CRYPTO

Coin

<ul class="news-points"> 
 <li>The analyst says XRP could also drop suddenly to $0.28 before bouncing to $0.41.</li> 
 <li>EGRAG CRYPTO says XRP’s current scenario presents challenges and also a generational buying opportunity.</li> 
 <li>According to EGRAG CRYPTO, XRP must overcome upper targets between $0.60 and $1.3 to validate a bullish trend.</li> 
</ul> 
According to the crypto analyst posting as <a href="https://twitter.com/egragcrypto/status/1748261147923427665" target="_blank" rel="nofollow">EGRAG </a><a href="https://twitter.com/egragcrypto/status/1748261147923427665" target="_blank" rel="nofollow">CRYPTO on</a><a href="https://twitter.com/egragcrypto/status/1748261147923427665" target="_blank" rel="nofollow"> X</a> (formerly Twitter), XRP must overcome upper targets between $0.60 and $1.3 to validate a bullish trend. EGRAG CRYPTO believes a weekly close above significant levels within that range would signify robust support and a continued upward trajectory. 
The analyst used custom indicators on a historical XRP/USD chart to explain his position. He identified potential long-term outcomes for XRP depending on how the price develops at critical points. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="1815" height="792" src="https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView.jpg" alt="" class="wp-image-364842" srcset="https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView.jpg 1815w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-300x131.jpg 300w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-1024x447.jpg 1024w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-380x166.jpg 380w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-768x335.jpg 768w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-1536x670.jpg 1536w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-159x69.jpg 159w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-795x347.jpg 795w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-440x192.jpg 440w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-414x181.jpg 414w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-326x142.jpg 326w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-377x165.jpg 377w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-123x54.jpg 123w, https://coinedition.com/wp-content/uploads/2024/01/XRPUSD-Chart-Source-TradingView-129x56.jpg 129w" sizes="(max-width: 1815px) 100vw, 1815px">
 </figure>
</div> 
XRPUSD Chart (Source: <a href="https://twitter.com/egragcrypto/status/1748261147923427665" target="_blank" rel="nofollow">TradingView</a>) 
In the shared image, EGRAG CRYPTO explained that XRP could crash suddenly if the Blue Channel aligns with the Red Channel. According to him, that could lead the price to drop to $0.28 before bouncing to $0.41. He considers the lower boundary of the Blue Channel resilient, judging from the consistent higher lows formed around …
The post <a href="https://coinedition.com/xrp-must-overcome-upper-targets-between-0-60-and-1-3-to-validate-bullish-trend-analyst/">XRP Must Overcome Upper Targets Between $0.60 and $1.3 to Validate Bullish Trend: Analyst</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

XRP Must Overcome Upper Targets Between $0.60 and $1.3 to Validate Bullish Trend: Analyst

Coin Edition

Other articles published on Jan 19, 2024

Top 7 Tokens To Challenge the Market Cap of Dogecoin in 2024

Prague Gaming & TECH Summit to Host Multiple Panels on Compliance and Tech Innovations

Crypto Prices Today: Bitcoin Plunges To $41K As ‘Sell the News’ Rout Deepens; Ether, Pepe Extend ...

Massive Weekly SHIB Burn Noticed, Still This Metric Goes Terribly Wrong

Don’t panic, but Bitcoin’s big comeback will have to wait

SEC Delays Decision On Fidelity’s Spot Ethereum ETF Until March

Join our free newsletter for daily crypto updates!