Friday, May 23, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

God Candle Coming For XRP Price? Analyst Reveals His Target

October 24, 2023
in Analysis
Reading Time: 4 mins read
0 0
A A
0
Home Analysis
Share on FacebookShare on TwitterShare on E Mail


The XRP value has skilled a powerful upswing together with all the crypto market prior to now few hours. XRP has quickly risen by greater than 5%, approaching an important resistance zone that if damaged may set off a powerful and impulsive “god candle”.

Famend crypto analyst Egrag unveiled his newest technical evaluation on XRP’s value trajectory, sparking pleasure throughout the crypto neighborhood. Utilizing the 3-day XRP/USDT value chart, Egrag brings consideration to a number of pivotal moments and developments.”XRP Gods Candle, it’s coming, tweeted Egrag.

The “Berlin Wall” Of Resistance For XRP Value

In his evaluation, Egrag likened the XRP’s resistance degree to the notorious ‘Berlin Wall’, describing the resistance as each formidable and tantalizingly near a breakdown. “Quick ahead to right this moment, and XRP remains to be chipping away at what can solely be described as its personal ‘Berlin Wall’ of resistance. With every small pinch, this formidable barrier inches nearer to its inevitable collapse,” acknowledged Egrag.

The “Berlin Wall” at $0.5574 served as a powerful help from Might 2021 to Might 2022. Egrag’s chart exhibits two important moments when the value degree served as vital help. Nevertheless, in early Might 2022, the XRP value fell beneath this help degree. After that, XRP was rejected on the Berlin Wall in two key moments.

After the abstract judgment within the lawsuit between Ripple and the US Securities and Trade Fee, the wall was overcome just for a short while, regardless of the primary God candle. Inside 4 weeks, the value fell again beneath the value degree. Now, nevertheless, the wall appears to be crumbling and resistance is getting decrease, Egrag believes.

Pice evaluation | Supply: X @egragcrypto

The analyst highlights the potential upside of this impending breakout: “The potential breakthrough looming on the horizon guarantees to be nothing wanting spectacular. My expectations are set on XRP’s forthcoming transfer, which I anticipate falling throughout the spectacular vary of $1.10 to $1.40.”

Egrag additionally emphasised the emergence of a definite ‘W’ sample in XRP’s value motion over the previous 2+ months. This sample is traditionally vital, usually linked to development reversals and powerful value momentum.

“Now, let’s take a more in-depth take a look at the present technical evaluation. It’s obvious that XRP is within the strategy of forming a definite ‘W’ sample,” Egrag famous, suggesting a bullish outlook, “This sample suggests a measured transfer to roughly $0.65.”

XRP price analysis
XRP value poised for subsequent god candle? | Supply: X @egragcrypto

The Rebounce

Moreover, the $0.65 mark isn’t only a random determine in Egrag’s evaluation. A profitable transfer previous this resistance can set the stage for a bullish development, and a short-term retest of the $0.55 to $0.58 cents vary. Egrag highlights the significance of this degree, stating, “Our subsequent vital milestone is round 65 cents, and a profitable breach at this degree would point out a bullish development.”

The climax of Egrag’s prediction facilities across the potential for a “Rebounce” — a time period he employs to explain a swift and sturdy bounce within the value of XRP. Ought to this Rebounce materialize, Egrag is optimistic concerning the coin reaching the $1.10 to $1.40 vary.

Concluding his replace with a message to the ardent followers of XRP, Egrag affirmed, “XRP Military STAY STEADY, Our second within the highlight is drawing close to, and your unwavering dedication will quickly be rewarded.”

At press time, XRP was buying and selling at $0.5422 and was rejected on the primary try on the 0.236 Fibonacci retracement degree ($0.5539).

XRP price
XRP rejected on the 0.236 Fib, 1-day chart | Supply: XRPUSD on TradingView.com

Featured picture from EXMO Data Hub, chart from TradingView.com



Source link

Tags: AnalystCandleComingGodPricerevealsTargetXRP
Previous Post

Astar, Startale Labs announce Web3 partnership with Japanese telecom giant, KDDI 

Next Post

Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers

Related Posts

Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead
Analysis

Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead

May 23, 2025
Bulls Eye $2.50 With Bullish Tailwinds In Play
Analysis

Bulls Eye $2.50 With Bullish Tailwinds In Play

May 23, 2025
Cardano price surges past $0.80: where is ADA headed?
Analysis

Cardano price surges past $0.80: where is ADA headed?

May 22, 2025
Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam
Analysis

Ethereum and XRP prices regain momentum as Bitcoin Pepe gains steam

May 23, 2025
Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?
Analysis

Solana (SOL) Aims Higher With Strong Buyer Support, Next Stop $200?

May 22, 2025
Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength
Analysis

Ethereum Price Could Surge to $3K Soon — Riding The Wave of Bitcoin’s Strength

May 22, 2025
Next Post
Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers

Bitcoin’s dominance hits highest level since April 2021 as Ethereum suffers

Deepfakes Made Simple With AI: An In-Depth Look at FaceFusion

Deepfakes Made Simple With AI: An In-Depth Look at FaceFusion

Chainalysis Highlights North America As The Ultimate Market

Chainalysis Highlights North America As The Ultimate Market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In