Long

April

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 <p class="paragraph">The price of XRP has sparked speculation regarding its persistent trading in consolidated phases below the $1 mark despite receiving partial legal clarity that declared it not a security.</p>
 <p class="paragraph">At the same time, the asset has struggled to make substantial gains amid the ongoing market rally. Looking ahead at how XRP might trade, crypto analyst<em> Egrag Crypto</em>, in an X (formerly Twitter) post on March 10, suggested that the token will likely present a <a rel="noopener noreferrer nofollow" title="window" href="https://thebittimes.com/tag/window.html">window</a> of <a rel="noopener noreferrer nofollow" title="opportunity" href="https://thebittimes.com/tag/opportunity.html">opportunity</a> for investors and rally significantly.</p>
 <p class="paragraph">In his view, based on several technical indicators, the asset has the potential for significant gains. He pointed out the ‘White Ascending Triangle,’ and a breakout from this pattern could propel XRP’s price to $17.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="680" height="297" src="https://cdn.thebittimes.com/images/2024/03/10/a62a69cec8bdda80ea435f0034215c49.webp" alt class="wp-image-159985" srcset="https://cdn.thebittimes.com/images/2024/03/10/a62a69cec8bdda80ea435f0034215c49.webp 680w, https://cdn.thebittimes.com/images/2024/03/10/a62a69cec8bdda80ea435f0034215c49.webp 300w" sizes="(max-width: 680px) 100vw, 680px">
  <figcaption class="wp-element-caption"><em>XRP price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> chart. Source: TradingView/Egrag Crypto</em>
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 <p class="paragraph">The rationale behind this prediction is tied to the recent all-time high of Bitcoin (BTC), where he speculated that the maiden crypto might experience a slight pullback before resuming its upward trajectory. This perceived <a rel="noopener noreferrer nofollow" title="window" href="https://thebittimes.com/tag/window.html">window</a> of <a rel="noopener noreferrer nofollow" title="opportunity" href="https://thebittimes.com/tag/opportunity.html">opportunity</a> for XRP falls between April and July 2024.</p>
 <h2 class="wp-block-heading" id="h-xrp-s-potential-to-hit-27">XRP’s potential to hit $27</h2>
 <p class="paragraph">At the same time, he highlighted the ‘Yellow Ascending Triangle’ where the analysts suggested that a breakout from this pattern could drive XRP’s price to $27. Reaching such a target would drive XRP over a $1.4 trillion market cap, surpassing Bitcoin’s current capitalization.</p>
 <p class="paragraph">He boldly predicted that 2025 would be the “year of Utility Bull Run” for XRP. The reasoning behind this assertion is tied to Bitcoin’s expected cycle top of around $200,000, marking a tenfold increase from the previous cycle.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“The breakout move could push the price to $27, which is around 100X from 0.28c. I understand that 99% may not comprehend that 2025 will be the year of Utility BULLRUN. &lt;…&gt; Therefore, my window of opportunity for XRP will be Q4 2024 to Q1 2025,” he said.&nbsp;</p>
 </blockquote>
 <p class="paragraph">It is worth noting that although the technical indicators may point to a possible bullish outlook, the asset’s significant prospects also lie in the ongoing legal cases between Ripple and the Securities Exchange (SEC).&nbsp;</p>
 <p class="paragraph">Notably, the case has affected the token’s trajectory in the past. Recently, no significant SEC-related developments are likely to impact the value of XRP.&nbsp;</p>
 <p class="paragraph">In the latest update, the SEC must file its remedy-related brief by March 22, and Ripple must file its remedy-related brief by April 22.</p>
 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">By press time, the value of XRP was at $0.62, reflecting a weekly decline of approximately 0.70%. Despite this, over the past 30 days, the token has seen an impressive gain of about 18%.</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/03/10/f354ad449cef1c5dcdf11489c0bb1aea.webp" alt class="wp-image-159987" srcset="https://cdn.thebittimes.com/images/2024/03/10/f354ad449cef1c5dcdf11489c0bb1aea.webp 675w, https://cdn.thebittimes.com/images/2024/03/10/f354ad449cef1c5dcdf11489c0bb1aea.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>XRP seven-day price chart. Source: Finbold</em>
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 <p class="paragraph">While the analyst has forecasted substantial gains for XRP, the token faces a formidable challenge in surpassing the $1 level. Achieving this milestone would potentially unlock more opportunities for a sustained uptrend.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/here-s-a-window-of-opportunity-that-could-see-xrp-hit-27-tbt82151.html">https://thebittimes.com/here-s-a-window-of-opportunity-that-could-see-xrp-hit-27-tbt82151.html</a></p>

Here’s a ‘window of opportunity’ that could see XRP hit $27

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TheBitTimes

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