2024

Momentum

<p>Top crypto analyst Egrag Crypto in a tweet outlined his bullish outlook for XRP price action in 2024 and 2025. In his February update, Egrag highlighted several important technical factors pointing to an upward move for XRP.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-strong"><strong>Technical Analysis</strong></h2>
<p>Egrag <a href="https://x.com/egragcrypto/status/1763120118668628348?s=20" target="_blank" rel="noopener noreferrer nofollow">notes</a> that XRP’s monthly candle for February is likely to close above the 21-day Exponential Moving Average (EMA), which would be a strongly bullish sign. He stresses that closing above the key $1 threshold would be crucial and imminent. Breaking above $1 is significant as it represents an important resistance level.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="436" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-1024x436.png" alt="" class="wp-image-445799" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-1024x436.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-766x326.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-1536x653.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-2048x871.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-353x150.png 353w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-823x350.png 823w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109-788x335.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1109.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Egrag also mentions that his target for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> lies in the 0.702 Fibonacci channel. Fibonacci retracements are a technical analysis tool used by traders to identify potential support and resistance levels. A move into this region between $1-$2.50 would coincide with a breakout from a multi-year falling wedge pattern on the XRP/USD chart.</p>
<h2 class="wp-block-heading" id="strong-price-predictions-strong"><strong>Price Predictions</strong></h2>
<p>In terms of price predictions, he outlined targets of $1, $2.50, $3.50, and as high as $10 to $27 based on previous all-time highs and Fibonacci extensions. He boldly stated that 2024 and 2025 will be life-changing years for many in the XRP community as the cryptocurrency reaches new heights. Egrag advised his X followers to maintain focus and composure through any interim volatility.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="436" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-1024x436.png" alt="" class="wp-image-445807" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-1024x436.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-300x128.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-766x326.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-1536x653.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-2048x871.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-353x150.png 353w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-823x350.png 823w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110-788x335.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1110.png 1281w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Egrag further <a href="https://x.com/egragcrypto/status/1763131123826135325?s=20" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> two important dates in 2024 – April 8th and August 26th – as potential catalysts for an XRP price “bullish cross” above key moving averages. Historical data showed previous cycles took around 140-280 days from the bullish crossover to reach a price top.&nbsp;</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>Consequently, Egrag extrapolated that similar upward movements could occur around those April and August dates. He stressed the importance of paying attention to price action over those periods.</p>
<p>Overall, the analyst laid out a very bullish long-term outlook for XRP based on his analysis of previous market cycles and key technical factors. If his predictions come to fruition, 2024-2025 could indeed see many in the XRP community achieve massive gains.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/wp-admin/post.php?post=445462&amp;action=edit" target="_blank" rel="noopener noreferrer nofollow">Popular Crypto Analyst Expecting 80% Bitcoin Price Crash – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/smart-trader-flips-0-2-eth-into-massive-gains-is-analysts-200-ethereum-price-prediction-next/" target="_blank" rel="noopener noreferrer nofollow">Smart Trader Flips 0.2 ETH into Massive Gains: Is Analyst’s 200% Ethereum Price Prediction Next?</a></li>
 <li><a href="https://captainaltcoin.com/will-spring-and-summer-warm-up-ripple-xrp-trading-price-and-will-kelexo-klxo-20x-as-aave-aave-rival-looks-to-rocket/" target="_blank" rel="noopener noreferrer nofollow">Will Spring and Summer warm up Ripple (XRP) trading price and will Kelexo (KLXO) 20X as Aave (AAVE) rival looks to rocket</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ripples-xrp-token-on-the-verge-top-expert-predicts-bullish-momentum-pay-attention-to-these-metrics/" rel="noopener noreferrer nofollow">Ripple’s XRP Token on the Verge: Top Expert Predicts Bullish Momentum – Pay Attention to These Metrics</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple’s XRP Token on the Verge: Top Expert Predicts Bullish Momentum – Pay Attention to These Metrics

Table of Contents

CaptainAltcoin

Other articles published on Feb 29, 2024

Bitcoin Price Volatility Leads to Surge in Liquidations

Buying Pressure From The US On Coinbase Fueled Ethereum (ETH) Rally: CryptoQuant

Canada Witnesses Surge in AI-Driven Fraud Attempts

Binance (BNB) Introduced VIP Programs For Non-Crypto Traders

Shiba Inu Skyrockets 700% as Whales Flood Market With More Inflows

Marathon Digital Holdings Unveils Anduro: A Bitcoin Layer-Two Network

Join our free newsletter for daily crypto updates!