bullish

CRYPTO

Status

Gains

<p>Analyst EGRAG CRYPTO has provided an update on the XRP/BTC trading pair, highlighting key price targets and potential market movements. According to his analysis, <a href="https://captainaltcoin.com/xrp-ledger-on-chain-metrics-surge-is-xrp-price-pump-on-the-horizon/" target="_blank" rel="noopener noreferrer nofollow">XRP has been attempting</a> to sustain a rally against Bitcoin, but recent sell-offs have impacted its momentum.&nbsp;</p>
<p>Currently, the pair is retesting crucial support, with potential bearish outcomes if a key level fails to hold.</p>
<p>The analyst’s update revisits a previous prediction made on May 1, 2024, where the 0.000010 BTC level was marked as a crucial launch point for <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>. Despite efforts to close above this threshold, XRP faced heavy selling pressure.&nbsp;</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> / <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> YOLO Band – YOU ONLY LIVE ONCE (UPDATE):<br><br>Remember that post from May 1st, 2024 where I mentioned 0.000010 as the launch point? Well, here’s the update! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Check it out here <a href="https://t.co/z5aj2f09AA" target="_blank" rel="noopener noreferrer nofollow">https://t.co/z5aj2f09AA</a><br><br>What’s happening now:<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> / <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> made an attempt to close above… <a href="https://t.co/dTdtT1KHOq" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dTdtT1KHOq</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1848252089736020103?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 21, 2024</a>
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<p>EGRAG CRYPTO emphasized that a failure to maintain support at the 0.00000667 BTC mark would signal a bearish trend for XRP. Historical data indicates that breaking the 0.000010 BTC level typically requires a strong and sudden price surge.&nbsp;</p>
<p>The analyst referred to past cycles where XRP experienced consecutive <a href="https://news.investingcube.com/ripple-xrp-price-analysis-will-xrp-maintain-momentum-amid-sec-case/" target="_blank" rel="noopener noreferrer nofollow">bullish movements</a>, including notable breakouts. The upcoming market action suggests similar explosive moves may occur, potentially leading to a breakout above the descending channel.</p>
<h3 class="wp-block-heading" id="strong-price-predictions-and-potential-breakout-levels-strong"><strong>Price Predictions and Potential Breakout Levels</strong></h3>
<p>EGRAG CRYPTO’s analysis extends to potential price targets if XRP breaks out of the descending channel. He suggests that the move could drive the XRP/BTC pair to 0.00017 BTC, an ambitious target that reflects a substantial price appreciation.&nbsp;</p>
<p>Comparing these projections with <a href="https://captainaltcoin.com/elite-crypto-analysts-say-bitcoin-is-digging-deeper-predict-btc-dominance-at-60-before-eoy/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s value,</a> the analyst estimates XRP could reach $12 if Bitcoin trades at $70,000, with prices potentially rising to $34 per XRP if Bitcoin hits $200,000.</p>
<p>These predictions are based on patterns observed in previous market cycles, including a bullish trend known as the “YOLO Band.” The analyst’s observations imply that a decisive breakout could trigger rapid gains, but he also cautioned against overly aggressive selling.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/where-is-the-buy-zone-for-cardano-ada-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Where Is the Buy Zone for Cardano (ADA)? Analyst Weighs In</em></strong></a></p>
<h3 class="wp-block-heading" id="strong-current-market-status-of-xrp-and-bitcoin-strong"><strong>Current Market Status of XRP and Bitcoin</strong></h3>
<p>At the time of this writing, <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">XRP trades at $0.535</a> with a daily volume of $1.29 billion. In the past day, the token has fallen 1.76%, a drop that has been seen over the last week too.</p>
<p>Meanwhile, <a href="https://www.coingecko.com/en/coins/bitcoin" target="_blank" rel="noopener noreferrer nofollow">BTC trades at $67,414.22</a>, with minimal price movement over the same period. Despite this, Bitcoin remains a central point in the market, influencing market price movements.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-shares-update-on-xrp-against-bitcoin-reveals-these-price-targets/" rel="noopener noreferrer nofollow">Analyst Shares Update on XRP Against Bitcoin, Reveals These Price Targets</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Shares Update on XRP Against Bitcoin, Reveals These Price Targets

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