Glimpse

<p>The post <a rel="nofollow" href="https://coinpedia.org/altcoin/xrp-price-prediction-analyst-anticipates-dip-to-0-28-then-surge-to-1/">XRP Price Prediction: Analyst Anticipates Dip to $0.28, Then Surge to $1</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p><a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> stands at a pivotal crossroads. A comprehensive assessment by Poseidon, a well-acknowledged crypto pundit, offers insights into the coin’s future trajectory. With the recent turbulence, where does XRP go from here?</p> 
<p>Let’s break down Poseidon’s prediction and analysis.</p> 
<h2 id="a-look-back-at-xrps-performance" data-name="a-look-back-at-xrps-performance" class="wp-block-heading">A Look Back at XRP’s Performance </h2> 
<p>In its heyday, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP</a> stood out among its peers, experiencing a meteoric rise, particularly during market bubbles. However, a lawsuit against the coin prompted a surge that was not sustained due to a lack of buyers.</p> 
<p>The recent erratic behavior of XRP points to two key levels: $0.40 (the midpoint) and $0.28 (the lower limit). Poseidon predicts that XRP will soon dip to $0.40.</p> 
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   <p lang="en" dir="ltr">Deep dive into <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> <br><br>Monthly chart<br>In the echo bubble, xrp was the one that increased the most compared to rival large cap coins. When you look at the candle closings of the last 2 months, it suddenly jumped upwards with the news of the lawsuit from the range movement it created… <a href="https://t.co/oqDlyl9aBz">pic.twitter.com/oqDlyl9aBz</a></p>— Poseidon (@CryptoPoseidonn) <a href="https://twitter.com/CryptoPoseidonn/status/1699063107493199945?ref_src=twsrc%5Etfw">September 5, 2023</a>
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<h2 id="a-glimpse-of-the-weekly-chart" data-name="a-glimpse-of-the-weekly-chart" class="wp-block-heading"><strong>A Glimpse of the Weekly Chart</strong></h2> 
<p>The weekly chart shows XRP’s sudden ascent, which was primarily driven by news events. A continued bullish trend would have seen the coin settle above its high range, but it appears to have stalled due to a lack of buyers.</p> 
<p>The current scenario indicates a potential drop to the $0.40 level. After that, a slight surge is expected, followed by a slump to the $0.28 level. Poseidon highlights the volatile nature of the crypto market by saying, “This market is unforgiving.”</p> 
<p>Read More: <a href="https://coinpedia.org/altcoin/ripple-news-xrp-price-faces-uncertainty-two-months-after-sec-vs-ripple-verdict/">XRP Price in Turmoil After SEC vs. Ripple Verdict: Does It Get Better From Here?</a></p> 
<h2 id="narrowing-down-xrps-daily-outlook" data-name="narrowing-down-xrps-daily-outlook" class="wp-block-heading">Narrowing Down: XRP’s Daily Outlook </h2> 
<p>The daily chart shows a series of rapid hikes followed by slower, more painful declines. The swift fall from its peak has left a gap, creating a window of uncertainty.</p> 
<p>Poseidon says that if XRP dips below $0.28, he would reconsider investing, with the goal of a 15-fold return on a bullish run. While there is no certainty about its all-time high, the odds of XRP reaching $1 in a favorable bull market remain promising.</p> 
<p>At present, with XRP trading at $0.50 and showing bearish signs both daily and weekly, the market awaits its next move.</p>

XRP Price Prediction: Analyst Anticipates Dip to $0.28, Then Surge to $1

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