- Price of XRP finally sees momentum amid ongoing crypto rally.
- CoinGecko reports 15.2% gain, sparking XRP Army hopes.
- Ergag Crypto urges the XRP Army to hold strong with strategic targets.
XRP is making a steady ascent amid the crypto market surge, gaining 15.2% in 24 hours and 25.4% in 14 days, as per CoinGecko analytics. The XRP community, known as the XRP Army, anticipates a breakthrough, aiming for new all-time highs (ATH).
Read CRYPTONEWSLAND on
google news
In a bullish move, prominent crypto analyst Ergag Crypto shares a detailed chart analysis, outlining strategic and tactical targets for XRP’s potential surge.
In detail, Ergag Crypto emphasizes three key Fibonacci extension targets, presenting potential turning points or price milestones. These targets, if achieved, could propel XRP into the $7, $15, or $30 range, signifying significant bullish momentum.
Firstly, he marks a potential reversal or continuation point, rooted in the square root of 1.618. Secondly, he identifies potential price targets or reversal points, derived from the square root of 2. Lastly, he represents the golden ratio from the Fibonacci sequence whic is crucial for price targets or turning points.
Using the above data from XRP price charts, Ergag Crypto reaffirms the validity of the ‘W’ formation. Thus, he provides insights into the measured move in logarithmic and non-logarithmic scales.
Specifically, he marks the logarithmic at $1, the non-logarithmic at $1.2, and the extended at $1.3. Finally, the post emphasizes the significance of XRP closing weekly above $1.3 for a convincing breakthrough, potentially marking the end of trading below the $1 mark.
Above all, Ergag Crypto encourages the XRP Army to remain steadfast, highlighting future targets ranging from $5 to $27. The $1.3 level is identified as a potential bottom in a bear market, adding to the optimism within the XRP community.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
