{"id":641440,"date":"2024-09-12T21:30:38","date_gmt":"2024-09-12T21:30:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=641440"},"modified":"2024-09-12T10:50:37","modified_gmt":"2024-09-12T10:50:37","slug":"xrp-price-to-reach-40-get-in","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-to-reach-40-get-in\/","title":{"rendered":"XRP Price To Reach $40? Crypto Analyst Says You Should Get In Right Now"},"content":{"rendered":"

A crypto analyst is <\/span>mega bullish on the\u00a0<\/span><\/a>future outlook of the XRP price<\/a>, predicting a massive price surge to $40 for <\/span>cryptocurrency. Despite XRP\u2019s <\/span>stagnant price growth over the years<\/span><\/a>, this crypto analyst remains confident in the cryptocurrency\u2019s short-term and long-term prospects.<\/span><\/p>\n

XRP Surge Incoming, Don\u2019t Panic Sell<\/h2>\n

XRP, the native token of the <\/span>XRP Ledger (XRPL) <\/span><\/a>is currently showing incredibly bullish signals according to \u2018Steph Is Crypto,\u2019 a market expert on X (formerly Twitter). Sharing a <\/span>video<\/span><\/a> discussing his analysis of the XRP chart, Steph Is Crypto disclosed that cryptocurrency is <\/span>gearing up for a substantial breakout<\/span><\/a> in the immediate short term.\u00a0<\/span><\/p>\n

Related Reading: Analyst Says Bitcoin Is In A \u2018Healthier\u2019 Place Now, Here\u2019s Why<\/a><\/div>\n

The analyst disclosed that XRP is currently shaping a \u201clarger inverted head and shoulders\u201d technical pattern. As a result, he predicted that a breakout would be confirmed in XRP when a daily candle was seen close to the neckline at the $0.65 level.\u00a0<\/span>Once <\/span>XRP closes above this crucial price leve<\/span><\/a>l, the cryptocurrency could witness a price increase to $1.11, representing a 106% surge from its current value.\u00a0<\/span><\/p>\n

Steph Is Crypto further revealed that on the monthly time frame, <\/span>XRP\u2019s price <\/span><\/a>is getting closer to the apex of its distinctive symmetrical triangle pattern. A symmetrical triangle is a neutral chart formation consisting of two converging trend lines\u00a0<\/span>that suggest a\u00a0potential price breakthrough<\/a> after a period of sideways trading<\/span>.\u00a0<\/span><\/p>\n

Based on <\/span>XRP\u2019s triangle chart pattern<\/span><\/a>, the analyst believes that the cryptocurrency could experience a massive price surge to $40 in the next few weeks. Considering the ambitious nature of this price forecast, Steph Is Crypto has warned investors to take it with a grain of salt, noting the market\u2019s unpredictable nature.\u00a0<\/span><\/p>\n

However, should XRP break above the downward-sloping resistance line on its symmetrical triangle pattern, the cryptocurrency could see a <\/span>rapid move to the upside<\/span><\/a>. A jump to $40 would mean that the XRP will require a 75.5% rally from its present price of $0.53.\u00a0<\/span><\/p>\n

Looking at the <\/span>Fear and Greed index<\/span><\/a> of the broader crypto market, the majority of investors are in a fearful state due to the <\/span>recent market decline <\/span><\/a>and volatility. However, Steph In Crypto has urged XRP investors to stay bullish, emphasizing that now is the worst time to panic sell their holdings.\u00a0\u00a0<\/span><\/p>\n

He also revealed that XRP is witnessing a significant build-up of liquidity from short positions. As a result, he recommends that investors keep an eye out on the cryptocurrency\u2019s liquidity margin, predicting a short squeeze or a move upwards soon.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Recovery Path To $60,000: Analyst Reveals Why $55,881 Is Important<\/a><\/div>\n

Update On XRP Price Analysis<\/h2>\n

Despite XRP\u2019s bullish forecast from analysts and its newfound legal clarity, the cryptocurrency continues to <\/span>experience sluggish growth<\/span><\/a>. CoinMarketCap\u2019s data has shown that XRP is still consolidating around the $0.5 price level, showing only modest gains even during favorable market conditions.<\/span><\/p>\n

In the last 24 hours, the price of the cryptocurrency has jumped by 1.06%, however in the previous week it also fell by 1.90%.\u00a0<\/span><\/p>\n

\"XRP
XRP price begins recovery trend | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst is mega bullish on the\u00a0future outlook of the XRP price, predicting a massive price surge to $40 for cryptocurrency. Despite XRP\u2019s stagnant price growth over the years, this crypto analyst remains confident in the cryptocurrency\u2019s short-term and long-term prospects. XRP Surge Incoming, Don\u2019t Panic Sell XRP, the native token of the XRP Ledger (XRPL) is currently showing incredibly bullish signals according to \u2018Steph Is Crypto,\u2019 a market expert on X (formerly Twitter). Sharing a video discussing his analysis of the XRP chart, Steph Is Crypto disclosed that cryptocurrency is gearing up for a substantial breakout in the immediate short term.\u00a0 Related Reading: Analyst Says Bitcoin Is In A \u2018Healthier\u2019 Place Now, Here\u2019s Why The analyst disclosed that XRP is currently shaping a \u201clarger inverted head and shoulders\u201d technical pattern. As a result, he predicted that a breakout would be confirmed in XRP when a daily candle was seen close to the neckline at the $0.65 level.\u00a0Once XRP closes above this crucial price level, the cryptocurrency could witness a price increase to $1.11, representing a 106% surge from its current value.\u00a0 Steph Is Crypto further revealed that on the monthly time frame, XRP\u2019s price is getting closer to the apex of its distinctive symmetrical triangle pattern. A symmetrical triangle is a neutral chart formation consisting of two converging trend lines\u00a0that suggest a\u00a0potential price breakthrough after a period of sideways trading.\u00a0 Based on XRP\u2019s triangle chart pattern, the analyst believes that the cryptocurrency could experience a massive price surge to $40 in the next few weeks. Considering the ambitious nature of this price forecast, Steph Is Crypto has warned investors to take it with a grain of salt, noting the market\u2019s unpredictable nature.\u00a0 However, should XRP break above the downward-sloping resistance line on its symmetrical triangle pattern, the cryptocurrency could see a rapid move to the upside. A jump to $40 would mean that the XRP will require a 75.5% rally from its present price of $0.53.\u00a0 Looking at the Fear and Greed index of the broader crypto market, the majority of investors are in a fearful state due to the recent market decline and volatility. However, Steph In Crypto has urged XRP investors to stay bullish, emphasizing that now is the worst time to panic sell their holdings.\u00a0\u00a0 He also revealed that XRP is witnessing a significant build-up of liquidity from short positions. As a result, he recommends that investors keep an eye out on the cryptocurrency\u2019s liquidity margin, predicting a short squeeze or a move upwards soon.\u00a0 Related Reading: Bitcoin Recovery Path To $60,000: Analyst Reveals Why $55,881 Is Important Update On XRP Price Analysis Despite XRP\u2019s bullish forecast from analysts and its newfound legal clarity, the cryptocurrency continues to experience sluggish growth. CoinMarketCap\u2019s data has shown that XRP is still consolidating around the $0.5 price level, showing only modest gains even during favorable market conditions. In the last 24 hours, the price of the cryptocurrency has jumped by 1.06%, however in the previous week it also fell by 1.90%.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":641441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-641440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","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":"\nXRP Price To Reach $40? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price To Reach $40? 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