Atlas

Coin

<ul class="news-points">
 <li>XRP Atlas line targets $1.5, with high conviction to break the White Triangle pattern.</li>
 <li>Critical Fib 1.618 zone ($6.5-$7.5) identified for profit-taking.</li>
 <li>A weekly close above Fib 1.618 could lead to mid-double-digit targets near Fib 2.414 &amp; 2.618.</li>
</ul>
XRP’s price could be headed for a significant upswing based on two key technical indicators and current market trends. As per the analysis shared by Egrag Crypto, the Atlas Line for XRP is raised to $7.5 with $1.5 as the initial target. Expressing a high conviction of breaking the White Triangle pattern, Egrag Crypto is confident XRP will surpass this initial resistance level.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdwaxa8tIUw6rJpscRuN6jzvZX1iWtW9NzgomWFJkX6US-SoJGfFASmxJN-bmDHC-LNy1NWNcHiu3WT_ACuqLosLKCsjDrcyTv5IeSFw1QXd5s1-D5cj2V38Ecwc7fCIESW988ql-zXfCPJCdV9w9VOwHRj?key=-quYCMcTncyq8kM_j9WlKQ" alt="">
</figure>
Next, the analysis highlights a key price zone between $6.5 and $7.5, known as the Fib 1.618, where profit-taking is expected to occur. Traders and investors are therefore advised to keep a close eye on this zone for potential price movements and adjust their positions accordingly. If XRP manages to overcome the Fib 1.618 level in a week, the analyst predicts the next targets to be in the mid-double digits, near the Fib 2.414 and 2.618 levels. This suggests further upside potential in XRP’s price action, as long as the current bullish mome…
The post <a href="https://coinedition.com/xrp-to-the-moon-crypto-analyst-bullish-on-xrp-price-with-7-5-target/" rel="noopener noreferrer nofollow">XRP to the Moon? Crypto Analyst Bullish on XRP Price with $7.5 Target</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP to the Moon? Crypto Analyst Bullish on XRP Price with $7.5 Target

Coin Edition

Other articles published on Jun 10, 2024

Cardano Price Prediction June 2024- ADA To Reach $3?

Michael van de Poppe Analyzes Bitcoin and Ethereum

Investors See Potential Buying Opportunity in PEPE

Euro Power Play: Ripple and Clear Junction Team up for Faster Cross-Border Payments

Bitcoin Stabilizes at $69K After Sudden Sell-Off Amid Volatile Market Conditions

South Korea’s FSC Introduces NFT Guidelines on Unique Traits

Join our free newsletter for daily crypto updates!