Despite there having been a credible bullish wave, Ripple XRP has yet to show its magnetic price action. The token has adopted a gradually slow pace and is trading at the $0.52 price level at the time of writing. However, the XRP community remains undaunted and focused on the token's future price trajectory, which could allow the token to regain its former king-like status.
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XRP to $1.5: How?
According to Egrag Crypto, a notable financial analyst on X, the XRP price chart is now projecting a white triangle formation. According to the details on
In addition, the expert delved deeper into the critical price level of XRP. He shared how the future breakout of reaches.
“The “White Triangle” breakout fits perfectly with our previous charts and the Fib 0.702 – 0.786 levels. The measured movement is expected to be between $1.2 and $1.5. However, the critical breakout point is around $0.70 – $0.75.”
Egrag Crypto later outlined a hypothetical timeline in which the token could project this bullish streak. He mentioned that XRP could trade around the $0.70 price level next week, after which the token can expect a renewed price increase in its metrics.
“In the coming weeks, #XRP is poised to breakout. This is my belief! While a retest of the breakout may be in the offing, a MEGA RUN for #XRP is in store. Yes, my goal is double digits! 🚀.”
Ripple price prediction
While the Ripple community remains hopeful of XRP's spectacular price journey, the analytics platform tells a different story. Per CoinCodexRipple could rise 20% in June 2024 to trade around the $0.60-$0.65 price range.
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“According to our current XRP price forecast, the price of XRP is predicted to increase by 20.75% and reach $0.646968 by June 26, 2024. According to our technical indicators, current sentiment is bearish, while the Fear & Greed Index reads 74 (Greed). XRP recorded 15/30 (50%) green days with price volatility of 2.26% over the past 30 days.”
The platform further predicts Ripple's price journey from $1. Per CC, XRP can trade at the $1 price level by the end of 2024.
“XRP is forecast to trade within a range of $0.337691 and $1.6805. If the upper price target is reached, XRP could rise 219.39% to reach $1.6805.”
The coin predictions are always subject to recent events and updates. Any critical update on the Ripple vs SEC case could also play a crucial role in inflating and deflating the price of XRP.