Crypto analyst EGRAG crypto not too long ago posted an evaluation of the varied eventualities for the value trajectory of XRP within the close to future. XRP, like most prime cryptocurrencies, has obtained many value predictions up to now few months, as your entire crypto market witnessed a constant enhance in exercise all through the fourth quarter of 2023.

Nevertheless, predicting the longer term outlook of cryptocurrencies could be a very difficult endeavor, however this crypto analyst, identified for his bullish stance on XRP, outlined completely different trajectories for XRP within the coming months, with a few of them being extra bullish than others. 

Fundamentals And Technicals Level To A Bullish XRP

XRP has been on a curler coaster journey this yr. The crypto went by way of the primary half of the yr nonetheless carrying on the burden surrounding Ripple’s lawsuit with the SEC since 2020. By the second half of 2023, XRP turned the primary cryptocurrency with authorized readability within the US. This prompted its value to skyrocket from $0.46 in lower than 24 hours to $0.82, the very best level in 15 months. 

Regardless of the crypto nonetheless being up by 80.45% this yr, the value has since corrected, and XRP is now buying and selling at $0.6225. In accordance with crypto analyst EGRAG’s evaluation, the crypto is nonetheless in a bullish mindset that may ship it over $1 within the coming months, a value degree it hasn’t seen since November 2021.

#XRP Coloration Code To $1.4:

If #XRP triumphantly closes above the Fib 0.5 degree at 0.57C with plain affirmation, we’re setting our sights on the $1.4!. This meteoric rise is simply across the nook. 🌟

However keep in mind, there’s extra to this story! Dive into the color-coded clues… pic.twitter.com/DC0ss6Ip27

— EGRAG CRYPTO (@egragcrypto) September 21, 2023

XRP Worth Situations and Potential Traits

Underneath the primary situation offered by EGRAG, XRP will attain $1.10 by February 2024. Nevertheless, the crypto might revisit one other swing low at $0.55 to $0.58 earlier than making this bullish run. If this occurs, it might make it a lot simpler for the crypto to to attain multiplier components over 10X and 20X.

Within the second doable consequence, XRP will surge to $1.4 within the first quarter of 2024. EGRAG famous that the eventual approval of spot Bitcoin ETFs within the US might transform a sell-the-news occasion, which might see XRP crashing again all the way down to $0.75 to $0.80 between July and September 2024. If this situation have been to play out, the $0.80 to $0.85 value degree would grow to be a robust “MACRO Resistance” for future value motion.

XRP market cap is presently at $33.7 billion. Chart: TradingView.com

Within the third and most bullish situation, XRP and your entire crypto market will surge alongside Bitcoin after the approval of spot ETFs within the US. Because of this, XRP might simply surpass its present all-time excessive by March 2024 and would possibly peak between $2.2 to $2.8.

It’s necessary to notice that the crypto trade will grow to be open to conventional traders by this level, together with massive Wall Road traders. EGRAG warned of potential manipulation of retail traders by the “massive boys,” including that “they’re ruthless and solely few will survive and emerge victorious.”

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