{"id":3536,"date":"2024-11-30T23:33:16","date_gmt":"2024-11-30T23:33:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3536"},"modified":"2024-11-30T23:33:16","modified_gmt":"2024-11-30T23:33:16","slug":"xrp-surges-to-1-84-what-next-to-expect","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3536","title":{"rendered":"XRP Surges To $1.84 \u2013 What Next To Expect?"},"content":{"rendered":"
\n

Following a week-long period of sideways movement, XRP has resumed its bullish trajectory gaining by 19.81% on Friday to reach a local peak of $1.84. During this price rally, market shares of the prominent altcoin rose to $104.96 billion, as it became the fifth-largest cryptocurrency brushing past Binance Coin (BNB).<\/p>\n

Related Reading: Ripple CEO Reacts To Trump\u2019s Billionaire Treasury Secretary Nominee<\/a><\/p>\n

XRP Set To Reach $5, But Major Correction Awaits \u2013 Analyst\u00a0<\/strong><\/h2>\n

Amidst the high bullish sentiments in the XRP community, renowned analyst EGRAG Crypto has painted a potential price trajectory<\/a> for the altcoin. According to EGRAG Crypto, if XRP\u2019s current price gain is to mirror a previous pattern from 2017 where it experienced a major increase of over 1273%, the crypto asset is likely to trade as high as $5.2 \u2013 $5.3.<\/p>\n

This prediction rallies with previous forecasts by analysts<\/a> where the altcoin is tipped to reproduce its first major price explosion recorded in early 2017, following a 200% price surge in the last month. However, EGRAG\u2019s version of this bullish prediction warns that XRP is likely to experience a 63% price decline following an ascent to above $5.\u00a0<\/p>\n

Albeit, the analyst highlights that this potential price fall to around $1.94-$1.96, a price range that is higher than the coin\u2019s all-time high recorded in 2021 suggesting much possibility of a massive price rally in the coming bull run.<\/p>\n

Nevertheless, EGRAG also warns that while XRP\u2019s current price action is similar to 2017-2018, the timeline of the anticipated price surge will likely change. The analyst explains in a \u201cSPACETIME thesis\u201d that the digital coin may experience a similar level of percentage price gain but not within the same time frame as previously seen.<\/p>\n

\"XRP\"<\/p>\n

XRP Price Overview<\/strong><\/h2>\n

At the time of writing, XRP trades at $1.84 reflecting a 19.81% gain as earlier stated. The token\u2019s daily trading volume is also up by 143.48% indicating a high level of market interest. <\/p>\n

In regards to short-term price movements, XRP has recently surpassed a major resistance zone at $1.76 setting the stage for a potential rally to the token\u2019s current all-time high of $3.84.\u00a0<\/p>\n

This price trajectory seems quite plausible considering the consistently heightened bullish sentiments around the fifth-largest crypto asset following recent developments.\u00a0\u00a0<\/p>\n

For example, former chairman of the US Commodities Futures and Trading Commission (CFTC) Chris Giancarlo has recently suggested<\/a> the US Securities and Exchange Commission (SEC) is likely to drop its lawsuit against Ripple in line with the pro-crypto policy of US President-elect Donald Trump.<\/p>\n

Developments such as this in addition to a potential spot ETF<\/a> are likely to boost the demand for XRP as the crypto bull run prepares to take off.<\/p>\n

\"XRP\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Following a week-long period of sideways movement, XRP has resumed its bullish trajectory gaining by 19.81% on Friday to reach a local peak of $1.84. During this price rally, market shares of the prominent altcoin rose to $104.96 billion, as it became the fifth-largest cryptocurrency brushing past Binance Coin (BNB). Related Reading: Ripple CEO Reacts […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3536","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3536"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3536\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}