Various scenarios for XRP in the crypto money market have come up. Many experts made different analyzes and made predictions about price movements. These predictions were evaluated based on past performance and technical data.
Expert Forecasts and Methods
Specialist Dark Defender, XRP’nin 2017 rise reference to the price of the price can reach $ 280, he said.
Dark Defender: “Considering the powerful movement of XRP in 2017, it seems possible to reach $ 280.”
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Similarly, the Analyst Crypto suggested that XRP could rise to $ 222 in the light of historical data. In both statements, past performance was emphasized.
Technical Analysis and Support Levels
Dark Defender also made a more cautious prediction within the framework of ‘Coffee Cup’ formation and Elliott wave theory. The graph in the form of the formation, while giving possible signals, wave analyzes pointed to the wave 3 and 5 movements of the XRP. Wave 3’s specific target intervals drew attention in graphic studies.
Crypto analyst Casitrades said that XRP has tested about $ 2.54 dollars of critical resistance.
Casitrades: “If XRP can exceed $ 2.54, it can reach close to 2,70 and 3.05 levels.”
In the analysis, it was emphasized that the rise may accelerate if the resistance level was broken.
Another analyst Ali Martinez said that if the head shoulder formation is broken, an increase of $ 5 may increase in the price of XRP.
Ali Martinez: “If the head shoulder formation does not break, the price seems possible to rise to around $ 5.”
These predictions were tried to be supported with different technical approaches.
All these explanations and analyzes are aimed at giving an idea to market participants about various scenarios. Experts evaluating on past data and technical indicators, each estimation also emphasized that the uncertainties in the markets.
The mobility and fluctuation in the market indicates that investors should approach carefully. Different technical analysis methods and resistance levels offer clues to the potential evolution of XRP. However, it should be remembered that market conditions may also play a role in predictions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
