XRP Fractal Chart Reveals Potential Price Movement, Analyst Says - COINTURK NEWS
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XRP Fractal Chart Reveals Potential Price Movement, Analyst Says

5:06 am (82 days ago)
September 19, 2023

Brave analyst EGRAG CRYPTO shared a new chart with investors, which presents a promising potential trend for XRP. The fractal chart goes up until January 2023 and reminds investors of XRP’s past to predict its future movements. According to the chart, XRP could reach up to $1.3 by March 2024.

The Ultimate Test for XRP

This prediction was obtained by placing the generated fractal on top of the current XRP price movements. These charts can provide valuable information on how XRP might behave at critical price points. According to EGRAG, the MACRO Resistance zone stands out as the most challenging for XRP.

It is worth noting that this zone has remained between $0.80 and $0.85 since 2018. Based on past price movements, it can be said that XRP has always struggled to surpass this price level, and there might be a lot to worry about even if it reaches this zone again.

However, EGRAG CRYPTO points out that the real and final test could happen at the $1.3 price point. He mentioned that the price level has a descending trend line and a more challenging macro resistance than the $0.80 to $0.85 range.

The Future of XRP

Another long-term struggle that could occur might be the opposite of what the XRP community currently needs. Such a decline could negatively affect the community and the cryptocurrency they love. However, EGRAG also shared an alternative scenario that the community is expecting:

Breaking through this critical barrier and making a breakthrough means we’re heading to Valhalla.

According to the previous price prediction, surpassing the mentioned price point could enable XRP to rise up to $7. Although this prediction starts with a price drop, it could also pave the way for XRP to become one of the largest cryptocurrencies in the market.

#XRPArmy STAY STEADY, Get 2 #XRP for $1; this is a generational buying opportunity.

At the time of writing, XRP was trading at $0.5023. If these predictions about XRP come true, it might never be possible to buy two tokens for just above $1 again.

Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and should conduct their own research before making any transactions.

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