{"id":35376,"date":"2024-01-23T14:52:35","date_gmt":"2024-01-23T18:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=35376"},"modified":"2024-01-23T14:52:35","modified_gmt":"2024-01-23T18:52:35","slug":"is-xrp-price-at-20-possible-crypto-analyst-predicts-stunning-move","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/01\/23\/is-xrp-price-at-20-possible-crypto-analyst-predicts-stunning-move\/","title":{"rendered":"Is XRP Price At $20 Possible? Crypto Analyst Predicts Stunning Move"},"content":{"rendered":"

Crypto analyst Jaydee<\/a> has outlined a scenario in which the XRP price could rise to as high as $20<\/a> at the peak of the next bull market. According to him, this price level is possible if certain factors are considered.\u00a0<\/p>\n

What Will Facilitate XRP Price Rise To $20<\/h2>\n

Jaydee mentioned in an X (formerly Twitter) post<\/a> that $20 is a \u201cpossible top\u201d for XRP using the market cap as a marker. For this to happen, he also noted that there must be a structure break on the charts<\/a>.<\/p>\n

The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once XRP<\/a> was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a surprise<\/a> to some of his followers.\u00a0<\/p>\n

Meanwhile, crypto analyst Egrag Crypto<\/a> recently provided<\/a> an analysis of XRP\u2019s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was \u201cbrewing,\u201d but there could be more move to the downside before that happens. This, he says, will be \u201cenough to spook the weak hands.\u201d\u00a0<\/p>\n

The analyst also gave an insight into how low XRP could drop in another X post<\/a>. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle\u2019s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate his current setup<\/a>.\u00a0\u00a0<\/p>\n

In the meantime, the analyst sees these current dips in the XRP market as an opportunity to accumulate more tokens<\/a> while preparing for the pump that will \u201croll in fast mode.\u201d<\/p>\n\n

The Bottom For XRP\u2019s Current Trend<\/h2>\n

The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. Crypto analyst Ali Martinez<\/a> had previously predicted<\/a> that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do).\u00a0<\/p>\n

Now, crypto analyst XRP Shark is also echoing<\/a> almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the bottom area for XRP\u2019s move<\/a> to the downside. Once the crypto token drops to that price range, he predicts that a \u201cviolent move to the upside\u201d will follow.\u00a0<\/p>\n

As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover predicts<\/a> that XRP will experience a \u201cmassive breakout\u201d sometime in March.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Crypto analyst Jaydee<\/a> has outlined a scenario in which the XRP price could rise to as high as $20<\/a> at the peak of the next bull market. According to him, this price level is possible if certain factors are considered.\u00a0<\/p>\n

What Will Facilitate XRP Price Rise To $20<\/h2>\n

Jaydee mentioned in an X (formerly Twitter) post<\/a> that $20 is a \u201cpossible top\u201d for XRP using the market cap as a marker. For this to happen, he also noted that there must be a structure break on the charts<\/a>.<\/p>\n

The analyst, however, is not holding his breath for that to happen. He further remarked that he was going to take profits once XRP<\/a> was overbought on multiple higher timeframes. Interestingly, Jaydee had once shown his skepticism about XRP rising to between $10 and $15. As such, his latest analysis came as a surprise<\/a> to some of his followers.\u00a0<\/p>\n

Meanwhile, crypto analyst Egrag Crypto<\/a> recently provided<\/a> an analysis of XRP\u2019s current state. He stated that things are looking bullish on the monthly time frame. He further hinted that a major pump was \u201cbrewing,\u201d but there could be more move to the downside before that happens. This, he says, will be \u201cenough to spook the weak hands.\u201d\u00a0<\/p>\n

The analyst also gave an insight into how low XRP could drop in another X post<\/a>. He noted that XRP was currently in a critical zone and that a weekly close below the ascending triangle\u2019s edge could trigger a price downturn to $0.34. On the other hand, if XRP were to close above $0.75, Egg believes that would invalidate his current setup<\/a>.\u00a0\u00a0<\/p>\n

In the meantime, the analyst sees these current dips in the XRP market as an opportunity to accumulate more tokens<\/a> while preparing for the pump that will \u201croll in fast mode.\u201d<\/p>\n

The Bottom For XRP\u2019s Current Trend<\/h2>\n

The current belief among different crypto analysts seems to be that XRP is likely to decline further before it makes any parabolic move to the upside. Crypto analyst Ali Martinez<\/a> had previously predicted<\/a> that XRP could drop to $0.34 if it failed to hold above the $0.55 support level (which it has failed to do).\u00a0<\/p>\n

Now, crypto analyst XRP Shark is also echoing<\/a> almost similar sentiments as he shared his belief that the price ranges between $.35 and $0.45 could be the bottom area for XRP\u2019s move<\/a> to the downside. Once the crypto token drops to that price range, he predicts that a \u201cviolent move to the upside\u201d will follow.\u00a0<\/p>\n

As Egrag suggested, this move to the downside looks necessary to shake out weak hands before XRP experiences new highs. Crypto analyst Crypto Rover predicts<\/a> that XRP will experience a \u201cmassive breakout\u201d sometime in March.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35376","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35376"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35376\/revisions"}],"predecessor-version":[{"id":35384,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35376\/revisions\/35384"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35376"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}