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<p>XRP, the cryptocurrency&nbsp;associated with Ripple, is poised for an imminent price surge. According to crypto analyst EGRAG CRYPTO, XRP is displaying a similar pattern to previous price rallies, suggesting an impending pump to $0.75.&nbsp; Additionally, Grayscale’s decision to include XRP back into its Digital Large Cap Fund (DLCF) is expected to bolster demand and potentially drive prices higher.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-xrp-price-analysis-strong"><strong>XRP Price Analysis</strong></h2>
<p>EGRAG CRYPTO recently <a href="https://x.com/egragcrypto/status/1794431643370848450" target="_blank" rel="noopener noreferrer nofollow">highlighted that XRP is dipping</a> below the 100-day moving average (MA), consolidating, and then pumping above it. He emphasized that this time, the close above the 100 MA would be significant, suggesting a robust bullish trend.&nbsp;</p>
<p><em>“The next pump should start, close above the 100 MA, and hold it as support to confirm the break-out,”</em> he stated. This pattern has historically preceded price increases, making the current consolidation phase critical for investors.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/top-kaspa-analysts-agree-kass-next-move-will-be-a-big-one-following-breakout-heres-the-price-target/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Top Kaspa Analysts Agree: KAS’s Next Move Will Be a ‘Big One’ Following Breakout—Here’s the Price Target</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-grayscale-s-strategic-move-strong"><strong>Grayscale’s Strategic Move</strong></h2>
<p>Grayscale, a leading digital asset management firm, has reintroduced <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> into its Digital Large Cap Fund (DLCF). According to Good Morning Crypto, XRP will represent 1.49% of the DLCF portfolio allocation starting in 2024.&nbsp;</p>
<p>This inclusion is noteworthy as Grayscale’s funds are widely respected and followed by institutional investors. The addition of XRP is expected to increase demand and potentially have a bullish impact on its price in 2024.</p>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> GRAYSCALE ADDS <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> BACK INTO “DIGITAL LARGE CAP FUND”! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br><br>As of 2024, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> Will Represent 1.49% Of The DLCF Portfolio Allocation !!<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Will this new demand have a Bullish impact on <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> in 2024 ? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f914.png" alt="🤔" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4ad.png" alt="💭" class="wp-smiley" style="height: 1em; max-height: 1em;"> <br> <br>Comment Below &amp; Follow For More! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/CryptoNews?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CryptoNews</a> <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/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ripple</a>… <a href="https://t.co/YLSEKkjjr1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/YLSEKkjjr1</a></p>— Good Morning Crypto (@AbsGMCrypto) <a href="https://twitter.com/AbsGMCrypto/status/1794384004512207102?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 25, 2024</a>
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<h2 class="wp-block-heading" id="strong-community-sentiment-and-future-outlook-strong"><strong>Community Sentiment and Future Outlook</strong></h2>
<p>The XRP community, often referred to as the XRP Army, has been urged to stay steady during this critical period. Moreover, EGRAG CRYPTO reassured them that the next couple of months would be epic, highlighting the importance of patience and resilience. The confluence of technical indicators and institutional interest suggests a promising future for XRP.</p>
<p>Hence, XRP is at a pivotal moment, with technical patterns indicating a potential price surge and institutional support from Grayscale promising increased demand. Besides, as the XRP community remains vigilant, the next few months could indeed be transformative as urged by Egrag.</p>
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<p>The post <a href="https://captainaltcoin.com/ripples-xrp-price-forecast-will-grayscales-support-fuel-a-rally-to-this-next-target/" rel="noopener noreferrer nofollow">Ripple’s XRP Price Forecast: Will Grayscale’s Support Fuel a Rally Past this Next Target?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple’s XRP Price Forecast: Will Grayscale’s Support Fuel a Rally Past this Next Target?

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