Key Points:
- Analysts foresee an XRP price surge driven by technical indicators.
- Multiple experts predict XRP reaching levels above $1.
- Could recent developments align for a major XRP price rally?
The cryptocurrency community has been buzzing with speculation regarding the future trajectory of XRP prices. Numerous analysts have expressed their optimistic outlooks as the market evolves. Now, yet another analyst has joined the chorus, offering a bullish projection for this digital asset.
Crypto Analyst Anticipates XRP Price Surge to $1.31
One crypto analyst, who goes by the moniker CoinsKid on social media (formerly Twitter), has steadfastly maintained a bullish stance on XRP’s price. He has once again reiterated his positive prediction for the digital currency, this time envisioning a remarkable increase of over 100% in its value.
CoinsKid shared his analysis on social media, emphasizing two critical aspects of the daily XRP chart: the 20-day Exponential Moving Average (EMA), depicted by a yellow line, and the 200-day EMA, represented by a green line. According to CoinsKid, a pivotal moment will occur when the 20-day EMA (yellow line) crosses above the 200-day EMA (green line). He believes that once this occurs, it will trigger a substantial rally in XRP’s price.
Regarding a potential price target, the crypto analyst suggests that this surge could propel the digital asset’s price to at least $1.31. He anticipates this increase without retracing to the previous lows.
#xrp be patient
I am looking at the daily here for #xrp. I do think if we see the yellow line (20EMA) get above the green line (200EMA) that we’ll see at least $1.31 for #xrp without losing the low from which it came.
Can you be patient? pic.twitter.com/gRuYyWu9Kw
— CoinsKid (@Coins_Kid) September 21, 2023
Other Bullish Opinions
Interestingly, CoinsKid is not the sole crypto analyst predicting such a surge in XRP’s price. Another analyst known as EGRAG CRYPTO, who boasts over 36,000 followers, has also suggested that the altcoin’s price could climb as high as $1.41.
In Egrag’s analysis, he highlights the Fibonacci 0.5 level as the critical milestone for the altcoin. According to him, if XRP’s price manages to surpass this level at the $0.57 mark, it would serve as confirmation for the altcoin to embark on another rally.
#XRP Color Code To $1.4:
If #XRP triumphantly closes above the Fib 0.5 level at 0.57C with undeniable confirmation, we’re setting our sights on the $1.4!. This meteoric rise is just around the corner. 🌟
But remember, there’s more to this story! Dive into the color-coded clues… pic.twitter.com/DC0ss6Ip27
— EGRAG CRYPTO (@egragcrypto) September 21, 2023
Both of these analysts’ predictions align with a similar outcome for XRP, suggesting that various indicators may finally be converging to support a rally. Despite using different analytical tools, their forecasts share a common destination.
If both of these forecasts materialize, XRP’s price could witness a significant surge, exceeding $1, a level it hasn’t attained since 2021.
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Disclaimer:Â The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
