bullish

Notable

<p>With recent events suggesting possible price movement, <a href="https://captainaltcoin.com/can-holding-ripples-xrp-make-you-a-millionaire-heres-how-many-tokens-you-would-need/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP</a> is at a key stage for bullish and bearish traders. Notable crypto experts have examined XRP’s chart and pointed up important technical trends that might indicate next price movement.</p>
<p>Additionally, recent ETF filings have drawn attention, fueling speculation about XRP’s future price trajectory.</p>
<h2 class="wp-block-heading" id="strong-battle-between-bulls-and-bears-strong"><strong>Battle Between Bulls and Bears</strong></h2>
<p>Analyst EGRAG CRYPTO has shared an analysis of XRP’s chart, emphasizing the ongoing battle of bulls and bears. Per EGRAG, <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> has completed its Wave 1 of 5 and entered the early stages of Wave 3 of 5. This could drive the price toward the $1.3 to $1.5 level.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> Genuine Wake-Up Line (Micro Moves – Lower Time Frame) <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f50d.png" alt="🔍" class="wp-smiley" style="height: 1em; max-height: 1em;"> A closer look at the borders of the GWUL (Genuine Wake-Up Line) reveals an intense battle <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2694.png" alt="⚔" class="wp-smiley" style="height: 1em; max-height: 1em;"> between the <a href="https://twitter.com/hashtag/Bulls?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bulls</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;"> and <a href="https://twitter.com/hashtag/Bears?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bears</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f43b.png" alt="🐻" class="wp-smiley" style="height: 1em; max-height: 1em;">. The action is heating up, but guess what? The wave count is on our side!… <a href="https://t.co/RJoVyM8RiL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/RJoVyM8RiL</a> <a href="https://t.co/QcYFFQn0vl" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QcYFFQn0vl</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1841089425700221350?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 1, 2024</a>
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<p>The analysis also adds that the present price action stays positive as long as XRP keeps a price higher than $0.62. Based on EGRAG’s wave count, XRP’s next movement most likely will be a push through the $0.75 barrier.&nbsp;</p>
<p>However, traders should anticipate a correction back to $0.75 before another significant rally. This perspective highlights the delicate balance of market sentiment as XRP bulls attempt to overcome bearish pressure.</p>
<h2 class="wp-block-heading" id="strong-xrp-spot-volume-and-technical-patterns-strong"><strong>XRP Spot Volume and Technical Patterns</strong></h2>
<p>Another crypto analyst, Cryptoinsightuk, has also weighed in on <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price action</a>. A notable aspect of the analysis is the increased spot volume, indicating strong buying interest. This volume surge, combined with a decrease in open interest (OI), points to the possibility of a short squeeze, which could further boost XRP’s price.</p>
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   <p lang="en" dir="ltr">Super interesting price action here for <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a>.<br><br>Notice the HUGE influx of spot volume.<br><br>Decrease in OI and funding turning negative.<br><br>All happening on the support of the Fixed Range Volume.<br><br>I think <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> could be about to rally hard if <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> can hold strong. <a href="https://t.co/mqeK1UOKnN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/mqeK1UOKnN</a></p>— Cryptoinsightuk (@Cryptoinsightuk) <a href="https://twitter.com/Cryptoinsightuk/status/1841346721340674432?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a>
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<p>Additionally, the funding rate has turned negative, meaning shorts are paying longs, which often precedes bullish price action if prices hold steady or rise.</p>
<p>The XRP chart also shows a strong support level at the current price, as indicated by the fixed range volume profile. This support zone could provide a solid foundation for XRP to rally further, particularly if Bitcoin remains stable.</p>
<h2 class="wp-block-heading" id="strong-bitwise-files-for-xrp-etf-strong"><strong>Bitwise Files for XRP ETF</strong></h2>
<p>Just weeks after Grayscale launched its XRP Trust, <a href="https://x.com/WatcherGuru/status/1841215820917084423" target="_blank" rel="noopener noreferrer nofollow">Bitwise has filed for a spot XRP ETF</a> in another crucial step. The crypto community has been positive to this announcement since it will allow institutional investors to be exposed to XRP.&nbsp;</p>
<p>With many anticipating that an approved ETF could affect XRP’s price, the filing is considered as a good sign for the long-term prospects of the crypto.</p>
<p>The timing of Bitwise’s filing is noteworthy, coming when there’s increased market activity around XRP. With both the Grayscale Trust and the potential for an XRP ETF, these developments might influence the broader market.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/rising-dogecoin-doge-metrics-hints-at-upcoming-surge-gains-could-surpass-previous-rallies/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Rising Dogecoin (DOGE) Metrics Hints at Upcoming Surge; Gains Could Surpass Previous Rallies</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-what-lies-ahead-for-xrp-strong"><strong>What Lies Ahead for XRP?</strong></h2>
<p>As the battle between bulls and bears continues, XRP’s price remains poised for further action. While short-term corrections may occur, the longer-term outlook remains optimistic, particularly if the ETF filing and increased spot volume support sustained buying pressure.</p>
<p>For now, traders and investors are watching key price levels, with $0.75 being a crucial support and $1.3 to $1.5 representing potential upside targets.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/ripple-bulls-and-bears-battle-xrp-price-could-hit-1-5-amid-etfs-news-but-heres-the-catch/" rel="noopener noreferrer nofollow">Ripple Bulls and Bears Battle: XRP Price Could Hit $1.5 Amid ETFs News, But Here’s the Catch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Bulls and Bears Battle: XRP Price Could Hit $1.5 Amid ETFs News, But Here’s the Catch

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