could have set XRP for a decline to around $2.17.\u00a0 However, in order to initiate any uptrend, Egrag stresses it is important that XRP closes above $2.50 on its hourly chart, which should result in a significant price gain. Thereafter, the altcoin is expected to retest $2.60. This suggests the need for market bulls to mount high-buying activity at this price level which is to function as a strong support zone that propels future price gain. Following a successful retest at $2.60, Egrag predicts XRP will resume its bullish trajectory, reaching a local peak of $2.90, leaving the asset just 24.4% away from its all-time high. Related Reading: New Era For Crypto Regulation? SEC Chair Gensler Suggests He May Step Down XRP Potential 2017 Repeat Predicts New ATH In January Following XRP’s price surge in November, analysts have re-echoed the possibility of the altcoin mirroring its first-ever major bull run from 2017.\u00a0 X analyst Crypto Bull has most recently dropped a take on this discourse stating XRP could hit a new all-time high on exactly January 2 if the 2017 cycle repeat proves true. Furthermore, the crypto analyst also predicts altcoin to be trading at $10 on January 15 representing a potential 4.16x on XRP\u2019s current market price.\u00a0 Interestingly, certain XRP enthusiasts such as X user XRPE_Nomad expect the altcoin to produce a better performance than from 2017 based on its increased utility and better regulatory clarity.\u00a0 Generally, optimism around the third-largest cryptocurrency has been high following Donald Trump\u2019s victory in the US Presidential elections which guaranteed the replacement of SEC Chairman Gary Gensler and a potentially swift end to the legal saga between the Commission and Ripple. At the time of writing, XRP trades at $2.40 reflecting a 1.18% loss in the past day. Meanwhile, the coin\u2019s daily trading volume valued at $7.48 billion has declined by 16.67%. Featured image from The Giving Block, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":662610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[93670,85500,89746,4531,93669,10972,78763],"class_list":["post-662606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-2-90","tag-crypto-bull","tag-egrag-crypto","tag-xrp","tag-xrp-2017","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Set For Surge To $2.90, Analyst\u00a0Explains How<\/title>\n<meta name=\"description\" content=\"In an X post on December 14, EGRAG CRYPTO shares a potential price trajectory for XRP to reach $2.90.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/uniquehot.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Set For Surge To $2.90, Analyst\u00a0Explains How","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-set-for-surge-to-2-90-analyst-explains-how\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-set-for-surge-to-2-90-analyst-explains-how\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Now-Accepting-XRP-Blog-The-Giving-Block.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/Now-Accepting-XRP-Blog-The-Giving-Block.png?fit=1920%2C1080"},"articleSection":"XRP","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["$2.90","crypto bull","egrag crypto","xrp","xrp 2017","xrpusd","xrpusdt"],"dateCreated":"2024-12-15T07:00:56Z","datePublished":"2024-12-15T07:00:56Z","dateModified":"2024-12-15T09:30:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Set For Surge To $2.90, Analyst\\u00a0Explains How\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-set-for-surge-to-2-90-analyst-explains-how\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-set-for-surge-to-2-90-analyst-explains-how\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Now-Accepting-XRP-Blog-The-Giving-Block.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/Now-Accepting-XRP-Blog-The-Giving-Block.png?fit=1920%2C1080\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"$2.90\",\"crypto bull\",\"egrag crypto\",\"xrp\",\"xrp 2017\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-12-15T07:00:56Z\",\"datePublished\":\"2024-12-15T07:00:56Z\",\"dateModified\":\"2024-12-15T09:30:49Z\"}<\/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\/2024\/12\/Now-Accepting-XRP-Blog-The-Giving-Block.png?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/662606","targetHints":{"allow":["GET"]}}],"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\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=662606"}],"version-history":[{"count":4,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/662606\/revisions"}],"predecessor-version":[{"id":662647,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/662606\/revisions\/662647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/662610"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=662606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=662606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=662606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}