Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	26,068,098,359	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

26,068,098,359

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0017	0.36%	0.4766	0.4765	0.4766

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0017

0.36%

0.4766

0.4765

0.4766

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.4804	0.4736	0.4746	0.4747	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.4804

0.4736

0.4746

0.4747

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:41:42	87.02	0.4766	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:41:42

87.02

0.4766

USD

Price x Volume	Volume	Base Symbol	Related Pairs
15,222,273.64	31,903,360.41	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

15,222,273.64

31,903,360.41

Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75

07/06/2024 9:00pm

NEWSBTC

Crypto analyst Egrag Crypto has revealed a bullish pattern that recently formed on the XRP price chart. The analyst also revealed how high the crypto token could rise once it makes this move to the upside. Inverted Hammer Forms On The Chart Egrag highlighted an Inverted hammer that had formed on XRP’s chart while noting how bullish this was for the crypto token. He claimed that last month’s candle formation showed a 75% Inverted Hammer at the bottom, which is “super bullish” for XRP. Egrag believes this is an “amazing sign” that the altcoin could rise to $0.75 soon enough. He added that July will be a “month of fireworks” for XRP. Related Reading: Bitcoin Price Surge To $71,000 Sends All Long-Term Holders Into Profit, What About Short-Term Holders? XRP’s possible rise to $0.75 is significant, as Egrag had previously highlighted that price level as a “critical breakout point” for XRP. Back then, he mentioned that XRP was “poised” to achieve this breakout in the coming weeks. He suggested an XRP breakout above that price level would send it to $1.5, and the crypto token could enjoy a further upward trend to $7.5. Crypto analyst CasiTrades also recently provided a bullish narrative for the altcoin. She stated that the crypto token is maintaining its bullish momentum and bouncing off the 0.382 retracement level. The analyst added that XRP has finally flipped a trendline that had acted as resistance for months to support. Meanwhile, CasiTrades highlighted $0.54 as a price level to keep an eye on, stating that XRP could encounter resistance at that level. She suggested that the coin could enjoy a parabolic move if it breaks out above that price level, remarking that it is a “crucial level to watch for a potential breakthrough.”CasiTrades previously raised the possibility of the altcoin rising to as high as $80 when it breaks out from a consolidation triangle. XRP Is On The Brink Of A Parabolic Rally Crypto analyst Mikybull Crypto recently suggested that XRP was on the brink of a parabolic rally. He stated in an X post that the token is currently at the level it was in 2017 and 2020, which triggered a “massive rally” for the crypto token on both occasions. In 2017, the altcoin enjoyed a price gain of 61,000% in 280 days. Related Reading: Shiba Inu Open Interest Returns To February 2024 Levels, What Happened Last Time? The chart that Mikybull Crypto shared showed that the altcoin could rise to as high as $5. Meanwhile, crypto analyst XRP Captain claimed that the altcoin was ready for the “massive breakout.” He claimed that XRP is in the “middle of apex. ” Crypto analyst Jaydee also agreed with XRP Captain that a breakout is imminent, stating that “it’s coming,” although he claimed that “beginners” will miss out on the run. At the time of writing, XRP is trading at around $0.52, up in the last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com

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XRPUSD Ripple