Rally

2024

CRYPTO

<p>The post <a href="https://coinpedia.org/news/xrp-price-poised-for-10x-rally-in-next-3-months-only-if-this-happens/">XRP Price Poised For 10x Rally in Next 3 Months, Only If This Happens</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned cryptocurrency analyst Egrag Crypto has sent ripples through the XRP community with a daring forecast, envisioning a substantial surge that could propel XRP to $5 within the next three months. Egrag Crypto highlights three key factors from the chart analysis that contribute to this bullish prediction.</p> 
<h2 class="wp-block-heading" id="h-blue-channel-vs-red-channel">Blue Channel vs. Red Channel</h2> 
<p>Egrag Crypto looked at how two channels, the Blue and Red, might work together in a way that could make the price of XRP drop quickly to 0.28c and then go up to 0.41c. He noticed that XRP has been spending a lot of time in the blue channel for almost 600 days since May 2022, compared to 580 days in the red channel before it went up a lot.</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> Blue Channel vs. Red Channel Unveiled:<br><br>To decipher the intricate details within the chart below, let's break it down into three crucial sections:<br><br>1) Blue Channel in comparison to Red Channel: <br>Should the Blue Channel align with the Red Channel, a potential flash crash to… <a href="https://t.co/2w5hmoH872">pic.twitter.com/2w5hmoH872</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1748261147923427665?ref_src=twsrc%5Etfw">January 19, 2024</a>
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<p>Even though there’s some difficulty, the bottom part of the blue channel seems strong, showing a pattern of not going too low. Egrag also thinks that if Bitcoin’s price falls, it might affect XRP, making some people sell because they’re not sure. This could be a way for big players in the market to get rid of people who might sell easily.</p> 
<h2 class="wp-block-heading" id="h-upper-targets-for-bull-run">Upper Targets for Bull Run</h2> 
<p>Further <a href="https://coinpedia.org/news/here-is-when-xrp-going-to-hit-5-says-crypto-analyst-egrag/">Egrag Crypto says</a> it’s important to look at specific levels like 0.60c, 0.75c, 0.95c, and $1.3. If XRP closes higher than any of these levels for a whole week, it’s a good sign. It means there’s strong support, and the price might keep going up. These levels, found using channel analysis, help us understand how prices might act in a big way.</p> 
<h2 class="wp-block-heading" id="h-caution-in-volatility">Caution in Volatility</h2> 
<p>Considering the chance for a big change in percentage, similar to what happened in 2017-2018, Egrag Crypto <a href="https://coinpedia.org/news/here-is-when-xrp-going-to-hit-5-says-crypto-analyst-egrag/">thinks that a 50% drop</a> could happen. He wants to make sure everyone is ready for anything and strongly advises against using too much-borrowed money (leveraging) to avoid big losses.&nbsp;</p> 
<p>Even though it might be tough, Egrag Crypto sees this situation as a rare chance for people from different generations to buy in at a good price. He even advises maintaining composure as market makers may engineer an independent surge that could potentially propel XRP to $5 in the next 90 days.&nbsp;</p>

XRP Price Poised For 10x Rally in Next 3 Months, Only If This Happens

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