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<ul> 
 <li>XRP’s recent price action is compared to pre-2017 trends, suggesting similarities.</li> 
 <li>The analyst identifies support at 26 to 32 cents and resistance at 80 to 85 cents.</li> 
 <li>A rally past 83 cents could attract more buyers, especially after retesting the all-time high above $2.</li> 
</ul> 
<p>In a recent analysis by a fervent XRP enthusiast known as <a href="https://x.com/egragcrypto?s=20" rel="noopener noreferrer nofollow">EGRAG CRYPTO</a>, intriguing parallels have been drawn between XRP’s recent price movements and those observed in the years leading up to 2017. This comparison has sparked optimism among XRP investors, as it hints at the possibility of a promising trajectory for the cryptocurrency.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> Steel Foundation &amp; Eye-Opening Insights:<br><br>Behold the chart below, crafted from 4-month candles, revealing that higher time frames are less susceptible to deceptive signals. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f56f.png" alt="🕯" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Here are 5 strategic and profound takeaways to fuel your understanding of the <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> journey:<br><br>1⃣… <a href="https://t.co/775tRiXvtT" rel="noopener noreferrer nofollow">pic.twitter.com/775tRiXvtT</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1706556621017522333?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 26, 2023</a> 
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<p>EGRAG CRYPTO’s assessment is based on an examination of XRP’s price charts over the past five years, particularly focusing on four-month candlesticks. Notably, the analysis highlights a significant support zone within the 26 to 32 cents range. This range is seen as a robust foundation for XRP’s price action, providing a safety net in case of market downturns or capitulation.</p> 
<p>Conversely, the analysis also pinpoints a central psychological resistance zone for XRP, projected to be between 80 and 85 cents. Crossing this threshold could be a game-changer for the cryptocurrency, as it may trigger a surge in bullish sentiment. This, in turn, could entice more buyers into the market, potentially propelling XRP beyond what enthusiasts often refer to as the FOMO or fear of missing out zone.</p> 
<p>The analyst asserts that a decisive rally past the 83-cent mark could catalyze increased investor participation. This surge of confidence is anticipated to intensify after XRP retests its all-time high, which stands above the $2 mark. Ultimately, the identification of crucial support and resistance zones, coupled with the potential for a bullish rally, suggests that XRP may be on the verge of an exciting journey in the cryptocurrency market.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/lekki-free-zone-set-to-partner-gluwa-on-blockchain-technology/" rel="noopener noreferrer nofollow">Lekki Free Zone Set to Partner Gluwa On Blockchain Technology</a></li> 
 <li><a href="https://cryptonewsland.com/is-the-collapse-of-silicon-valley-bank-spelling-doom-for-stablecoins/" rel="noopener noreferrer nofollow">Is the Collapse of Silicon Valley Bank Spelling Doom for Stablecoins?</a></li> 
 <li><a href="https://cryptonewsland.com/ripple-xrp-bulls-have-steam-to-push-to-0-52-here-is-why/" rel="noopener noreferrer nofollow">XRP Bulls Have Steam to Push to $0.52 – Here’s Why</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-market-still-in-accumulation-zone-as-projects-grow-stronger/" rel="noopener noreferrer nofollow">Crypto Market Still in Accumulation Zone as Projects Grow Stronger</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrp-community-brace-for-the-2-range-urges-crypto-analyst/">XRP Community: Brace for the $2 Range, Urges Crypto Analyst</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Community: Brace for the $2 Range, Urges Crypto Analyst

Crypto News Land

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