Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Crypto analyst CasiTrades has predicted that the XRP pricecould record a 30% rally to $2.8. She further revealed what the altcoin needs to do first to gain momentum to reach this level, which could pave the way to new highs. XRP Price Eyes Rally To $2.8 With This Classic Confirmation
In an X post, CasiTrades shared an accompanying chart that showed that the XRP price could soon rally to as high as $2.8. The analyst indicated that the $2.25 support zonewill decide the altcoin’s next move. She said that she is looking for that classic confirmation, whereby XRP breaks $2.25 and then comes back to test it as support. Related Reading XRP’s 30% Jump To $2.8: Analyst Says This ‘Classic Confirmation’ Must Happen First 7 hours ago
CasiTrades remarked that the flip of $2.25 as support could be fast, signaling that the market is ready for continuation. She predicts that the flip of $2.25 could open the door to $2.69. The analyst added that it is possible that the XRP price trends closer towards $2.69. This could be near $2.45, with a final exhausted high at the resistance fib. Based on her accompanying chart, a rally to $2.8could also be in play. Source: CasiTrades on X
Commenting on the current XRP price action, the analyst stated that the XRP price continues to respect the 0.382 retracement, which she claimed is the exact apex of the consolidation. She further remarked that every reaction at this current level reinforces how significant the range is. CasiTrades added that the test and bounce off the top of the upper trendline indicates that the market is gearing up for another run at the $2.25 resistance.
She also said that the Relative Strength Index (RSI)will be crucial at each of these resistance prices to monitor exhaustion or strength. However, the analyst is confident that the bullish structure is still valid for the XRP price. The altcoin simply needs to hold the 0.382 retracement level, flip $2.25, and then it can rally to the upside. Short-Term Targets For The Altcoin
In an X post, crypto analyst Egrag Crypto outlined the short-term targets for the XRP price. He stated that a close above $2.35would be bullish for the altcoin. Meanwhile, a close above $2.42 would be super bullish for XRP. A close above these targets would also be significant as it would mean that the altcoin has flipped the $2.25 resistance, which CasiTrades highlighted. Related Reading Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 4 days ago
In the long term, the crypto analyst is confident that the XRP price can reach double digits. He recently predictedthat the altcoin could reach between $9.5 and $37.5 in this market cycle. He alluded to historical cycles as the reason XRP could reach these targets.
At the time of writing, the XRP price is trading at around $2.24, down in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $2.22 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com