bullish

2024

MACRO

<p>Egrag Crypto, a top analyst on X, shared an important <a href="https://captainaltcoin.com/xrp-price-faces-bearish-pressure-expert-warns-of-further-decline/" target="_blank" rel="noopener noreferrer nofollow">update on the XRP price</a> against Bitcoin. His latest analysis highlights the significance of certain technical levels that could influence the next major price movement.&nbsp;</p>
<p>He pointed to a possible bullish trend that could send the pair surging if key resistance areas are cleared. The analyst emphasized the importance of closing above crucial levels to initiate the next phase of growth in the XRP/BTC chart.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> / <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> Official <a href="https://twitter.com/hashtag/BullRun?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BullRun</a> Announcement:<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4e2.png" alt="📢" class="wp-smiley" style="height: 1em; max-height: 1em;">(Update) <br><br>Check out the post from February 2024, where we anticipated <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> / <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> dipping to the MACRO Trendline bottom. The post also outlined different price scenarios if history rhymes with the last three pumps:… <a href="https://t.co/SfSnGi2JPw" target="_blank" rel="noopener noreferrer nofollow">https://t.co/SfSnGi2JPw</a> <a href="https://t.co/lGgG9afeus" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lGgG9afeus</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1835942223830982661?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 17, 2024</a>
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<h2 class="wp-block-heading" id="strong-key-resistance-areas-to-watch-strong"><strong>Key Resistance Areas to Watch</strong></h2>
<p>Egrag Crypto’s update reiterates the importance of monitoring the 21 EMA and a specific price level within the Triangle formation. According to his analysis, the first major hurdle is the 21 EMA.&nbsp;</p>
<p>Closing above this level could boost confidence in a bounce from the MACRO Trendline Bottom, which has held strong so far. The next key level is 0.000015, the edge of the current Triangle pattern. If XRP/BTC closes above this, Egrag believes that it will pave the way for a <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">price surge</a>.</p>
<h2 class="wp-block-heading" id="strong-xrp-price-scenarios-based-on-historical-trends-strong"><strong>XRP Price Scenarios Based on Historical Trends</strong></h2>
<p>In his February 2024 post, Egrag predicted that XRP/BTC might dip to the MACRO Trendline Bottom before any movement. He outlined various scenarios based on historical price patterns, where similar formations led to substantial pumps in the past.</p>
<p>If XRP/BTC clears both the 21 EMA and the Triangle edge, the analyst predicts a potential rise to 0.000027. This prediction is backed by historical data, where similar patterns triggered sharp increases in price. After reaching 0.000027, Egrag expects a possible retest of the 0.000015 level, which could solidify the bullish trend.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/warning-bitcoin-price-could-hit-80k-sooner-than-you-think-heres-how/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Warning: Bitcoin Price Could Hit $80k Sooner Than You Think – Here’s How!</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-what-comes-next-for-xrp-btc-strong"><strong>What Comes Next for XRP/BTC?</strong></h2>
<p>If this bullish scenario unfolds, Egrag refers to it as the opening of the “Valhalla Gateway,” indicating a potential long-term upward trend. While this sounds optimistic, the analyst cautions that it’s essential to monitor key levels closely before expecting any gains.</p>
<p>The XRP community, often referred to as the XRP Army, has been encouraged by Egrag to remain patient and steady, as the XRP chart’s current formation has accurately predicted past price pumps.</p>
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<p>The post <a href="https://captainaltcoin.com/is-xrp-against-bitcoin-set-for-rally-expert-reveals-key-price-levels-to-watch/" rel="noopener noreferrer nofollow">Is XRP Against Bitcoin Set For Rally? Expert Reveals Key XRP Price Levels To Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is XRP Against Bitcoin Set For Rally? Expert Reveals Key XRP Price Levels To Watch

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