2024-8-8 00:15 |
Cheeky Crypto, a crypto YouTube channel with more than 160,000 subscribers, made predictions about the XRP price and discussed some future expectations for the token.
The analyst discussed the recent XRP price pullback after a sharp rise, but the price is now holding up better compared to the general crypto market.
The price of Ripple’s XRP is now maintaining key support levels from early July, unlike many other cryptocurrencies.
The analyst made short-, medium-, and long-term price predictions about XRP, and we will be looking at them in the following paragraphs.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Next Big Airdrop?.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Show less – XRP Price Short-Term PredictionOn the 4-hour chart, there is a potential death cross (where the 50 SMA crosses below the 200 EMA) that could indicate further price declines in the short term.
There is a price support around $0.40-$0.46 and resistance at $0.54 and $0.56.
The analyst expects more volatility before a potential upward move. However, even if there is a bearish move, the critical support at $0.382 should not be broken to maintain the bullish structure.
Read Also: Analyst States Conditions for Notcoin (NOT) ‘Strong Bullish’ Price Rally: Highlights Key Levels to Watch
XRP Price Medium-Term PredictionIn the medium term, the analyst is observing a five-wave structure indicating potential upward movement.
With this, there might be an upward move to $0.74-$0.84 if the current support holds. However, if XRP falls below $0.40, the bullish outlook is at risk.
On the daily chart, XRP is in an oversold area, suggesting potential upward momentum. For a bullish scenario, a move above $0.75 is necessary.
XRP Price Long-Term PredictionIn the long term, the presenter sees the possibility of an impulsive breakout. He noted that a break above $1.42 could indicate a larger impulsive breakout.
Potential long-term targets range between $5.59 and $11.25, with possible extensions up to $34.95 under extraordinary conditions.
The long-term predictions are based on some significant growth that the analyst expects in 2025, which will also coincide with the peak of the bull market.
There is also a need for constant updates and analysis about XRP. The outcome of the ongoing Ripple and SEC issue will also determine a lot.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
The post XRP Prediction: Expert Maps Out Ripple’s Expected Price Trajectory from Now Till 2025 – Here’s Their Outlook appeared first on CaptainAltcoin.
origin »