Satoshi

CRYPTO

Algorand

Read

<p>An analysis by EGRAG CRYPTO <a href="https://x.com/egragcrypto/status/1793196019263443158" target="_blank" rel="noopener noreferrer nofollow">forecasts key price targets</a> for Ripple’s XRP, with potential values of $1.96, $2.8, $15, and $66. This prediction employs a unique method of dividing historical cycle pumps by two, based solely on general liquidity. Notably, this analysis excludes factors such as utility, decentralized finance (DeFi), and automated market makers (AMM). Consequently, these targets represent a conservative estimate.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-forecast-strong"><strong>XRP Price Forecast</strong></h2>
<p>EGRAG CRYPTO emphasizes using past cycle data to predict future price targets. By examining the 2017 cycle, three impulsive waves were identified. Applying the divide-by-two strategy, potential price targets emerge at $1.96, $15, and $66. Similarly, using the 2021 cycle data, a target of $2.8 is predicted.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="426" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-1024x426.png" alt="" class="wp-image-495295" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-1024x426.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-300x125.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-766x319.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-1536x639.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-2048x852.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-360x150.png 360w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-100x42.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-841x350.png 841w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689-788x328.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-689.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The expert advises <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> investors not to panic if the price reaches $2.8-$3.5 and then retraces significantly. They point out that historically, 70% of investors take profits at this stage, often missing out on higher price targets. The analysis encourages a long-term holding strategy, similar to holding FANGMAN stocks from inception, which has consistently outperformed trading tactics.</p>
<h2 class="wp-block-heading" id="strong-investment-strategy-strong"><strong>Investment Strategy</strong></h2>
<p>EGRAG CRYPTO’s analysis underscores the importance of understanding market cycles and investor behavior. By focusing on general liquidity and historical patterns, this approach provides a realistic framework for price targets. While these targets exclude factors like XRP Ledger (XRPL) utility and DeFi, they offer a grounded perspective based on observable trends.</p>
<p>The analyst reminds investors to consider the long-term potential of XRP, much like the successful strategy of holding major tech stocks. The emphasis on steady holding over reactionary trading is a key takeaway from this analysis.</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">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </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><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></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><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/binance-coin-bnb-price-eyes-surge-to-920-algorand-algo-poised-for-7x-gains-heres-why/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Binance Coin (BNB) Price Eyes Surge to $920; Algorand (ALGO) Poised for 7x Gains – Here’s Why</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-sentiment-and-rsi-analysis-strong"><strong>Market Sentiment and RSI Analysis</strong></h2>
<p><a href="https://captainaltcoin.com/ripple-faces-resistance-at-symmetrical-trendline-but-analyst-forecasts-2000-run-for-xrp-heres-why/" target="_blank" rel="noopener noreferrer nofollow">As previously reported by Captain Altcoin</a>, analyst Javon Marks highlights XRP’s approach to a major converging point. The Relative Strength Index (RSI) pattern suggests strong underlying momentum, indicating a potential bullish breakout.&nbsp;</p>
<p>Marks sets a conservative breakout target of $15-$20, suggesting a possible 20x to 36x return from current levels. This projection equates to a more than 2,000% increase, echoing the sentiment of notable price appreciation.</p>
<p>EGRAG CRYPTO’s method of segmenting historical cycle pumps and dividing by two provides a strategic outlook for XRP investors. With price targets ranging from $1.96 to $66, this approach offers a conservative yet promising forecast.&nbsp;</p>
<p>Additionally, Javon Marks’ RSI analysis reinforces the potential for a bullish breakout, with substantial returns on the horizon. Besides, the analysts encourage investors to remain steady and consider long-term holding strategies to maximize potential gains.</p>
<p><em><strong>Join&nbsp;<a href="https://captainaltcoin.com/go/aethir/" target="_blank" rel="noopener noreferrer nofollow">Aethir’s exclusive airdrop</a>&nbsp;and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em>\</p>
<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/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" 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-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</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 RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/top-analyst-uses-unique-model-to-predict-ripples-xrp-could-reach-66-heres-his-outlook/" rel="noopener noreferrer nofollow">Top Analyst Uses Unique Model to Predict Ripple’s XRP Could Reach $66: Here’s His Outlook</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Top Analyst Uses Unique Model to Predict Ripple’s XRP Could Reach $66: Here’s His Outlook

Table of Contents

CaptainAltcoin

Other articles published on May 23, 2024

Why Ethereum (ETH) Price Surge Beyond $3,800 is Imminent

Solana Price Prediction: As Analysts Ask If A SOL ETF Is Next, This Solana Meme Coin Goes Ballist...

Cardano Founder Celebrates Major Network Milestone

Retik Finance (RETIK)’s Remarkable Journey from Presale to Launch

Elon Musk’s AI Forecast: Floki Inu, BONK, and RCO Finance (RCOF) Expected to Reach New Heights Soon

Bitbot and Dogecoin on the Ropes as Moonbag’s Presale Offers Investors a 9900% Bargain Trip to th...

Join our free newsletter for daily crypto updates!