RippleXRPAccording to EGRAG Crypto, a renowned crypto analyst,, is about to see a price increase of significant proportions. According to a recent tweetThe analyst provided insights on XRP’s possible trajectory. He forecasted a $1.2 target and stressed the importance of 21-week Exponential moving average (EMA) for XRP/BTC as a pivotal value.
EGRAG Crypto highlighted the importance of 21-week EMA in their tweet. Even in times of high market volatility, this key indicator acts as a point where the price can be converged. The analyst observes that, during pump-and-dump or normal market movement, the price often returns to the 21 week EMA.
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Currently the 21-week EMA is at 0.000012 BTC. Bitcoin (BTC), which trades at around $70,000, has a price of 0.00012 BTC. EGRAG Crypto identified the price as $0.84 for Ripple.
The path to $1.2: ascending triangle and XRP price targets
EGRAG Crypto believes that if XRP/BTC trades continue to move upward, the triangle’s top will reach around 0.000017 BTC. The XRP/USD chart shows that this level is equivalent to a $1.2 XRP/USD potential price.
This $1.2 goal represents an important milestone for XRP. Its achievement may further boost confidence in its long-term prospects.
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EGRAG Crypto urges the XRP Army not to panic in the face of a possible price increase. “STAY STEADY” It emphasizes $0.85 and $1.20 are coming up. The analyst urges XRP lovers to purchase as many cryptocurrencies as they can, while their price is below $1.
Investors and traders should approach the market cautiously, even though EGRAG Crypto paints a positive picture of XRP. Cryptocurrency is notorious for its volatile nature, with even the most promising of projects experiencing sudden price swings.
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Source: watcher.guru