XRP has been on the move in recent weeks. The course fell briefly to $ 2.69, the lowest position since July, and then recovered to around 2.80 dollars. For many investors a disappointment, but several analysts think that there is still reason for optimism. The question is whether XRP can still lead to a new all-time high despite the dip.
XRP price remains above important monthly levels
The technical analyst Egrag sees clear signals for this. He points to three factors that, according to him, indicate that the rising trend is not yet over. First: the so -called “body candles” on the monthly graph were not broken. This means that the price still remains above the most important closing levels per month, which is often seen as a sign in force.
His second point is about the Fibonacci levels. These are commonly used calculation tools to determine possible support and resistance zones in a course. XRP remained above the 1.99 dollars zone, which according to him acts as a solid lower limit. Thirdly, XRP still notes above 21 EMA, an average price line that indicates whether a coin is in an upward trend in the long term.
He refuses to believe that the Bullrun is over for XRP and “is still in the camp that we have a final rise in front of us”.
According to EgraG, XRP can therefore initially rise to $ 3.90, a course that coincides with an important Fibonacci level. After that, even $ 9.22 would be possible. For the further peak of this cycle, he outlines even higher scenarios, up to 46 dollars. However, that is a very extreme prediction that is far above current reality.
‘Final Boss’ is at 3.00 dollars
Analyst Matt Hughes, better known as The Great Mattby, also sees room for growth. He uses the so -called GANN fan, a technical method that follows price movements in sloping lines. In addition, earlier resistance zones, such as around 0.50 to 1.00 dollars and the top from 2021 of $ 1.96, would have changed in support.
Hughes also points to the $ 3.00 border, which he calls the “Final Boss”. As soon as this level is permanently seen as support, he expects a strong breakthrough up.
Not everyone shares that optimism. Well -known influencer Crypto Bitlord recently said that he would sell everything if XRP falls back to 2.00 dollars. According to him, De Munt did not bring what he had hoped for in more than ten years.
Nevertheless, Ripple’s Munt has risen by 417 percent in the past year. With an XRP rate of 2.80 dollars, the coin still belongs to the strongest risers in the cryptomarket. In the coming months, it must be apparent whether the optimistic expectations come true, or whether the doubts among investors will get the upper hand.
Source: https://newsbit.nl/crypto-analist-xrp-heeft-nog-een-laatste-stijging-voor-de-boeg/
