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The situation around Ripple and XRP remains unsettled as price declines occur. An analyst’s recent XRP analysis could refocus attention on the cryptocurrency.
XRP Coin Commentary
Cryptocurrency analyst Jonathan Carter, sharing on X, drew attention with his prediction that the XRP price could move to $1.68. However, the analyst also highlighted potential obstacles that could impede the cryptocurrency’s rise.
Carter shared a post on X, revealing that the XRP price “bounced off the lower trend line of a symmetrical triangle on the weekly chart.” A successful breakout above the triangle could signify a rise for the crypto token, with mid-term targets at $0.93 and $1.68.
Parallel to the market, a downward trend in XRP is notable, but Carter’s forecast maintains optimism for a potential rise soon.
Another market analyst, XRP Captain, seems to share a similar view, having recently indicated a potential breakout in XRP with a post on X.
Similar to Jonathan Carter, XRP Captain also emphasized a symmetrical triangle formation on the XRP chart. Additionally, XRP Captain appears to have set a much larger target for XRP.
According to the analyst, there is a possibility that XRP could rise above $2.6. Analyst Jaydee responded to XRP Captain’s post, sharing the following words:
It’s coming! Glad we loaded up heavily at $0.44 and $0.50! No emotions!
How Much is 1 XRP?
Crypto analyst Egrag Crypto recently stated that the XRP price could experience triple-digit growth soon.
According to Egrag, there could be a minor increase up to $1.5 and a significant rise up to $5.89. He believes that this macro growth could be so parabolic that XRP’s price could rise into double digits.
According to data provided by 21milyon.com, XRP was trading at $0.52, slightly below a 1% decrease over the last 24 hours.
