Is XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	29,728,980,317	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

29,728,980,317

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0064	1.19%	0.5442	0.5441	0.5442

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0064

1.19%

0.5442

0.5441

0.5442

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.571	0.5326	0.538	0.5378	0.382490 - 0.852600

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.571

0.5326

0.538

0.5378

0.382490 - 0.852600

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	12:35:49	3,675.12	0.5442	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

12:35:49

3,675.12

0.5442

USD

Price x Volume	Volume	Base Symbol	Related Pairs
42,813,771.46	77,974,298.34	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

42,813,771.46

77,974,298.34

Is XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move

23/01/2024 2:30pm

NEWSBTC

Crypto analyst Jaydee has outlined a scenario in which the XRP price could rise to as high as $20 at the peak of the next bull market. According to him, this price level is possible if certain factors are considered. What Will Facilitate XRP Price Rise To $20 Jaydee mentioned in an X (formerly Twitter) post that $20 is a “possible top” for XRP using the market cap as a marker. For this to happen, he also noted that there must be a structure break on the charts. Related Reading: Hold On For Four Months: Analyst Predicts When Bitcoin Price Will Reach New ATH The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once XRP was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a surprise to some of his followers. Meanwhile, crypto analyst Egrag Crypto recently provided an analysis of XRP’s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was “brewing,” but there could be more move to the downside before that happens. This, he says, will be “enough to spook the weak hands.” The analyst also gave an insight into how low XRP could drop in another X post. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle’s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate his current setup. In the meantime, the analyst sees these current dips in the XRP market as an opportunity to accumulate more tokens while preparing for the pump that will “roll in fast mode.” Token price falls to $0.5 | Source: XRPUSD on Tradingview.com The Bottom For XRP’s Current Trend The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. Crypto analyst Ali Martinez had previously predicted that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do). Related Reading: Crypto Analyst Predicts Cardano Price Will Climb 2,000% To Reach $11 Now, crypto analyst XRP Shark is also echoing almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the bottom area for XRP’s move to the downside. Once the crypto token drops to that price range, he predicts that a “violent move to the upside” will follow. As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover predicts that XRP will experience a “massive breakout” sometime in March. Featured image from Coinpedia, chart from Tradingview.com

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