XRP’s price movements are sparking intense discussions across crypto communities, with many eager to know the best entry points. A closer look at the charts reveals some key levels that may offer profitable opportunities.
According to analyst EGRAG CRYPTO, sentiment remains bullish on a broader scale. “We’re just getting started,” says one enthusiast, stressing that the time to buy is now. Despite some thinking it’s too late, the cycle has plenty of room to grow, potentially extending well into 2025.
The first support for investors to watch would be the $2.00 mark, a very substantial level in which one could heavily invest. The $1.60 to $1.70 range may also render a good entry, and this is particularly the case if a pullback had occurred.
It would even open up the chance for profit reinvestment at $1.20, described as the “Smelling Poo Phase.” According to the “Rounding Top” pattern, the price could break upward, considering the $3.50 to $3.80 range a plausible target within the near future.
XRP could reach $8.1 by February 2025
At the same time, XRP is apparently moving on the same trend as the previous cycles. Another supporter thinks this cycle is quicker than the previous one: Usually, after the halving of Bitcoin, XRP has a big pump.
What’s happening this time around, 20 days sooner, to suggest more robust momentum? Comparing current price action to the bull market before the last, the path forward could at least match the pattern, if not beat it.
This might be followed by a potential pullback to $1.39, then a pump that could see XRP break past $8.1 by Feb 2025. It might continue higher in 2025 and start a long consolidation phase before surging again for a potential high close to $11 around October.
Of course, these projections are speculative and based on price patterns without any consideration for market capitalization. But at that price level, the XRP market cap will also be more than $600 billion. It is way out of the realm of Ethereum’s peak.
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