Analyzing Key Levels to Monitor: Can Ripple (XRP) Attain $7, as per Expert Opinion?

Analyzing Key Levels to Monitor: Can Ripple (XRP) Attain $7, as per Expert Opinion?

XRP Ripple (XRP) Price Prediction: Can Ripple (XRP) Reach $7?

The price of XRP Ripple (XRP) has experienced whole lot of volatility over recent months due to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC). Nonetheless, a recent ruling by Judge Analisa Torres in favor of Ripple has sparked optimism between analysts and market observers.

One analyst, known as EGRAG CRYPTO, predicts that XRP Ripple (XRP) could  accomplish $7. They base their prediction on insights from the monthly time frame chart and emphasize the importance of solid candle bodies in defining market structure.

Source: X

The expert believes that XRP’s recent price movement is just the beginning, stating that “the train has officially left the station and is on its way to Valhalla!”

Although while a short-term dip to $0.40 to $0.33 is possible, it is seen as a minor setback. The analyst identifies the next major challenges at $0.80 and $1.3, suggesting that XRP Ripple (XRP) may reach these levels in a single candle.

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If the positive trend scenario plays out, the analyst sees probable targets of $2.8 to $5.5, with a stretch goal of $6-7. Nonetheless, no specific timeframe for these predictions was provided.

Hot Take: XRP’s Probable Surge

The recent ruling in favor of Ripple has sparked optimism between XRP Ripple (XRP) investors and analysts. Although while some predictions may appear outrageous, there is a possibility that XRP Ripple (XRP) could  accomplish $7 based on technical analysis and market trends. Nonetheless, it’s critical to note that digital currency markets are highly volatile and unpredictable. Investors should conduct thorough research and consider multiple factors before making any investment decisions.

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Author – Contributor at | Website

Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.

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