Future

Waves

<p style="text-align: justify">Matthew Dixon, the CEO of AI-based crypto rating firm Evai, recently made a critical statement about <a href="https://en.coin-turk.com/volatile-bitcoin-affects-altcoins-short-term-expectations-for-xrp-ada-and-doge/" data-wpel-link="internal">XRP</a>. Dixon, a trader and financial expert, conducted an analysis stating that the future of XRP depends on the performance of <a href="https://en.coin-turk.com/bitcoin-price-predictions-what-do-experts-expect-for-btc/" data-wpel-link="internal">Bitcoin</a>.</p> 
<p style="text-align: justify">In his analysis, Dixon referred to <a href="https://en.coin-turk.com/ripple-xrp-slides-amid-ongoing-sec-case-critical-market-movements-ahead/" data-wpel-link="internal">Ripple</a>‘s victory in mid-July and examined a distinct graph pattern consisting of 5 waves.</p> 
<h2 style="text-align: justify" id="analyst-s-xrp-price-chart-and-the-first-3-waves">Analyst’s XRP Price Chart and the First 3 Waves</h2> 
<p style="text-align: justify">According to the analyst, the first wave in XRP occurred on July 13. After a 73% increase in price, reaching $0.93, there was a price retracement. This retracement caused the price to drop to $0.69, marking the end of the 1st Wave.</p> 
<p style="text-align: justify">The arrival of the 2nd wave did not take much time, indicated by the price movement in XRP. After the drop to $0.69, the subsequent rise to $0.84 indicated the 2nd wave.</p> 
<p style="text-align: justify">This period of increase was not very promising for investors as XRP did not maintain its upward momentum. After reaching $0.84, the price started to decline again. In August, the price dropped from $0.84 to $0.42, marking the end of the 3rd Wave. This significant drop of 50% within just one month indicated a reversal for investors.</p> 
<p style="text-align: justify"><img decoding="async" class="aligncenter size-full wp-image-265203" src="https://coin-turk.com/wp-content/uploads/2023/10/xrp-yorum-xrp-fiyat.jpg" alt="" width="545" height="628"></p> 
<h2 style="text-align: justify" id="the-future-of-xrp-4th-and-5th-waves">The Future of XRP! 4th and 5th Waves</h2> 
<p style="text-align: justify">The drop in XRP brought it to the $0.42 level. As of the time of writing, it was consolidating between $0.45 and $0.54, with the price trading at $0.4998. Although the price did not fall below $0.45, it also failed to rise above the crucial level of $0.55, which could trigger an upward movement. According to Dixon, XRP may soon complete the 4th Wave, accompanied by a price movement above $0.55.</p> 
<p style="text-align: justify">Dixon also drew attention to a concerning point and added:</p> 
<blockquote> 
 <p>The decreasing trend in XRP’s daily Relative Strength Index (RSI). This divergence indicates weakening upward momentum and is likely a sign of an upcoming price drop.</p> 
</blockquote> 
<p style="text-align: justify">According to Dixon’s price prediction graph, XRP could drop to $0.35, indicating the end of the 5th Wave. While Dixon predicts a downward price movement for XRP, another analyst, EGRAG CRYPTO, suggested the possibility of a price between $3.5 and $4 for XRP in the future.</p> 
<div class="sorumluluk_reddi" style="text-align: justify">
 <strong>Disclaimer:</strong> The information in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and should conduct their own research when making transactions.
</div> Continue Reading: <a href="https://en.coin-turk.com/troubled-days-ahead-for-xrp-according-to-ceo-of-ai-based-crypto-rating-firm-evai/" data-wpel-link="internal">https://en.coin-turk.com/troubled-days-ahead-for-xrp-according-to-ceo-of-ai-based-crypto-rating-firm-evai/</a>

Troubled Days Ahead for XRP, According to CEO of AI-Based Crypto Rating Firm Evai

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