Ripple’s XRP Breaking Out to $7.5 XRP Price Target In Less Than 70 Days? Pundits Anticipate Fresh Rocket ⋆ ZyCrypto

The post Ripple’s XRP Breaking Out to $7.5 XRP Price Target In Less Than 70 Days? Pundits Anticipate Fresh Rocket ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp XRP continued to trade in a tight consolidation pattern on Saturday, hovering around $0.54. Over the past three weeks, XRP has been range-bound, mostly trading between support at $0.52 and resistance near $0.56. Looking at the longer-term chart, XRP has been in a period of relative stability following the significant price surge and subsequent correction seen in early 2021. Volume has been moderate, suggesting a balance between buyers and sellers as the market awaits a potential catalyst for the next directional move. However, the recent uptick in community sentiment, with 85% bullish according to CoinMarketCap data, indicates growing optimism among XRP holders. This positive sentiment could be attributed to recent developments in the crypto space, such as the news about various spot XRP ETF filings, which may have broader implications for the cryptocurrency market as a whole. Meanwhile, this consolidation phase has caught the attention of market analysts, with some anticipating a potential breakout in the near future. Crypto analyst Egrag Crypto shared a bullish outlook, suggesting that XRP could see a significant move within the next 15 to 30 days, with an absolute maximum timeframe of 70 days. “Here’s the good news: as time ticks by within the White Triangle and Yellow Triangle (break-out target $0.61-$0.62), the breakout point is getting lower. XRP has MAX-MAX 70 days left to reach the final pinnacle of the breakout point. I can say with a high degree of conviction that a breakout is coming within the next 15-30 days. The pressure is building, and it won’t stay contained for long.” He tweeted. Advertisement &nbsp Egrag’s forecasts come amid heightened concern over the ongoing legal battle between Ripple and the SEC. In a previous update, he acknowledged the anxiety surrounding the SEC appeal, assuring investors that the market was still…

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Oct 19, 2024 - 15:00

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The post Ripple’s XRP Breaking Out to $7.5 XRP Price Target In Less Than 70 Days? Pundits Anticipate Fresh Rocket ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

Advertisement XRP continued to trade in a tight consolidation pattern on Saturday, hovering around $0.54. Over the past three weeks, XRP has been range-bound, mostly trading between support at $0.52 and resistance near $0.56. Looking at the longer-term chart, XRP has been in a period of relative stability following the significant price surge and subsequent correction seen in early 2021. Volume has been moderate, suggesting a balance between buyers and sellers as the market awaits a potential catalyst for the next directional move. However, the recent uptick in community sentiment, with 85% bullish according to CoinMarketCap data, indicates growing optimism among XRP holders. This positive sentiment could be attributed to recent developments in the crypto space, such as the news about various spot XRP ETF filings, which may have broader implications for the cryptocurrency market as a whole. Meanwhile, this consolidation phase has caught the attention of market analysts, with some anticipating a potential breakout in the near future. Crypto analyst Egrag Crypto shared a bullish outlook, suggesting that XRP could see a significant move within the next 15 to 30 days, with an absolute maximum timeframe of 70 days. “Here’s the good news: as time ticks by within the White Triangle and Yellow Triangle (break-out target $0.61-$0.62), the breakout point is getting lower. XRP has MAX-MAX 70 days left to reach the final pinnacle of the breakout point. I can say with a high degree of conviction that a breakout is coming within the next 15-30 days. The pressure is building, and it won’t stay contained for long.” He tweeted. Advertisement Egrag’s forecasts come amid heightened concern over the ongoing legal battle between Ripple and the SEC. In a previous update, he acknowledged the anxiety surrounding the SEC appeal, assuring investors that the market was still…