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In a follow-up to his previous intricate analysis, renowned crypto analyst EGRAG CRYPTO has unveiled another riveting forecast for the XRP price trajectory. Drawing insights from his recent observations, Egrag points to a potential mammoth rise in XRP’s value, suggesting an impressive increase of 1,160%. This surge, he predicts, could elevate the digital asset’s price to an estimated $6.7, with possible fluctuations placing it within a range of $6.5 to $7. Here’s Why A 1,160% Move For XRP Seems Possible The genesis of this bold prediction lies in Egrag’s methodical approach to analyzing past price surges in XRP. Delving into the historical data, he assessed significant price jumps, specifically focusing on those candles that showcased a remarkable price increase of at least 300% in a single candle in the 4-month chart. Related Reading: XRP Price At Risk? SEC Chair’s Congressional Testimony Fuels Ripple’s Legal Battle The analyst found a total of six parabolic price spikes in the history of XRP that met this requirement. According to him, XRP recorded increases of 1,050%, 530%, 2,222%, 740%, 1,577%, and 841% within four months in the past. Through an average of these significant price moves, Egrag arrived at a potential 1,160% surge. Adding more weight to this forecast, he aligned this prediction with the Fibonacci extension level of 1.618. This is utilized to pinpoint potential resistance levels surpassing the swing high. Using the Fibonacci extension level, the analyst concludes that both indicators predict a similar price range. “This leads us to a tantalizing price prediction of $6.7, nestled within the range of $6.5 to $7. This prediction aligns beautifully with the Fib 1.618 level at $6.5,” the analyst concluded. A Steel Foundation For XRP Price In a foundational analysis preceding his latest forecast, EGRAG CRYPTO meticulously analyzed XRP’s price movements over a 4-month chart yesterday. He unveiled critical insights that now serve as the backbone of his current predictions. This prior analysis was punctuated by the identification of two salient price zones, termed by Egrag as zone A and zone B. Zone A encapsulates a price range from $0.00485 to $0.02483, which predominantly spanned from 2013 until early 2017. Within this zone, Egrag highlighted a robust support band ranging from $0.00485 to $0.00596, which he aptly named the “steel foundation”. What is remarkable about this foundation is its resilience; the price consistently held this level even during pronounced market downturns. Related Reading: XRP Price Analysis: 4-Month Chart Dynamics Decoded By Crypto Analyst Zone B, on the other hand, spans a price spectrum from $0.25939 to $2.00. The steel foundation for this zone was identified between $0.25939 and $0.32630. This foundation has exhibited strong support characteristics since 2017. However, Egrag noted that the combination of a prolonged bear market and external elements like the SEC lawsuit, momentarily nudged the price below this threshold. Furthermore, Egrag underscored that in the 4-month timeframe, XRP’s price never sealed a closing above the $2.00 mark. This observation is instrumental, as breaking this resistance could pave the way for XRP to approach its all-time high of $3.40, which it touched on January 7, 2018. According to the analyst, the $2 mark is the FOMO zone where investors will rush into buying XRP. At press time, XRP remained in its sideways trend of the past four weeks, trading at $0.4956. Featured image from Shutterstock, chart from TradingView.com

NewsBTC

XRP Price Set To Skyrocket: Crypto Analyst Predicts 1160% Surge Ahead

Ripple's IPO rumors, XRP's potential increase to $2, and Shiba Inu's BONE surge are among the things worth noting.

Crypto Potato

The Past 24 Hours for Ripple (XRP), Shiba Inu (SHIB), and More

BTC Price Predictions 2023-2032 How much is Bitcoin (BTC) worth? Today, the price of Bitcoin stands at $26,461, with a trading volume over the past 24 hours reaching $44.09 billion. Its market capitalization is $505.83 billion, and it currently commands 47.80% of the market share. Over the last 24 hours, the BTC price has experienced ... Read more

Cryptopolitan

Bitcoin Price Prediction 2023-2032: Will Bitcoin Bulls Rally?

In a recent analysis, the veteran crypto analyst EGRAG CRYPTO (@egragcrypto) has provided an optimistic prediction for XRP’s price, suggesting that it is preparing for a potential rally to $2. EGRAG’s analysis is based on a 4-month candle chart, which has revealed promising indicators for XRP’s future price movement. He highlighted that charts showing higher The post Citing Steel Foundation Scenarios, Top Chartist Predicts XRP Surge to $2 appeared first on Times Tabloid .

TimesTabloid

Citing Steel Foundation Scenarios, Top Chartist Predicts XRP Surge to $2

In a financial landscape punctuated by volatility, Bitcoin has once again made headlines, registering a 0.75% surge and settling at the $26,450 mark. What's driving Bitcoin's recent movement, and what's next? This analysis provides a forecast for its near-term future. Bitcoin has recently experienced a slight increase in value, possibly due to the announcement of bipartisan support for Bitcoin ETFs. ... Read More: Bitcoin Price Prediction: BTC Rises by 0.75% – Where is BTC Headed Next?

cryptonews

Bitcoin Price Prediction: BTC Rises by 0.75% – Where is BTC Headed Next?

In recent times, Hong Kong has found itself at the epicenter of a cryptocurrency maelstrom that has not only jolted investor confidence but also prompted regulators to spring into action. The JPEX crypto scandal, which has defrauded thousands of unsuspecting investors, is currently under intense scrutiny. As the city grapples with the aftermath, there are ... Read more

Hong Kong’s JPEX crypto scandal: A deep dive into the $175M controversy

Investors are exploring Tradecurve Markets in the ongoing TCRV presale. This is amid falling momentum for PancakeSwap and ApeCoin

crypto.news

Tradecurve Markets rallies in presale, PancakeSwap and ApeCoin remain under pressure

An altcoin project has achieved a surge of over 240% this month and secured a listing by a leading cryptocurrency exchange platform. Loom Network (LOOM) started September trading below $0.038 and rose to $0.13 within 25 days, marking a 242% increase. The post A Promising Altcoin Project Surges Over 240%: Will the Rally Continue? appeared first on COINTURK NEWS.

CoinTurk News

A Promising Altcoin Project Surges Over 240%: Will the Rally Continue?

With the rise of the internet, scams have become easier in every field, and cryptocurrencies are no exception. For instance, someone who reaches out to you through your social media account can easily deceive you with various social engineering methods. The post Beware of Cryptocurrency Scams: Binance CEO Warns Against Fake Projects appeared first on COINTURK NEWS.

Beware of Cryptocurrency Scams: Binance CEO Warns Against Fake Projects

Ethereum Price Prediction 2023-2032 “The Merge did not change anything for holders/users.” Is that a fact? Crypto prices are unlikely to see a major recovery without new or returning investors bringing cash back into the market. Unless the retail people enter the market, Ethereum won’t strongly blast above ATH. Maybe something sparks retail, though, like Coinbase, ... Read more

Ethereum Price Prediction 2023-2032: Will ETH reach $8000 soon?

ChatGPT-4 was asked about three cryptocurrencies that investors can buy and hold forever. The latest version of ChatGPT pointed to Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA). The post Artificial Intelligence Tools like ChatGPT by OpenAI can be valuable tools for investors who want to gather and combine complex pieces of information quickly to make situational assessments and assist in decision-making. appeared first on COINTURK NEWS.

Artificial Intelligence Tools like ChatGPT by OpenAI can be valuable tools for investors who want to gather and combine complex pieces of information quickly to make situational assessments and assist in decision-making.

Shiba Inu (SHIB) finds itself teetering on unstable terrain as it was briefly surpassed by Chainlink (LINK) in terms of market capitalization earlier today

U.Today

Shiba Inu (SHIB) Surpassed by Chainlink (LINK). Is It About to Leave Top 20?

Hedera (HBAR) recorded strong gains between September 12-14. The price of the cryptocurrency increased by 21.15% and lasted a little over two days. The post Hedera: Uncertainty Prevails! appeared first on COINTURK NEWS.

Hedera: Uncertainty Prevails!

Hackers and scammers continue to exploit security vulnerabilities. The Web3 world continues to fight against cyber threats in 2023. The post Where Did $890 Million Go in One Quarter? When Will Security Vulnerabilities End? appeared first on COINTURK NEWS.

Where Did $890 Million Go in One Quarter? When Will Security Vulnerabilities End?

The price of BTC has gone back and forth and today it fell back to yesterday’s levels. It rose to $26,850 before the drop. The post Current Crypto Currency Predictions: What Does Reaching the Peak of 1 Year Mean for Crypto Currencies? appeared first on COINTURK NEWS.

Current Crypto Currency Predictions: What Does Reaching the Peak of 1 Year Mean for Crypto Currencies?

Do Kwon, the founder of Terra Labs, finds himself in the midst of a battle against the Securities and Exchange Commission (SEC). The SEC is making intensive efforts for Kwon’s extradition to the United States. The post Do Kwon’s Legal Team Continues to Fight SEC for Extradition appeared first on COINTURK NEWS.

Do Kwon’s Legal Team Continues to Fight SEC for Extradition

Crypto currency analyst and strategist Kevin Svenson, known for his accurate predictions, stated that the decentralized oracle network Chainlink (LINK) that attracted attention with its rise seems ready for ongoing rallies. According to the analyst, LINK is preparing for a major breakout rally. The post Analyst Expects Major Breakout Rally in Altcoin that Made Headlines with its Rise appeared first on COINTURK NEWS.

Analyst Expects Major Breakout Rally in Altcoin that Made Headlines with its Rise

Binance, the world’s largest cryptocurrency exchange in terms of volume, is facing serious problems with payment providers and banking partners under regulatory pressure. As it is known, Paysafe, Binance’s banking partner, decided to end support for Euro deposits through Binance at the end of June. The post Binance Users Can Convert Euro Balances to USDT Following Paysafe’s Decision appeared first on COINTURK NEWS.

Binance Users Can Convert Euro Balances to USDT Following Paysafe’s Decision

The US Securities and Exchange Commission (SEC) has reportedly expedited the review and approval process of Exchange Traded Funds (ETFs) ahead of a potential government shutdown in the US. Bloomberg analysts Eric Balchunas and James Seyffart made a striking comment, stating that Valkyrie’s Ethereum (ETH) futures ETF is likely to receive approval from the SEC next week if everything goes as planned. The post Valkyrie’s Ethereum Futures ETF May Receive Approval Next Week appeared first on COINTURK NEWS.

Valkyrie’s Ethereum Futures ETF May Receive Approval Next Week

After witnessing a massive explosion in June, BCH corrected lower and entered the second half of the year in a bearish mode. However, it later established support and bounced back. Against Bitcoin, the price remains strong. Bitcoin Cash started to gain traction after locating support at $165.5 in August. It further broke out of a

NullTx

BITCOIN CASH PRICE ANALYSIS & PREDICTION (September 27) – BCH Poises For Bullish as it Recovers 40% in a Month

The post Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today? appeared first on Coinpedia Fintech News The Terra Classic (LUNC) ecosystem is experiencing a surge in bullish momentum, closely following the upward trajectory of its sister project, Terra LUNA. Recent market data from Binance-backed Coinmarketcap reveals a remarkable 214 percent increase in Terra Classic LUNC’s 24-hour trading volume, reaching approximately $59 million. This surge in demand for Terra Classic LUNC occurs …

coinpedia

Why are Terra (LUNA) and Terra Classic ( LUNC) Prices Surging Today?

Gemini, owned by the Winklevoss twins, "secretly" withdrew $282 million in crypto from Genesis months before the lender's bankruptcy.

AMB Crypto

Gemini withdrew $282 mln from Genesis months before latter’s bankruptcy

USDRIF Launches Offers New Possibilities In The Fight Against Currency Volatility

Crypto Daily

Manchester, United Kingdom, September 28th, 2023, Chainwire A new stablecoin pegged to the US Dollar, RIF US Dollar (USDRIF) has been launched on Rootstock, the blockchain network that brings smart contract functionality to Bitcoin. USDRIF has been designed to tackle real problems faced by people in countries across the world such as hyperinflation, local currency ... Read more

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