{"id":649668,"date":"2024-10-24T23:30:56","date_gmt":"2024-10-24T23:30:56","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=649668"},"modified":"2024-10-24T13:14:26","modified_gmt":"2024-10-24T13:14:26","slug":"xrp-could-rally-27-this-week-in-tremendous-move-analyst-says","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/","title":{"rendered":"XRP Could Rally 27% This Week In &#8216;Tremendous Move&#8217;, Analyst Says"},"content":{"rendered":"<p>The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from <a href=\"https:\/\/coincodex.com\/crypto\/ripple\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinCodex<\/a> shows. Despite this favorable projection, the prevailing market sentiment is pessimistic, reflecting apprehension among investors.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/news\/5-million-strong-active-ethereum-wallets-drive-strong-momentum\/\" target=\"_blank\" rel=\"noopener \">5 Million Strong: Active Ethereum Wallets Drive Strong Momentum<\/a><\/div>\n<p>The Fear &amp; Greed Index stands at 69, indicating a market characterized by greed, which frequently results in heightened volatility. In the last 30 days, XRP has experienced 14 positive trading days, equating to around 47%, with a price volatility of 5.84%.<\/p>\n<figure id=\"attachment_649669\" aria-describedby=\"caption-attachment-649669\" style=\"width: 997px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-649669 size-full\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?resize=997%2C300\" alt=\"\" width=\"997\" height=\"300\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?w=997 997w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_e17bf5.png?w=750 750w\" sizes=\"(max-width: 997px) 100vw, 997px\"><figcaption id=\"caption-attachment-649669\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/coincodex.com\/crypto\/ripple\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\">CoinCodex<\/a><\/figcaption><\/figure>\n<h2><strong>Present Market Circumstances<\/strong><\/h2>\n<p>Right now, XRP is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" rel=\"nofollow\">worth $0.5293<\/a>, a little decline of 0.77%. This dip draws attention to a more general trend of resistance the token has been faced with since October started.<\/p>\n<p>According to analysts, it is still not the right moment to invest in XRP, at least with regard to current bearish emotions and recent difficulties with price. In terms of market capitalization, XRP has reached $30 billion, showing some improvement of late.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/HMetBJvE\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">XRP is currently trading at $0.52. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Despite the warning signs, the majority of analysts are still bullish on the potential price increase for XRP in the next several months. Depending on market conditions and sentiment, predictions range from $0.75 to $0.86, with further upside by the end of 2024.<\/p>\n<p>Crypto analyst Dark Defender forecasts the altcoin hitting the key $0.86 mark, which is a 27% increase in price at current levels. The path to such target, he said, will be a &#8220;tremendous move.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Hey there. This post is a long one. So get ready.<\/p>\n<p>Let&#8217;s check together where we are in the weekly time frame. We set a structure for <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$XRP<\/a> over a year back, considering the 1st wave at $0.9327.<\/p>\n<p>1. The ones know, know, that we targeted $0.89 and above when XRP was at $0.28.\u2026 <a href=\"https:\/\/t.co\/72QRlt1Djy\" rel=\"nofollow\">pic.twitter.com\/72QRlt1Djy<\/a><\/p>\n<p>\u2014 Dark Defender (@DefendDark) <a href=\"https:\/\/twitter.com\/DefendDark\/status\/12351440?ref_src=twsrc%5Etfw\" rel=\"nofollow\">October 22, 2024<\/a><\/p><\/blockquote>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-649670 size-large\" src=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=860&#038;resize=860%2C512\" alt=\"\" width=\"860\" height=\"512\" srcset=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=1472 1472w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=460 460w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=768 768w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=860 860w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=750 750w, https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_82fd51.png?w=1140 1140w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<h2><strong>Investor Sentiment And Forecasts<\/strong><\/h2>\n<p>The conflicting signals in the market impede investor decision-making on their next behavior. While the technical signals caution, the <a href=\"https:\/\/cfgi.io\/ripple-fear-greed-index\/\" target=\"_blank\" rel=\"noopener nofollow\">Fear &amp; Greed Index<\/a> shows that many people still have a tendency to welcome risks.<\/p>\n<p>This discrepancy frequently results in erratic price fluctuations in cryptocurrencies such as XRP. Investors are urged to monitor market movements and mood indicators prior to making decisions.<\/p>\n<p>Moreover, Ripple&#8217;s continuous<a href=\"https:\/\/bitcoinist.com\/ripple-ceo-drops-bombshell-accuses-renegade-sec-of-breaking-the-rules\/\" target=\"_blank\" rel=\"noopener nofollow\"> legal conflicts<\/a> with the SEC constantly hide XRP&#8217;s expected performance. Regarding the possible creation of an ETF for XRP, CEO Brad Garlinghouse has voiced enthusiasm that would significantly increase the market presence of the cryptocurrency if realized. Still, many investors could show reluctance unless these legal questions are resolved.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/news\/bitcoin-etf-inflow-streak-breaks-with-nearly-80-million-outflows-in-sudden-reversal\/\" target=\"_blank\" rel=\"noopener \">Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal<\/a><\/div>\n<h3><strong>Caution Required<\/strong><\/h3>\n<p>In light of the prevailing adverse mood and volatility in XRP&#8217;s price, it may be prudent for prospective investors to exercise caution. Despite the potential for development suggested by future price forecasts, the current outlook implies that this may not be the ideal moment to enter the market.<\/p>\n<p><em>Featured image from Pixabay, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows. Despite this favorable projection, the prevailing market sentiment is pessimistic, reflecting apprehension among investors. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum The Fear &amp; Greed Index stands at 69, indicating a market characterized by greed, which frequently results in heightened volatility. In the last 30 days, XRP has experienced 14 positive trading days, equating to around 47%, with a price volatility of 5.84%. Present Market Circumstances Right now, XRP is worth $0.5293, a little decline of 0.77%. This dip draws attention to a more general trend of resistance the token has been faced with since October started. According to analysts, it is still not the right moment to invest in XRP, at least with regard to current bearish emotions and recent difficulties with price. In terms of market capitalization, XRP has reached $30 billion, showing some improvement of late. Despite the warning signs, the majority of analysts are still bullish on the potential price increase for XRP in the next several months. Depending on market conditions and sentiment, predictions range from $0.75 to $0.86, with further upside by the end of 2024. Crypto analyst Dark Defender forecasts the altcoin hitting the key $0.86 mark, which is a 27% increase in price at current levels. The path to such target, he said, will be a &#8220;tremendous move.&#8221; Hey there. This post is a long one. So get ready. Let&#8217;s check together where we are in the weekly time frame. We set a structure for $XRP over a year back, considering the 1st wave at $0.9327. 1. The ones know, know, that we targeted $0.89 and above when XRP was at $0.28.\u2026 pic.twitter.com\/72QRlt1Djy \u2014 Dark Defender (@DefendDark) October 22, 2024 Investor Sentiment And Forecasts The conflicting signals in the market impede investor decision-making on their next behavior. While the technical signals caution, the Fear &amp; Greed Index shows that many people still have a tendency to welcome risks. This discrepancy frequently results in erratic price fluctuations in cryptocurrencies such as XRP. Investors are urged to monitor market movements and mood indicators prior to making decisions. Moreover, Ripple&#8217;s continuous legal conflicts with the SEC constantly hide XRP&#8217;s expected performance. Regarding the possible creation of an ETF for XRP, CEO Brad Garlinghouse has voiced enthusiasm that would significantly increase the market presence of the cryptocurrency if realized. Still, many investors could show reluctance unless these legal questions are resolved. Related Reading: Bitcoin ETF Inflow Streak Breaks With Nearly $80 Million Outflows In Sudden Reversal Caution Required In light of the prevailing adverse mood and volatility in XRP&#8217;s price, it may be prudent for prospective investors to exercise caution. Despite the potential for development suggested by future price forecasts, the current outlook implies that this may not be the ideal moment to enter the market. Featured image from Pixabay, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":649678,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,3680,3799,4531],"class_list":["post-649668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-ripple","tag-sec","tag-xrp"],"acf":[],"yoast_head":"\n<title>XRP Could Rally 27% This Week In &#039;Tremendous Move&#039; - Analyst<\/title>\n<meta name=\"description\" content=\"The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Could Rally 27% This Week In &#039;Tremendous Move&#039; - 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/shenyangcang.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"XRP Could Rally 27% This Week In 'Tremendous Move' - Analyst","description":"The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/","og_locale":"en_US","og_type":"article","og_title":"XRP Could Rally 27% This Week In 'Tremendous Move' - Analyst","og_description":"The price estimate for XRP indicates a possible increase of 17%, perhaps attaining around $0.621196 by November 23, 2024, data from CoinCodex shows.","og_url":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-10-24T23:30:56+00:00","article_modified_time":"2024-10-24T13:14:26+00:00","og_image":[{"width":814,"height":813,"url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_8b73b8.png?fit=814%2C813","type":"image\/png"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/"},"author":{"name":"Christian Encila","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"XRP Could Rally 27% This Week In &#8216;Tremendous Move&#8217;, Analyst Says","datePublished":"2024-10-24T23:30:56+00:00","dateModified":"2024-10-24T13:14:26+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/"},"wordCount":508,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2024\/10\/A_8b73b8.png?fit=814%2C813","keywords":["altcoins","crypto","Ripple","sec","xrp"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/","url":"https:\/\/shenyangcang.com\/news\/xrp-could-rally-27-this-week-in-tremendous-move-analyst-says\/","name":"XRP Could Rally 27% This Week In 'Tremendous Move' - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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