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<p>Crypto analyst Egrag Crypto has predicted the cryptocurrency XRP potential for a price surge is imminent. Egrag Crypto<a href="https://x.com/egragcrypto/status/1800073516173152259" target="_blank" rel="noopener noreferrer nofollow"> outlined a bullish scenario that could propel XRP</a> to reach $7.5 as the initial target.</p>
<p>This prediction is based on technical analysis and the analyst’s conviction that XRP will break through a critical resistance level. Moreover, the analyst suggests that the profits from other cryptocurrencies will ultimately flow into <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, further fueling its ascent.</p>
<p>At the time of writing, the price of XRP stands at <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">$0.4962,</a> with a daily trading volume of $622,654,064.83. This represents a modest 0.25% price increase over the past 24 hours but a 4.95% decline in the past seven days.</p>
<p>Read also: <a href="https://captainaltcoin.com/meme-coin-price-predictions-heres-what-to-expect-from-pepe-and-floki-this-week/" target="_blank" rel="noopener noreferrer nofollow">Meme Coin Price Predictions: Here’s What to Expect from PEPE and FLOKI This Week</a></p>
<h2 class="wp-block-heading" id="strong-xrp-price-analysis-strong"><strong>XRP Price Analysis</strong></h2>
<p>Egrag Crypto has outlined a three-point analysis regarding XRP’s potential price trajectory. Firstly, with high conviction, the analyst believes that XRP will break through the “White Triangle” pattern and reach the measured move target of $1.5. Secondly, the analyst identifies the Fibonacci 1.618 zone, ranging from $6.5 to $7.5, as a critical area where profit-taking is likely to occur.</p>
<p>Worth noting that he didn’t specify when will the XRP price hit these targets.</p>
<p>Furthermore, if XRP manages to close above the Fibonacci 1.618 level on a weekly basis, the analyst predicts that the next targets will be in the mid-double digits, near the Fibonacci 2.414 and 2.618 levels. This scenario could unfold if other cryptocurrencies experience a pump, causing rotational profits to flow into XRP, which the analyst refers to as the “BLACKHORSE” and the primary focus of their investments.</p>
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<p>The analyst’s prediction reflects a bullish sentiment towards XRP, driven by technical analysis and the belief that XRP will attract significant investment as profits from other cryptocurrencies rotate into the digital asset.&nbsp;</p>
<p>While the target of $7.5 represents a substantial increase from the current price, the analyst’s conviction and the outlined technical indicators suggest a potential for considerable upside.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-analyst-predicts-xrp-price-to-hit-7-5-heres-why-and-when/" rel="noopener noreferrer nofollow">Ripple Analyst Predicts XRP Price to Hit $7.5 – Here’s Why and When</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Analyst Predicts XRP Price to Hit $7.5 – Here’s Why and When

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