Traders pay attention to the significant resistance levels of XRP since it displays the price pattern of the cryptocurrency. By the first of November in 2024, CoinCodex<\/a> anticipates a 19.57% gain. This indicates that a significant number of market players believe the asset will increase in value.<\/p>\n EGRAG recently released the GWUL<\/a> following XRP’s successful passage of the Final Wake-Up Line, another key barrier. Since its formation following XRP’s high of $1.96 in April 2021, this new line has proved to be a formidable resistance.<\/p>\n The analyst theorizes that XRP<\/a> is now at the edge of breaking this level of resistance, meaning there could be a strong shift in market mood. Perhaps the token would start rallying towards $1.50 if it could close above the GWUL and manage to stay above after having breached above it. Mid-term projections are even more optimistic, with potential targets set between $5.50 and $7.50.<\/p>\n #XRP<\/a> Genuine Wake-Up Line (Micro Moves – Lower Time Frame) \ud83d\udea8\ud83d\udea8\ud83d\udea8\ud83d\udea8\ud83d\udea8\ud83d\udea8\ud83d\udea8<\/p>\n \ud83d\udd0d A closer look at the borders of the GWUL (Genuine Wake-Up Line) reveals an intense battle \u2694\ufe0f between the #Bulls<\/a> \ud83d\udc02 and #Bears<\/a> \ud83d\udc3b. The action is heating up, but guess what? The wave count is on our side!\u2026 https:\/\/t.co\/RJoVyM8RiL<\/a> pic.twitter.com\/QcYFFQn0vl<\/a><\/p>\n \u2014 EGRAG CRYPTO (@egragcrypto) October 1, 2024<\/a><\/p><\/blockquote>\n EGRAG emphasizes that it is insufficient to simply barrel past the GWUL; XRP must maintain its position above this line for a minimum of three days. This confirmation is essential for the establishment of a favorable trend. At the moment, XRP is trading at approximately $0.58, which is why the next few days are so critical for its price movement.<\/p>\n On EGRAG’s chart, the GWUL and a yellow triangle indicate the trading conditions’ upper limit, with the Atlas Line supporting it. Within the larger yellow triangle, a smaller white triangle has also emerged, illustrating the ongoing market tug-of-war between bulls and bears.<\/p>\n The stakes are high as XRP approaches the convergence point of these triangles. If investors are able to elevate XRP above this triangle, it could trigger a substantial bullish wave, thereby verifying the breach of the GWUL.<\/p>\n Reaching the $1.50 threshold is particularly significant, as it would conclude Wave 1 of a more extensive Elliott Wave pattern, according to EGRAG. In the event that XRP surpasses this threshold, a corrective Wave 2 could occur, resulting in a decline to approximately $0.75 before a more substantive rally. This rally may ultimately result in the ambitious target of $7.50.<\/p>\n![\"\"](\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_c94905.png?resize=1024%2C274\")
Resistance At The Genuine Wake-Up Line<\/h2>\n
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<\/p>\nPatterns Suggest A Conflict Between Bears And Bulls<\/h2>\n