Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months

Why Is This Crypto Pundit Warning XRP Investors To Be At Alert For The Next 3-12 Months
фото показано с : newsbtc.com

2024-5-17 23:00

A crypto analyst identified as ‘Egrag Crypto’ has recently taken to X (formerly Twitter) to issue a warning to XRP investors regarding a potential bear market that could trigger a massive correction for the price of XRP. 

XRP Holders Prepare For More Declines In 2025

According to Egrag Crypto, XRP is expected to enter a steep bear market stage in 2025. The analyst based his predictions on a technical analysis tool he called the “Gaussian Channel,” revealing three distinct technical phases for XRP, including a Green A, Green B and Green C phase. 

He noted that the bearish phase in Green A had already been completed. However, the Green B phase is expected to end by June 2025, and Green C is anticipated to conclude by January 2025. The analyst further emphasized that the aforementioned dates do not represent cycle tops but indicate the beginning of a “deep bear market phase.”

He also revealed that the Gaussian Channel was a technical analysis tool used to visualize price movements of cryptocurrencies around a mean average price. The purpose of the tool is to help identify volatility, risks, and certain support and resistance levels. Additionally, analyzing the historical trends and durations of the green phases provided by the Gaussian Channel provides valuable insights that can be used to interpret future price movements. 

Presently, the price of XRP has remained relatively unchanged for the past few months, primarily consolidating around the $0.5 mark without witnessing any significant momentum. This lackluster performance can be attributed to the ongoing legal challenges the cryptocurrency has faced with the United States Securities and Exchange Commission (SEC) over the past four years.  

While Egrag crypto anticipates more bearish sentiment for XRP in the coming year, the crypto analyst also suggests that the next 3 to 12 months could present critical trading opportunities as the market evolves. He cautions XRP holders to remain vigilant and prepared for potential market volatility, which could lead to a “life-changing window.” 

Analyst Highlights XRP’s Resilience

In a previous X post, Egrag Crypto maintained an optimistic outlook for the price of XRP. He emphasized the cryptocurrency’s strength and resilience, noting that XRP was indicating strong bullish signals in its price fundamentals. 

He revealed that if XRP can maintain a critical position within the “Launching Channel,” a trading pattern identified by partial wicking candles and ascending consolidation, the cryptocurrency could see its value potentially surging to $6.4. 

At the time of writing, the price of XRP is trading at $0.51, reflecting an increase of 3.51%, over the past 24 hours, according to CoinMarketCap. 

Egrag Crypto has advised the broader XRP community to remain “calm and steady,” as the next three to six months could present significant opportunities for investors. 

origin »

Emerald Crypto (EMD) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 4.67 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0095806 (-100%)

crypto xrp investors warning bear potential formerly

crypto xrp → Результатов: 126


Ripple (XRP) Will Soar to $100, Says Popular Crypto Analyst—Here’s Why

Various crypto analysts have not stopped predicting what could be the fate of XRP in the near and long term. The coin, which started to move again following Trump’s victory in the presidential election, has proven to have a strong community backing, evidenced by its price resilience at some key levels amidst its issues with […] The post Ripple (XRP) Will Soar to $100, Says Popular Crypto Analyst—Here’s Why appeared first on CaptainAltcoin.

2025-2-13 13:00


Фото:

“XRP Trading Is on Fire” Asserts Billion-Dollar Crypto Brokerage Firm’s Executive

XRP continued its sluggish trading trend as the weekend approached, dampening hopes of a Santa Claus rally this December amid a broader crypto market pullback led by Bitcoin. However, it’s worth noting that the crypto asset experienced a historic surge last month, skyrocketing over 470% in November and reaching $2.89, a level not seen in […]

2024-12-30 18:44


Фото:

XRP Poised For ‘Massive Mega Pump’ After 540 Days of Consolidation, Predicts Crypto Analysts

The cryptocurrency community has been abuzz with speculation about the future of XRP as it approaches a potential breakout after an extended period of price consolidation. Notably, popular crypto analyst “Egrag Crypto” has ignited excitement among XRP enthusiasts with a bold prediction of an impending surge in value. In a recent tweet, Egrag Crypto noted […]

2024-9-26 00:37


XRP Price: Crypto Analyst Sounds Urgent Warning, Here’s Why

A crypto analyst has warned crypto investors against trading XRP, stating that investors have missed the opportunity to make gains from the cryptocurrency. Analyst Advocates Against XRP Trading A prominent X (formerly Twitter) crypto analyst, IncomeSharks released a post on Tuesday, advising crypto investors to avoid trading XRP. The statement came as a surprise to […]

2023-10-26 23:00


Why Analysts Think XRP Has The “Worst Looking Chart” in the Crypto Market

XRP’s price rallied overnight and is finally starting to see some of the momentum that has recently been incurred by the rest of the crypto market Despite this, analysts are noting that there are some troubling signs regarding the crypto’s near-term strength As a result of these signs, one analyst is even going so far as to note that XRP has one of the worst charts of all cryptocurrencies He explained that its upwards price […]

2020-7-30 23:00


Despite big partnerships, XRP is the only top 10 crypto to drop year-to-date

XRP, the native cryptocurrency of the XRP Ledger and RippleNet developed by Ripple, is the only top 10 crypto asset to record a drop against the U.S. dollar year-to-date. In the same period, the price of Bitcoin has increased by more than two-fold from below $4,000 to $9,100 and other crypto assets such as Ethereum, […] The post Despite big partnerships, XRP is the only top 10 crypto to drop year-to-date appeared first on CryptoSlate.

2019-11-4 10:49