{"id":564959,"date":"2023-12-12T14:00:51","date_gmt":"2023-12-12T14:00:51","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=564959"},"modified":"2024-06-11T11:19:29","modified_gmt":"2024-06-11T11:19:29","slug":"xrp-price-prediction-200","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/ripple\/xrp-price-prediction-200\/","title":{"rendered":"XRP Price Prediction: Crypto Analyst Expects 200% Jump As Critical Support Forms"},"content":{"rendered":"<p><a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/god-candle-xrp-price-crypto-analyst-target\/\"><span style=\"font-weight: 400\">Crypto analyst Egrag<\/span><\/a><span style=\"font-weight: 400\"> has provided insights into the current market conditions of the XRP price from a technical analysis perspective. He highlighted a critical support level for the crypto token and also <\/span><a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/crypto-4400-xrp-price-27\/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.\"><span style=\"font-weight: 400\">reasserted his bullish prediction<\/span><\/a><span style=\"font-weight: 400\"> for XRP when the bull run returns.\u00a0<\/span><\/p>\n<h2>XRP Could Rise To $2 From This Support Level<\/h2>\n<p style=\"text-align: center\"><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/47338928?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> shared on his X (formerly Twitter) platform, Egrag mentioned that XRP could rise to as high as $2 once it is able to hit the support level of $1.2. He shared an accompanying chart to drive home his point. From the chart, he noted that it was \u201cintriguing\u201d that XRP hasn\u2019t managed to close a monthly candle above $1.2 yet.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-price-major-events\/\">Bitcoin Price In Turmoil: Major Events That Could Affect Price This Week<\/a><\/div>\n<p style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-564960 aligncenter\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-Price-prediction.png?w=460&#038;resize=460%2C199\" alt=\"XRP Price prediction\" width=\"460\" height=\"199\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-Price-prediction.png?w=512 512w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-Price-prediction.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">Source: X<\/pre>\n<p><span style=\"font-weight: 400\">He further mentioned that so far, XRP has body candles, but a full-body candle hasn\u2019t materialized. Despite that, the crypto analyst is still bullish on the future trajectory of XRP. He confidently said that XRP will hit $2 once XRP \u201cfinally achieves a monthly candle close with a full body above $1.2.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering that many seem to be <\/span><a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/crypto-analyst-xrp-price-18\/#:~:text=XRP%20Price%20To%20Hit%20%2418,XRP%20was%20retesting%20the%20%240.6649.\"><span style=\"font-weight: 400\">losing hope in XRP\u2019s potential<\/span><\/a><span style=\"font-weight: 400\">, Egrag suggested that this move will provide renewed hope as he is convinced that it will trigger a \u201cmassive FOMO.\u201d Meanwhile, those who have continued to remain steadfast will be hoping that Egrag\u2019s prediction comes true as they believe that XRP is long overdue for a significant rally.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Egrag had <\/span><a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/crypto-4400-xrp-price-27\/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.\"><span style=\"font-weight: 400\">previously mentioned<\/span><\/a><span style=\"font-weight: 400\"> that XRP hitting $27 is a \u201cplausible target,\u201d considering that XRP saw a parabolic move back in 2017, with the token seeing a <\/span><a href=\"https:\/\/www.shenyangcang.com\/analysis\/xrp\/xrp-price-61000-surge-analyst\/#:~:text=XRP%20Price%20Repeating%2061%2C000%25%20Move%20Will%20Be%20Harder&amp;text=The%20crypto%20token%20is%20said,%E2%80%9Creal%2Dworld%20utility.%E2%80%9D\"><span style=\"font-weight: 400\">61,000% gain in 280 days<\/span><\/a><span style=\"font-weight: 400\">. He once again reasserted his bullish stance as he stated that he still has his sight set on the $27 mark.\u00a0\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/UkAeSsmV\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3266\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Token price fluctuates | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<h2>XRP Price Retesting Trendline<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/1300-xrp-price-breakout-to-8\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Crypto analyst JD<\/span><\/a><span style=\"font-weight: 400\"> also recently shared an outlook of XRP on the charts. He mentioned in an <\/span><a href=\"https:\/\/x.com\/jaydee_757\/status\/98505143?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">X post<\/span><\/a><span style=\"font-weight: 400\"> that XRP broke out of the multi-year trendline on the Non-Logarithmic Scale. Following that, XRP is currently retesting the trendline.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/ethereum\/ethereum-price-down-2200\/\">Why Is Ethereum Price Down To $2,200 Today?<\/a><\/div>\n<p><span style=\"font-weight: 400\">As to what the future holds for XRP, he noted that a bounce-off on the weekly close is bullish, as that could <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/xrp-price-set-to-explode-analyst-identifies-trigger-for-next-parabolic-move\/\"><span style=\"font-weight: 400\">signify a breakout or retest<\/span><\/a><span style=\"font-weight: 400\">. However, a break below the trendline could be a false breakout.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-564961 aligncenter\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-price.png?w=460&#038;resize=460%2C244\" alt=\"XRP price\" width=\"460\" height=\"244\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-price.png?w=512 512w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2023\/12\/XRP-price.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">Source: X<\/pre>\n<p><span style=\"font-weight: 400\">Meanwhile, another analyst, Crytoes, <\/span><a href=\"https:\/\/x.com\/cryptoes_ta\/status\/89639259?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">recently noted<\/span><\/a><span style=\"font-weight: 400\"> that the bears are still in control when it comes to the XRP market. He made this statement following XRP\u2019s daily close below the 21MA (Moving Average).<\/span><\/p>\n<p><span style=\"font-weight: 400\">At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Watcher Guru, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto analyst Egrag has provided insights into the current market conditions of the XRP price from a technical analysis perspective. He highlighted a critical support level for the crypto token and also reasserted his bullish prediction for XRP when the bull run returns.\u00a0 XRP Could Rise To $2 From This Support Level In a post shared on his X (formerly Twitter) platform, Egrag mentioned that XRP could rise to as high as $2 once it is able to hit the support level of $1.2. He shared an accompanying chart to drive home his point. From the chart, he noted that it was \u201cintriguing\u201d that XRP hasn\u2019t managed to close a monthly candle above $1.2 yet. Related Reading: Bitcoin Price In Turmoil: Major Events That Could Affect Price This Week Source: X He further mentioned that so far, XRP has body candles, but a full-body candle hasn\u2019t materialized. Despite that, the crypto analyst is still bullish on the future trajectory of XRP. He confidently said that XRP will hit $2 once XRP \u201cfinally achieves a monthly candle close with a full body above $1.2.\u201d Considering that many seem to be losing hope in XRP\u2019s potential, Egrag suggested that this move will provide renewed hope as he is convinced that it will trigger a \u201cmassive FOMO.\u201d Meanwhile, those who have continued to remain steadfast will be hoping that Egrag\u2019s prediction comes true as they believe that XRP is long overdue for a significant rally.\u00a0 Egrag had previously mentioned that XRP hitting $27 is a \u201cplausible target,\u201d considering that XRP saw a parabolic move back in 2017, with the token seeing a 61,000% gain in 280 days. He once again reasserted his bullish stance as he stated that he still has his sight set on the $27 mark.\u00a0\u00a0 Token price fluctuates | Source: XRPUSD on Tradingview.com XRP Price Retesting Trendline Crypto analyst JD also recently shared an outlook of XRP on the charts. He mentioned in an X post that XRP broke out of the multi-year trendline on the Non-Logarithmic Scale. Following that, XRP is currently retesting the trendline.\u00a0 Related Reading: Why Is Ethereum Price Down To $2,200 Today? As to what the future holds for XRP, he noted that a bounce-off on the weekly close is bullish, as that could signify a breakout or retest. However, a break below the trendline could be a false breakout.\u00a0 Source: X Meanwhile, another analyst, Crytoes, recently noted that the bears are still in control when it comes to the XRP market. He made this statement following XRP\u2019s daily close below the 21MA (Moving Average). At the time of writing, XRP is trading at around $0.62, down in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":564975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,16289,10972,78763],"class_list":["post-564959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Prediction: Crypto Analyst Expects 200% Jump As Critical Support Forms<\/title>\n<meta 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