XRP, Ripple’s native coin with a history of ups and downs, is now at the center of attention. EGRAG CRYPTO has ignited excitement among XRP enthusiasts by hinting at the possibility of the cryptocurrency hitting the $1.3 mark. Using a year-long fractal dating back to January 2023, analysts have started to piece together potential clues about XRP’s future trajectory.
By overlaying this fractal onto the current price movement, they have gained valuable insights into how the cryptocurrency may behave at critical price levels.
One of the most prominent hurdles in the coin’s recent history has been the MACRO Resistance zone, spanning from $0.80 to $0.85. This formidable barrier has stubbornly held its ground since 2018, presenting a significant challenge for XRP bulls during price surges. Overcoming this historical resistance has proven to be a daunting task.
However, the real test awaits at the coveted $1.3 mark. Here, it faces an even more formidable MACRO Resistance in the form of a descending trendline. Analysts suggest that if the coin ascends to $1.3, the cryptocurrency community should brace itself for a nail-biting moment.
A strong rejection at this level could potentially lead to another prolonged struggle, spanning months or even years, to breach this critical barrier. On the other hand, a successful breakthrough could catapult XRP into uncharted territory.
XRP’s Train to Valhalla: A Promising Journey
In a tweet from September 14th, EGRAG CRYPTO indicated that “XRP Train Left the Station.” To support this claim, they shared a Monthly Time Frame chart, emphasizing that while monthly wicks provide insightful hints, the solid candle bodies truly define market structure.
Since hitting its lows in June, the coin has been steadily chugging along the tracks, and according to the tweet, the train is officially en route to Valhalla.
While a brief pit stop around $0.40 to $0.33 may occur, some investors remain undeterred. Dollar-cost averaging is a strategy many embrace to maintain composure in the face of market fluctuations.
The next major hurdles on the coin’s journey are identified at $0.80 and the aforementioned $1.3 mark. Optimistic investors believe that it could potentially reach these targets in a single candle, given the right conditions.
Furthermore, regulatory clarity has positioned XRP as a safe investment choice in the next bull run, as liquidity is expected to flow into the cryptocurrency. The analysts emphasized that the XRP Army encourages its members to stay steady and hold on for the ride, as they believe that XRP’s future prospects are brighter than ever.
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