{"id":1900,"date":"2024-12-15T19:13:07","date_gmt":"2024-12-15T19:13:07","guid":{"rendered":"https:\/\/coinsvalue.net\/blog\/xrp-set-for-surge-to-2-90-analyst-explains-how\/"},"modified":"2024-12-15T19:13:07","modified_gmt":"2024-12-15T19:13:07","slug":"xrp-set-for-surge-to-2-90-analyst-explains-how","status":"publish","type":"post","link":"https:\/\/coinsvalue.net\/blog\/xrp-set-for-surge-to-2-90-analyst-explains-how\/","title":{"rendered":"XRP Set For Surge To $2.90, Analyst\u00a0Explains How"},"content":{"rendered":"

Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However, XRP alongside crypto market leader Bitcoin has only seen little gains so far in December.\n<\/p>\n

XRP\u2019s Path To $2.90\u00a0<\/strong><\/h2>\n

In an X post on December 14<\/a>, Egrag Crypto shares a potential price trajectory for XRP to reach $2.90.\u00a0<\/p>\n

Firstly, the analyst notes the asset has been moving between $2.27-$2.50 confirming a market move to gather momentum for a major price breakout in an upward direction. This notion follows a previous prediction whereby a price fall below $2.27 could have set XRP for a decline to around $2.17.\u00a0<\/p>\n

However, in order to initiate any uptrend, Egrag stresses it is important that XRP closes above $2.50 on its hourly chart, which should result in a significant price gain. Thereafter, the altcoin is expected to retest $2.60. This suggests the need for market bulls to mount high-buying activity at this price level which is to function as a strong support zone that propels future price gain.<\/p>\n

Following a successful retest at $2.60, Egrag predicts XRP will resume its bullish trajectory, reaching a local peak of $2.90, leaving the asset just 24.4% away from its all-time high.<\/p>\n

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

XRP Potential 2017 Repeat Predicts New ATH In January<\/strong><\/h2>\n

Following XRP’s price surge in November, analysts have re-echoed the possibility of the altcoin mirroring its first-ever major bull run from 2017.\u00a0<\/p>\n

X analyst Crypto Bull has most recently<\/a> dropped a take on this discourse stating XRP could hit a new all-time high on exactly January 2 if the 2017 cycle repeat proves true. Furthermore, the crypto analyst also predicts altcoin to be trading at $10 on January 15 representing a potential 4.16x on XRP\u2019s current market price.\u00a0<\/p>\n

Interestingly, certain XRP enthusiasts such as X user XRPE_Nomad expect<\/a> the altcoin to produce a better performance than from 2017 based on its increased utility and better regulatory clarity.\u00a0<\/p>\n

Generally, optimism around the third-largest cryptocurrency has been high following Donald Trump\u2019s victory in the US Presidential elections which guaranteed the replacement of SEC Chairman Gary Gensler and a potentially swift end to the legal saga between the Commission and Ripple.<\/p>\n

At the time of writing, XRP trades at $2.40 reflecting a 1.18% loss in the past day. Meanwhile, the coin\u2019s daily trading volume valued at $7.48 billion has declined by 16.67%.<\/p>\n

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

Popular market analyst Egrag Crypto has tipped XRP to soon hit the $2.90 price mark. This prediction comes amidst little movement in the XRP market following a consolidation between $2.25-$2.50 over the past few days. The altcoin emerged as one of the biggest market gainers post-US elections rising by over 340% since November 5. However,…<\/p>\n","protected":false},"author":1,"featured_media":1901,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[1240,1241,1097,40,1242,48,49],"class_list":["post-1900","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-2-90","tag-crypto-bull","tag-egrag-crypto","tag-xrp","tag-xrp-2017","tag-xrpusd","tag-xrpusdt"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=1900"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/1900\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/1901"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=1900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=1900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=1900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}