{"id":642532,"date":"2024-09-17T20:00:18","date_gmt":"2024-09-17T20:00:18","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=642532"},"modified":"2024-09-17T10:24:01","modified_gmt":"2024-09-17T10:24:01","slug":"0-75-crucial-target-xrp-price","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/analysis\/xrp\/0-75-crucial-target-xrp-price\/","title":{"rendered":"Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The XRP price has experienced a notable surge in recent days amidst the wider backdrop of the crypto industry. At the time of writing, many cryptocurrencies are starting to reverse their seven-day gains due to Bitcoin&#8217;s failure to break above $60,000 on Monday. However, XRP continues to stand firm, registering a 2.23% gain in the past 24 hours. This positive price movement has sparked discussions within the crypto community about the <\/span><a href=\"https:\/\/www.shenyangcang.com\/news\/super-guppy-indicator-says-xrp-is-ready-for-a-surge-to-99\/\"><span style=\"font-weight: 400\">potential for a significant <\/span><\/a><span style=\"font-weight: 400\">breakthrough.\u00a0<\/span><\/p>\n<h2>Analyst Identifies $0.75 As A Crucial Target<\/h2>\n<p><span style=\"font-weight: 400\">EGRAG CRYPTO&#8217;s <\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/91029164\" rel=\"nofollow\"><span style=\"font-weight: 400\">highlight <\/span><\/a><span style=\"font-weight: 400\">of the $0.75 price mark for XRP is based on an XRP\/USD price chart on the weekly candlestick timeframe, which he shared on social media platform X. Interestingly, the latest highlight comes as an update to his XRP <\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/63876812\" rel=\"nofollow\"><span style=\"font-weight: 400\">analysis from January<\/span><\/a><span style=\"font-weight: 400\"> 2024. This analysis focuses on XRP\u2019s price structural formation, sentiment status, MACRO range, and psychological zone, all in critical price zones. The most notable are the MACRO range, which starts at $0.71, and the psychological zone at $0.932.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/dogecoin\/dogecoin-0-1-falling-wedge-0-2\/\">Dogecoin At $0.1 Is A \u2018Gift\u2019, Falling Wedge Breaking Bullish To Send Price To $0.2<\/a><\/div>\n<p><span style=\"font-weight: 400\">According to crypto analyst EGRAG Crypto, the key resistance level for XRP is $0.75, which could make or break its journey to $1. As EGRAG noted, all these levels can be shattered with just one strong daily candle, with emphasis on $0.75. For XRP, the $0.75 mark is within the MACRO range. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, XRP is yet to break above $0.75 this year, with its highest point so far being $0.718. Should the cryptocurrency manage to close above this level on a weekly timeframe, it could pave the way for a more substantial price rally.\u00a0<\/span><\/p>\n<figure id=\"attachment_642537\" aria-describedby=\"caption-attachment-642537\" style=\"width: 460px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-642537\" src=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/XRP-price.png?w=460&#038;resize=460%2C201\" alt=\"XRP price\" width=\"460\" height=\"201\" srcset=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/XRP-price.png?w=512 512w, https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/09\/XRP-price.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><figcaption id=\"caption-attachment-642537\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<h2>Will The XRP Price Sustain A Rally To $1?<\/h2>\n<p><span style=\"font-weight: 400\">At the time of writing, the XRP price is trading at $0.5851 and is still on 8.4% gains in seven days. Based on the recent update, EGRAG noted that the move towards $1 is still in play, as XRP is poised for a massive breakout.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although EGRAG only noted the $0.75 price as the most crucial for a breakthrough, there exist other resistance levels that serve as forerunners. Looking at the XRP price chart, XRP has been trading below $0.62 since March. Interestingly, the cryptocurrency has retested this price level at least six times since then and has failed to break above.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.shenyangcang.com\/news\/bitcoin\/bitcoin-accumulation-75000\/\">Bitcoin Accumulation In Full Swing As $1.3 Billion Exits Exchanges, $75,000 Next?<\/a><\/div>\n<p><span style=\"font-weight: 400\">From a technical perspective, $0.62 has emerged as a pivotal price point, acting as a short-term hurdle that XRP bulls must conquer before setting their sights on the more significant $0.75 resistance. A clear break above these levels would signal increasing buyer strength and potentially open the door for a campaign to $1.<\/span><\/p>\n<p><span style=\"font-weight: 400\">From a fundamental point of view, the XRP price is starting to campaign to the $1 mark in light of recent events in the XRP ecosystem. One such event is <\/span><a href=\"https:\/\/www.shenyangcang.com\/breaking-news-ticker\/grayscale-unveils-first-xrp-trust-in-the-us-etf-ahead\/\"><span style=\"font-weight: 400\">Grayscale&#8217;s recent unveiling <\/span><\/a><span style=\"font-weight: 400\">of the first XRP trust in the US. This move has <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-etf-can-be-announced-soon-and-start-new-bullish-circle-for-altcoins\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">prompted speculation<\/span><\/a><span style=\"font-weight: 400\"> that an XRP ETF will hit the market soon. Another noteworthy development <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-robinhood-grayscale-1\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">is the relisting of XRP<\/span><\/a><span style=\"font-weight: 400\"> on the European version of Robinhood.<\/span><\/p>\n<figure style=\"width: 3286px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/nl8E9qoT\/\" alt=\"XRP price chart from Tradingview.com\" width=\"3286\" height=\"1450\"><figcaption class=\"wp-caption-text\">XRP price still above $0.58 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The XRP price has experienced a notable surge in recent days amidst the wider backdrop of the crypto industry. At the time of writing, many cryptocurrencies are starting to reverse their seven-day gains due to Bitcoin&#8217;s failure to break above $60,000 on Monday. However, XRP continues to stand firm, registering a 2.23% gain in the past 24 hours. This positive price movement has sparked discussions within the crypto community about the potential for a significant breakthrough.\u00a0 Analyst Identifies $0.75 As A Crucial Target EGRAG CRYPTO&#8217;s highlight of the $0.75 price mark for XRP is based on an XRP\/USD price chart on the weekly candlestick timeframe, which he shared on social media platform X. Interestingly, the latest highlight comes as an update to his XRP analysis from January 2024. This analysis focuses on XRP\u2019s price structural formation, sentiment status, MACRO range, and psychological zone, all in critical price zones. The most notable are the MACRO range, which starts at $0.71, and the psychological zone at $0.932. Related Reading: Dogecoin At $0.1 Is A \u2018Gift\u2019, Falling Wedge Breaking Bullish To Send Price To $0.2 According to crypto analyst EGRAG Crypto, the key resistance level for XRP is $0.75, which could make or break its journey to $1. As EGRAG noted, all these levels can be shattered with just one strong daily candle, with emphasis on $0.75. For XRP, the $0.75 mark is within the MACRO range. Interestingly, XRP is yet to break above $0.75 this year, with its highest point so far being $0.718. Should the cryptocurrency manage to close above this level on a weekly timeframe, it could pave the way for a more substantial price rally.\u00a0 Will The XRP Price Sustain A Rally To $1? At the time of writing, the XRP price is trading at $0.5851 and is still on 8.4% gains in seven days. Based on the recent update, EGRAG noted that the move towards $1 is still in play, as XRP is poised for a massive breakout.\u00a0 Although EGRAG only noted the $0.75 price as the most crucial for a breakthrough, there exist other resistance levels that serve as forerunners. Looking at the XRP price chart, XRP has been trading below $0.62 since March. Interestingly, the cryptocurrency has retested this price level at least six times since then and has failed to break above.\u00a0 Related Reading: Bitcoin Accumulation In Full Swing As $1.3 Billion Exits Exchanges, $75,000 Next? From a technical perspective, $0.62 has emerged as a pivotal price point, acting as a short-term hurdle that XRP bulls must conquer before setting their sights on the more significant $0.75 resistance. A clear break above these levels would signal increasing buyer strength and potentially open the door for a campaign to $1. From a fundamental point of view, the XRP price is starting to campaign to the $1 mark in light of recent events in the XRP ecosystem. One such event is Grayscale&#8217;s recent unveiling of the first XRP trust in the US. This move has prompted speculation that an XRP ETF will hit the market soon. Another noteworthy development is the relisting of XRP on the European version of Robinhood. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":642546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-642532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Analyst Identifies $0.75 As Most Crucial Target For XRP Price In The Campaign For $1<\/title>\n<meta name=\"description\" content=\"The XRP price has experienced a notable surge in recent days amidst the wider backdrop of the crypto industry.\" \/>\n<meta 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