XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	32,626,041,897	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

32,626,041,897

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0067	-1.11%	0.5969	0.5969	0.597

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0067

-1.11%

0.5969

0.597

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.6023	0.5964	0.6014	0.6036	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.6023

0.5964

0.6014

0.6036

- - -

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	02:21:11	8.38	0.5969	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

02:21:11

8.38

0.5969

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,830,489.42	3,054,890.59	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,830,489.42

3,054,890.59

XRP Refuses To Back Down As Crypto Analyst Identifies When Price Will Rally To $2

20/02/2024 5:00pm

NEWSBTC

Several analysts continue to make bullish predictions for the XRP token despite its lacklustre price action. This time, crypto analyst Dark Defender has identified emerging patterns that suggest that XRP could rise to $2 soon. The XRP Bull Run Is Here Dark Defender mentioned in an X (formerly Twitter) post that the RSI (Relative Strength Index) for the XRP/BTC pair in the weekly time frame “stands in the same place as it did before the 2017 and 2021 XRP bull runs.” Going by the RSI indicator, he affirmed that the 2024 bull run is already here. Related Reading: Finance Expert Predicts Bitcoin Will Touch $100,000 Soon, Here’s When Source: X From the accompanying chart which he shared, XRP hitting $2 looks to be just the starting point as the crypto token could still rise to as high as $12. This is also a possibility, considering that bull runs are known to bring new all-time highs (ATH) for different crypto tokens. XRP’s ATH currently stands at $3.84, a milestone it hit at the peak of the 2017 bull run. XRP’s failure to surpass its ATH in the last bull run is believed to have been due to the regulatory uncertainty which handicapped the crypto token. However, having achieved regulatory clarity, XRP is projected to make a significant run this time around. Interestingly, analysts like CryptoInsightUK have hinted at the token replicating a similar price surge to the one which occurred in 2017, when it saw a price gain of 61,000%. That price surge in 2017 is also serving as the basis for crypto analyst Egrag Crypto’s prediction that XRP could rise to as high as $27 in the next bull run. XRP’s Road To $27 Crypto analyst Egrag Crypto recently gave an update on XRP’s current price action and further revealed how the crypto token will rise to $27. Firstly, he noted that a bullish pattern had emerged, with XRP achieving multiple daily closes above FSRF (Fibonacci Speed Resistance Fan) 0.5, a level believed to represent significant support for the crypto token. Related Reading: Bitcoin Spot ETFs: Issuers Set New Record As Weekly Inflows Cross $2.2 Billion With XRP holding above this level, the analyst hinted that it could rise to almost $2 soon. Once that happens, Egrag expects XRP to continue the upward trend and eventually breach the $2 resistance area. He predicts that FOMO (fear of missing out) will kick in once XRP rises above $2, something which Egrag believes will propel the crypto token towards the $27 price target. At the time of writing, XRP is trading at around $0.56, up over 1% in the last 24 hours, according to data from CoinMarketCap. Price recovers from dips | Source: XRPUSD on Tradingview.com Featured image from CoinGape, chart from Tradingview.com

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XRPUSD Ripple