{"id":706,"date":"2024-10-20T07:00:19","date_gmt":"2024-10-20T07:00:19","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/crypto-analyst-sets-3-major-targets-for-xrp-price-going-as-high-as-4800-return\/"},"modified":"2024-10-20T07:00:19","modified_gmt":"2024-10-20T07:00:19","slug":"crypto-analyst-sets-3-major-targets-for-xrp-price-going-as-high-as-4800-return","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/crypto-analyst-sets-3-major-targets-for-xrp-price-going-as-high-as-4800-return\/","title":{"rendered":"Crypto Analyst Sets 3 Major Targets For XRP Price, Going As High As 4,800% Return"},"content":{"rendered":"

Renowned crypto analyst, \u2018Egrag Crypto\u2019 took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.\u00a0<\/p>\n

Major Resistance And Support Targets For XRP\u00a0<\/b><\/h2>\n

On 17 October, Egrag Crypto XRP price based on Channel B, a distinctive boundary XRP has struggled to breach for years. In the monthly time frame, XRP faces three primary resistance targets and three support marks.\u00a0<\/p>\n

XRP price action within Channel B is constrained by key resistance levels that may dictate whether the cryptocurrency can break free from its long-term consolidation cycle. According to the analyst\u2019s XRP price chart, the first major resistance level is seen around the $0.6450 price mark. Over the past few months, XRP has risen above $0.6, fueling hopes of a potential breakout but ultimately declining back to $0.5.\u00a0<\/p>\n

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A significant breakout from the $0.6450 level could signal a potential bullish momentum, but it would still remain within the bounds of Channel B. The second price target, $0.85 is a key target that XRP price has also struggled to maintain over the years. It also represents a mid-range of the entire XRP Channel B.\u00a0<\/p>\n

Lastly, at the top end of Channel B and highlighting the most crucial resistance level is the $1.1 threshold. A sustained break from this critical resistance could mean XRP may finally escape Channel B and rally to new levels.<\/p>\n

<\/p>\n

Additionally, assisting these key resistance levels are three major support levels. The first line of defense if XRP fails to hit $0.645 is the support level at $0.48. If the cryptocurrency also breaks down below $0.85, the next support can be seen at $0.38. Finally, if XRP fails to break through $1.1 resistance, it may find support around new lows at $0.28.\u00a0<\/p>\n

XRP Bullish Price Targets\u00a0<\/b><\/h2>\n

While highlighting key resistance and support levels for XRP, Egrag Crypto also emphasized three bullish price targets for XRP<\/a> if it can successfully close the monthly candle inside Channel B. The first major breakout target sees XRP potentially skyrocketing to $7.5, at the 1.236 Fibonacci retracement level.\u00a0<\/p>\n

The next major cycle target is the 1.414 Fibonacci retracement level, with XRP price possibly surging to $13 and marking explosive all-time highs.<\/a> The ultimate and final cycle target, according to Egrag Crypto, is the 1.618 Fibonacci retracement level. If XRP can reach this level, its price could skyrocket to $27, marking a monumental increase for the cryptocurrency and potentially positioning it among the top-performing digital assets in the market.\u00a0<\/p>\n

It\u2019s important to note that these predictions remain speculative, as XRP\u2019s price at the time of writing is still trading at $0.54, according to CoinMarketCap.<\/p>\n

Featured image from CPO Magazine, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Renowned crypto analyst, \u2018Egrag Crypto\u2019 took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.\u00a0 Major Resistance And Support Targets For XRP\u00a0 On 17 October, Egrag…<\/p>\n","protected":false},"author":1,"featured_media":707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[12,51,55,149,148],"class_list":["post-706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-altcoins","tag-crypto","tag-cryptocurrency-market-news","tag-ripple","tag-xrp"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=706"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/707"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}