{"id":607713,"date":"2024-05-13T23:00:17","date_gmt":"2024-05-13T23:00:17","guid":{"rendered":"https:\/\/ktsl888.com\/?p=607713"},"modified":"2024-06-11T14:45:45","modified_gmt":"2024-06-11T14:45:45","slug":"why-xrp-price-will-reach-33","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ripple\/why-xrp-price-will-reach-33\/","title":{"rendered":"Gaming The System: Pundit Reveals Why XRP Price Will Reach $33"},"content":{"rendered":"
A crypto analyst has predicted a substantial bullish surge for the the <\/span>XRP<\/span><\/a> price in the future. According to the analyst, XRP is gearing up for a substantial increase to $33.5 from an initial price of $0.50. He expects the <\/span>price of the cryptocurrency to explode<\/span><\/a> by 6600% in this current market cycle.<\/span><\/p>\n In a recent X (formerly Twitter) post, a crypto analyst identified as \u2018Egrag Crypto,\u2019 <\/span>revealed<\/span><\/a> a series of bullish price targets for XRP in the near future. The analyst focused his <\/span>predictions<\/span><\/a> on a technical analysis called \u201cthe Line of Hestia.\u201d\u00a0<\/span><\/p>\n Related Reading: US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000<\/a><\/p>\n Egrag Crypto\u2019s<\/span><\/a> latest findings suggest that XRP could rise to $33.5 if it touches the Line of Hestia, a technical indicator featuring an ascending trend line which signals a potential upsurge for the price of a cryptocurrency. According to the analyst, \u201cHistorical data indicates that every time the XRP price touches the “Line of Hestia,” it experiences significant price pumps.\u201d\u00a0<\/span><\/p>\n This implies that there may be a correlation between XRP\u2019s bullish price movements and the ascending trend line. Egrag Crypto also revealed that following this <\/span>historical pattern<\/span><\/a>, XRP has witnessed pumps ranging from 6600%,1444%, 100%, 80%, and 171%.\u00a0<\/span><\/p>\n Given the established trend, Egrag Crypto <\/span>predicts XRP\u2019s ascent to new all-time highs<\/span><\/a>. He calculated the average percentage increase of XRP\u2019s price each time it touched the Line of Hestia, dividing the sum by the total number of occurrences, which is five.\u00a0<\/span><\/p>\n Using this data, the crypto analyst estimates that if XRP were to experience a 6600% increase, its future price would be $33.50. Similarly, he calculated new prices for XRP based on the previous percentages.<\/span><\/p>\n It\u2019s important to note that the <\/span>price of XRP<\/span><\/a>, at the time of writing, is trading at $0.5. The cryptocurrency has been recording considerable declines over the past year, <\/span>consolidating around the $0.5 price mark<\/span><\/a> for months. According to CoinMarketCap, XRP has also recorded a 7.35% decrease over the past seven days and a 0.08% decline in the last 24 hours.\u00a0<\/span><\/p>\n Although Egrag Crypto has remained optimistic about <\/span>XRP\u2019s future price<\/span><\/a>, other crypto community members have expressed skepticism over the analyst\u2019s ambitious forecast. A few community members have <\/span>denied<\/span><\/a> the prediction, emphasizing that the cryptocurrency\u2019s surge to $33.5 during this cycle was highly unlikely.\u00a0<\/span><\/p>\n In one of his most recent X posts, Egrag Crypto <\/span>disclosed<\/span><\/a> that XRP could witness a major price correction before experiencing a <\/span>significant rally<\/span><\/a>. The analyst has urged crypto investors to remain cautious of the cryptocurrency unless the XRP\/BTC ratio closes above the $0.00010 threshold.\u00a0<\/span><\/p>\n Related Reading: Is The Bitcoin Bottom In? Buy The Dip Sentiment Erodes Amid Drop Toward $60,000<\/a><\/p>\n Egrag Crypto anticipates a potential 45% decline for XRP\/BTC, emphasizing that this substantial price drop could indicate a bottom between $0.0000055 and $0.0000077. However, he also disclosed that overcoming resistance at $0.00001 would be crucial for a <\/span>rebound in XRP<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n <\/p>\n A crypto analyst has predicted a substantial bullish surge for the the XRP price in the future. According to the analyst, XRP is gearing up for a substantial increase to $33.5 from an initial price of $0.50. He expects the price of the cryptocurrency to explode by 6600% in this current market cycle. Analyst Forecasts Exponential Rise In XRP Price In a recent X (formerly Twitter) post, a crypto analyst identified as \u2018Egrag Crypto,\u2019 revealed a series of bullish price targets for XRP in the near future. The analyst focused his predictions on a technical analysis called \u201cthe Line of Hestia.\u201d\u00a0 Related Reading: US Mega Banks JP Morgan And Wells Fargo Unveil Bitcoin Exposure As BTC Drops To $60,000 Egrag Crypto\u2019s latest findings suggest that XRP could rise to $33.5 if it touches the Line of Hestia, a technical indicator featuring an ascending trend line which signals a potential upsurge for the price of a cryptocurrency. According to the analyst, \u201cHistorical data indicates that every time the XRP price touches the “Line of Hestia,” it experiences significant price pumps.\u201d\u00a0 This implies that there may be a correlation between XRP\u2019s bullish price movements and the ascending trend line. Egrag Crypto also revealed that following this historical pattern, XRP has witnessed pumps ranging from 6600%,1444%, 100%, 80%, and 171%.\u00a0 Given the established trend, Egrag Crypto predicts XRP\u2019s ascent to new all-time highs. He calculated the average percentage increase of XRP\u2019s price each time it touched the Line of Hestia, dividing the sum by the total number of occurrences, which is five.\u00a0 Using this data, the crypto analyst estimates that if XRP were to experience a 6600% increase, its future price would be $33.50. Similarly, he calculated new prices for XRP based on the previous percentages. It\u2019s important to note that the price of XRP, at the time of writing, is trading at $0.5. The cryptocurrency has been recording considerable declines over the past year, consolidating around the $0.5 price mark for months. According to CoinMarketCap, XRP has also recorded a 7.35% decrease over the past seven days and a 0.08% decline in the last 24 hours.\u00a0 Although Egrag Crypto has remained optimistic about XRP\u2019s future price, other crypto community members have expressed skepticism over the analyst\u2019s ambitious forecast. A few community members have denied the prediction, emphasizing that the cryptocurrency\u2019s surge to $33.5 during this cycle was highly unlikely.\u00a0 Possible Price Correction Ahead Of Projected Surge In one of his most recent X posts, Egrag Crypto disclosed that XRP could witness a major price correction before experiencing a significant rally. The analyst has urged crypto investors to remain cautious of the cryptocurrency unless the XRP\/BTC ratio closes above the $0.00010 threshold.\u00a0 Related Reading: Is The Bitcoin Bottom In? Buy The Dip Sentiment Erodes Amid Drop Toward $60,000 Egrag Crypto anticipates a potential 45% decline for XRP\/BTC, emphasizing that this substantial price drop could indicate a bottom between $0.0000055 and $0.0000077. However, he also disclosed that overcoming resistance at $0.00001 would be crucial for a rebound in XRP.\u00a0\u00a0 Token price at $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":607726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-607713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Forecasts Exponential Rise In XRP Price<\/h2>\n
Possible Price Correction Ahead Of Projected Surge<\/h2>\n
Token price at $0.5 | Source: XRPUSDT on Tradingview.com<\/a><\/pre>\n