Crypto money analysts, while sharing new evaluations on the price of XRP, claims that Altcoin can achieve a significant rise acceleration in the coming weeks. In the light of technical formations and historical data, both short and long -term expectations are remarkable. Although some experts indicate that the price can be withdrawn first, the general trend is positive. Especially 90 to 120 days of time zone is considered as a critical threshold.
The hope of rise based on historical data
Crypto currency analyst Ekrag Crypto, in 2017 and 2021, draws attention to similar peak movements observed in the price of XRP, stressed that such cycles can be experienced again. The analyst said that the double peak formations detected in the RSI (relative power index) graph are compatible with historical patterns. According to Eksrag Crypto, this indicates that the XRP can attempt a new summit in the next 3 to 4 months.
In particular, repetitive formations on the RSI have increased the hopes of investors. “Historical data shows that Altcoin can potentially reach the new summit in 90-120 days, Ert Ecrag says that this process is progressing parallel with past cycles. These expectations bring the idea that the XRP price can overcome the $ 3 band again.
Technical Formation: Both Risk and Opportunity
Another element that Ekrag Crypto draws attention is the formation of “Inverse Head and Shoulder”. If this structure, known as an important return formation in the technical analysis, is completed, it is said that the XRP can reach the $ 3.7 to $ 3.9 range. Although this possibility creates excitement in investors, it is not ignored that the price may experience fluctuations before reaching these goals.
Dark Defender focuses on a different scenario. Elliott wave theory in his analysis of the XRP is currently in a corrective phase indicating that the analyst, the price in the short term can hang below $ 2, he said. “The XRP may go below $ 2 with a corrective movement in the 4th stage of the monthly Elliott wave structure,” he called on investors to be careful.
Similarly, another analyst named Casitrades thinks that the current decrease has not fully ended. However, the RSI indicator gives positive signals, stating that the price of the price of $ 2.17 Golden Retracement or 2.15 dollars of Golden Pocket in the region, he says. These levels are generally considered strong support in technical analysis.
Market uncertainties put pressure on the price
Another uncertainty in front of XRP investors is regulatory developments. Especially Ripple with SEC $2.07 It is stated that the new developments to be experienced in the legal process between can lead to sudden fluctuations in the market. Discussions of SEC presidential candidacy can also have a direct impact on the crypto currency market from time to time.
Investors follow the levels envisaged by technical analysis, while at the same time, non -market factors are forced to consider. Experts say that XRP has both strong rise potential and short -term risks in the coming period. Therefore, it is emphasized that developments in the market should be carefully followed.
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.
