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<ul> 
 <li>Analyst Crypto Egrag forecasts a 39,000% surge to $220 for the crypto asset XRP.</li> 
 <li>He sees a bull run signal, 12 and 24 SMA crossover anticipates XRP bull run initiation.</li> 
 <li>Mixed views on SEC approval as Valkyrie hints at potential launch.</li> 
</ul> 
<p>Crypto analyst <a href="https://twitter.com/egragcrypto" target="_blank" rel="noreferrer noopener nofollow">Ergag Crypto</a> has set the stage for bullish expectations in the <a href="https://cryptonewsland.com/xrp-community-awaits-judges-judgment/">XRP community</a>, suggesting that the <a href="https://cryptonewsland.com/xrp-price-breakout-confirmed-after-pullback-whats-next/" target="_blank" rel="noreferrer noopener">digital asset may soar</a> to $220, representing a monumental 39,000% surge. Egrag’s analysis, based on Fibonacci levels, outlines crucial milestones at $1.2, $2.2, $5.8, $11, and $33 before reaching the coveted $220 mark.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> – GRB (Gamma-Ray Burst):<br><br>Note: GRB-These are incredibly energetic events that release an immense amount of gamma-ray radiation. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f30c.png" alt="🌌" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Reflecting on <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a>'s potential to mirror its 2017 trajectory, analyzing current price positions reveals crucial figures within The Fib… <a href="https://t.co/C9kx5aG04j">pic.twitter.com/C9kx5aG04j</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1744629963905540477?ref_src=twsrc%5Etfw">January 9, 2024</a>
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<p>Egrag emphasizes the potentially parabolic nature of this price movement, comparing it to a Gamma-Ray Burst (GRB) event. Drawing parallels to XRP’s historical performance, particularly in 2017 with a staggering 61,000% surge, the analyst hints at the potential magnitude of the upcoming rally.</p> 
<p>Key to predicting the initiation of the XRP bull run, Egrag points to the 12 and 24 SMA (simple moving average), marking a bullish cross as a clear signal. Anticipating a bull run approximately one month after this occurrence, investors eagerly await these technical indicators.</p> 
<p>Amidst these predictions, <a href="https://cryptonewsland.com/xrp-community-puzzled-over-sec-vs-ripple-silence-whats-brewing/" target="_blank" rel="noreferrer noopener">discussions surrounding an XRP ETF</a> gain momentum. Valkyrie’s CIO, Steven McClurg, suggests that the approval of Spot Bitcoin ETFs could pave the way for similar filings related to tokens like XRP. However, Fox Business Journalist Eleanor Terrett notes conflicting views within the industry regarding <a href="https://www.sec.gov/" target="_blank" rel="noreferrer noopener nofollow">SEC</a> approval for a single-product XRP Spot ETF.&nbsp;</p> 
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   <p lang="en" dir="ltr">Based on my conversations with industry around this today, there's definitely differing views on whether or not the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> would approve a single-product <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> spot ETF. <br><br>Bulls argue that XRP is the only digital asset that has received any kind of "regulatory clarity" from the… <a href="https://t.co/DcQTuNaKiZ">https://t.co/DcQTuNaKiZ</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1744817873401401483?ref_src=twsrc%5Etfw">January 9, 2024</a>
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<p>Bulls cite regulatory clarity and Grayscale’s move to reintegrate XRP into the GDLC Fund as positive signs, while bears argue that congressional intervention or a change in administration is necessary for approval, citing SEC Chair Gary Gensler’s perceived stance on crypto assets other than Bitcoin. The industry remains divided on the prospects of an XRP ETF as stakeholders navigate regulatory uncertainties.</p> 
<p><strong>Disclaimer:</strong> The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of <a href="https://cryptonewsland.com/" target="_blank" rel="noreferrer noopener">CryptoNewsLand</a> (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.</p> 
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<p>The post <a href="https://cryptonewsland.com/39000-surge-to-220-awaits-xrp-analyst-explains-how/">39,000% Surge to $220 Awaits XRP, Analyst Explains How</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

39,000% Surge to $220 Awaits XRP, Analyst Explains How

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