XRP Price Analysis: Will XRP Reach $21 in the Next Few Years? - COINTURK NEWS
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XRP Price Analysis: Will XRP Reach $21 in the Next Few Years?

8:45 pm (44 days ago)
August 8, 2023

XRP, the blockchain company Ripple‘s cryptocurrency, has started to solidify its gains after a major victory in the lawsuit against the U.S. Securities and Exchange Commission (SEC). A popular crypto analyst believes that XRP can sustain its gains and even reach $21 in the next few years.

Indeed, prominent cryptocurrency expert CoinsKid highlighted in a YouTube video on August 8th that a significant movement could be possible when analyzing the price movement of XRP over a weekly time frame.

Will XRP Rise?

CoinsKid specifically mentioned that he expects XRP to surpass the 78.6% Fibonacci retracement level, which is currently at $1.30. If the token manages to do so, the analyst believes it could be a strong buying signal and projects a price level of $21 by 2025.

I think we could be on the verge of a significant movement once this correction is out of the way. I expect XRP to surpass the 78.6% Fib at $1.30. If XRP manages to do this, I believe it will be a strong buying signal and XRP could reach $21.

The analyst also reiterated his confidence in XRP’s long-term upward trend, stating that it has been in a “major” bullish market structure since 2020 and that the recent corrective phase is a normal part of the bull market cycle.

What is the Value of 1 XRP in Turkish Lira?

Meanwhile, XRP has shown a gain of 32.54% on its monthly chart. At the time of writing, it was trading at $0.623, representing a 0.79% increase in the last 24 hours and a 9.6% decrease in the previous seven days. In terms of XRP/TRY, the price was continuing to trade at 17 Turkish Lira with a daily increase of 1.4%.

Recently, crypto trading analyst Michaël van de Poppe explained that XRP is currently undergoing a correction due to investors taking profits at high prices and “buyers not stepping in due to lack of confidence.” In light of this, investors should exercise caution.

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

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  • Hasan mahamed
    1 month önce

    we wiil see