EGRAG Predicts XRP Could Reach $17 with Key Indicators

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jul 10 2024

Should l Buy XRP?

EGRAG's XRP Prediction: EGRAG, a prominent figure in the XRP community, predicts that XRP might reach $17 in the coming months based on key indicators.
Revised Target: Initially setting a target of $15 for XRP, EGRAG has revised this figure to $17 after further analysis.
Key Indicators for XRP's Rise: EGRAG highlighted five factors that could signal XRP's journey towards $17, including reclaiming the $0.4 region and surpassing the $0.75 threshold.
Challenges for XRP: XRP faces a challenge of a 70% bullish rally to confirm a trajectory towards an all-time high (ATH).
Critical Levels for XRP: EGRAG identifies key levels such as $1 and $1.8 as critical targets for XRP's rise, with a potential surge of 3,763% to reach $17 if these criteria are met.

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Technical Analysis for XRP

Technical Sentiment Analysis for XRP (XRP) As of , XRP (XRP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for XRP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, XRP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

XRP (XRP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.601	0.859	1.164	1.422	1.727	1.986	2.291
Fibonacci	0.859	1.074	1.207	1.422	1.637	1.77	1.986

About XRP

Launched in 2012, the XRP Ledger (XRPL) is an open-source, permissionless and decentralized technology. Benefits of the XRP Ledger include its low-cost ($0.0002 to transact), speed (settling transactions in 3-5 seconds), scalability (1,500 transactions per second) and inherently green attributes (carbon-neutral and energy-efficient). The XRP Ledger also features the first decentralized exchange (DEX) and custom tokenization capabilities built into the protocol. Since 2012, the XRP Ledger has been operating reliably, having closed 70 million ledgers.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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