Analysts Say XRP Price Is Ready To Breakout, Here Are The Targets
April 03 2024 - 5:00PM
NEWSBTC
Crypto analyst Egrag Crypto has stated that a breakout could be on
the horizon for the XRP price. He also outlined price targets that
the crypto token could hit if this price breakout were to happen
successfully. XRP Price Could Rise To As High As $0.78 Egrag
mentioned in an X (formerly Twitter) post that the next price
target for XRP is between $0.702 and $0.786. However, the crypto
analyst failed to give a timeline for when this price breakout
could happen. He also raised the possibility of a short-term move
to the downside but quickly added that it has no impact on XRP’s
long-term trajectory. Related Reading: Tether Buys 8,888
Bitcoin For $618 Million, But Why Is Price Down? Regarding XRP’s
long-term target, the accompanying chart that Egrag shared showed
that XRP could still rise to $7.5 at some point. The crypto analyst
labeled this price level as a “critical target level,” possibly in
relation to higher price targets that Egrag believes XRP can attain
before this bull run ends. The crypto analyst has, at different
times, predicted that XRP could rise to as high as $27 at the peak
of this market cycle. The $27 price prediction no doubt seems
ambitious, and XRP holders are more likely to set their focus on
Egrag’s more conservative prediction of $5. The crypto analyst
recently boldly claimed that XRP is “guaranteed” to see as much as
a 1000% gain on its way to a new all-time high of $5.5. Egrag
further mentioned that the crypto token will begin to experience
its rise to the $5 price range between this month and July.
Interestingly, Egrag boldly asserted in January that XRP would
reach $5 in the next 90 days, meaning that the crypto token is
meant to attain this price level sometime this month. Will
April Be Another Unfulfilling Month For XRP Holders? XRP holders
will be cautious about getting their hopes high despite Egrag’s
bullish predictions, which could be actualized this month. These
investors had many expectations for XRP in March, with crypto
analysts like Crypto Rover predicting earlier that XRP would
experience a “massive breakout” last month. Related Reading:
Buying Opportunity: Crypto Institutional Investors Pump $862
Million Into The Market However, that did not happen, as XRP
maintained a relatively tepid price action even when the broader
crypto market enjoyed significant gains at different points in
March. XRP’s underperformance last month further underlined its
rather unimpressive price action since the beginning of the year,
with a year-to-date (YTD) price loss of over 4%. At the time
of writing, XRP is trading at around $0.58, down in the last 24
hours according to data from CoinMarketCap. XRP fails to
break $0.6 resistance | Source: XRPUSDT on Tradingview.com Featured
image from CryptoRank, chart from Tradingview.com
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Mar 2024 to Apr 2024
Internet Computer (COIN:ICPUSD)
Historical Stock Chart
From Apr 2023 to Apr 2024