- Analyst Egrag Crypto anticipates a break above $1.2 for XRP’s price.
- Further, analyst Dark Defender adds optimism on future price movements despite XRP’s current volatility.
- XRP price continued to trade sluggishly, with price trading at the $0.52 level.
Discover the latest insights on XRP’s potential price surge and market analysis from top crypto analysts.
Egrag Crypto Predicts XRP to Trade Between $1.2-$1.5
Egrag Crypto took to social media to share a detailed analysis of XRP’s price movements, suggesting a bullish trend. The first section of his post highlights a pattern known as the ‘White Triangle’ and its alignment with previous charts and Fibonacci levels 0.702 – 0.786, hinting towards a potential breakout. “The measured move is projected to be between $1.2 – $1.5,” Egrag added.
The critical break-out point is around $0.70 – $0.75, and the analyst stresses that XRP remains poised to break out in the coming weeks. Meanwhile, the second section highlighted that XRP is holding strong on the Atlas line, with resistance at $0.5777, support at $0.5000, and a break-out point at $0.6799. Although Egrag warns of a retest of the break-out in the short term, XRP remains poised for a “Mega Run” ahead, the analyst stated.
Dark Defender Pours Optimism Into Future Movements
Additionally, Dark Defender, in a post on social media, stresses the Ripple-backed token being in its ‘Grand Wave 3.’ The analyst draws attention to Heikin Ashi Candles, a trading analysis tool often used in combination with the Fisher Indicator, highlighting price movements on the weekly time frame.
XRP is expected to encounter a challenging zone between $0.6044 and $0.6649, Dark Defender proclaims. However, once the weekly candle closes above $0.6649, the Ripple-backed token remains poised for colossal gains.
Conclusion
Despite the current sluggish performance, analysts Egrag Crypto and Dark Defender maintain a positive outlook on XRP’s future price movements. With critical break-out points identified and potential bullish trends highlighted, XRP could see significant gains in the near future. Investors should keep a close watch on these developments for potential trading opportunities.
