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Analyst Predicts XRP Price To Reach $110, Here’s When
Crypto analyst Egrag Crypto has provided an ultra-bullish outlook for the XRP price, predicting it could rally to triple digits. The analyst revealed when the crypto would enjoy this parabolic rally to this price target.
XRP Price To Hit $110 In The Next Cycle
In an X post, crypto analyst Egrag Crypto predicted that the XRP price could rally to triple digits and hit $110 in the next bull cycle. He also predicted that the crypto would reach double digits this cycle and gave an update on his ‘ Just Do It’ chart analysis to explain why this price surge would happen.
Alluding to his accompanying chart, the analyst noted that the measured move of the cup pattern had formed well within the arc. He added that the breakout has confirmed that the pattern is unfolding just as expected.
In line with this, Egrag Crypto stated that the potential top for this XRP rally is around $13, indicating that is where the crypto could top in this cycle. Meanwhile, the XRP price is expected to then rally to as high as $110 in the next bull cycle.
In another X post, the crypto analyst gave his take on the current XRP price action while analyzing the 8-hour time frame. Alluding to his chart, he stated that as long as XRP stays within the horizontal channel, everything else is just market noise.
He remarked that a close below $2.3o is bearish while a close above $2.60 and $2.85 is bullish and “super bullish,” respectively. He added that a close above $3.11 would lead to a rally toward XRP’s current all-time high (ATH) and possibly set a new one in the process.
A Rebound To A New ATH At $4 Is On The Cards
In an X post, Mikybull Crypto predicted that the XRP price could rebound to as high as $4, marking a new ATH for the crypto. His accompanying chart showed that the rally to this $4 price target would happen this month.
The chart shows that XRP could still rally to as high as $5.5 after hitting the $4 target. Crypto analyst Dark Defender also predicted that the price could soon surpass the $5 mark.
He stated that XRP has almost finalized the consolidation on the daily chart, as seen from the Relative Strength Index (RSI) lows. In line with this, the analyst asserted that Wave 3 is preparing to fire the bullet against the $5.85 resistance. The analyst added that the short-term target is $5.85 and $8.76.
The analyst had before now predicted that XRP could reach $8 as long as it holds above the $3 level, which remains a crucial breakeven point. This time around, Dark Defender highlighted $1.88 and $2.33 as the important support levels for XRP.
XRP Still In A Consolidation Phase For Now
In an X post, crypto analyst CasiTrades said that the XRP price was still consolidating, even as the crypto held up nicely over the weekend. She noted that this price action is what is expected for wave 4. However, the analyst added that she thinks it is possible to have one more low before the price correction is completed.
CasiTrades further stated that the most alignment for XRP is at $1.92 to $1.88, which are the .618 Fibonacci extension and .5 retrace levels. In line with this, the analyst revealed these are key areas to watch. Meanwhile, she revealed that she has slightly adjusted buys to $2.09, $1.92, and $1.53.
The crypto analyst asserted that the XRP price is at a decision in the market being at the apex of the consolidation now. She said a break above would target $2.92 for a potential C wave. On the other hand, a break below would target the support levels at $2.09, $1.92, and $1.53.
It is worth mentioning that crypto analyst Egrag Crypto had predicted that XRP could crash to as low as $1.4 if it mirrors a similar corrective move from the previous cycle. The analyst suggested that such a price crash is a great buying opportunity as he predicted that XRP will still rally higher in this market cycle.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrency exchange giant Binance again captured substantial market attention with its latest update on StraitsX USD (XUSD) and Four (FORM) coins this Wednesday. The exchange announced that it is expanding market support for these assets by adding them to its stockpile of trade offerings ahead. In an upshot, traders and investors extensively eye these crypto to capitalize on emerging market opportunities.
Binance Reveals Market Support For XUSD & FORM
In an official Binance release on March 19, the crypto exchange outlined that it is adding the abovementioned assets to the ‘Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures trading’ divisions. The platform’s colossal user base is primed to witness XUSD and FORM listing on ‘Simple Earn’ starting the announcement date at 08:00 UTC.
Further, users can buy these assets via VISA, MasterCard, Google Pay, Apple Pay, and Revolut, underlining the CEX’s vast offerings. In addition, trading against BTC, USDT, and other cryptos supported on the ‘Convert’ division at zero fees within one hour of the coins’ spot listing will also be supported.
In an announcement earlier this week, the top crypto exchange notified that the StraitsX listing is at 08:00 UTC on the abovementioned date.
What’s More For Traders In The Binance Announcement?
FORM/USDT crypto pair will further be added as a new borrowable asset on ‘Cross and Isolated Margin.’ This offering will launch on the abovementioned date at 08:20 UTC.
Also, futures trading for FORMUSDT will commence at 08:00 UTC. Traders can enjoy up to 50x leverage on the crypto’s USD-Margined futures contract facilitated by the exchange.
More About The Cryptos
Notably, StraitsX is a major stablecoin provider backed by the MAS (Monetary Authority Of Singapore). XUSD is a stablecoin pegged to the U.S. Dollar and runs atop Ethereum and Binance Smart Chain blockchains.
As of press time, the total supply for the stablecoin was 26.35 million tokens. Each XUSD is backed by reserve assets maintained at more than or equal to 100% of the value in circulation.
FORM price gained nearly 2% in the past 24 hours and exchanged hands at $1.79. The coin hit an intraday low and high of $1.54 and $1.80, respectively. It’s worth pointing out that Four is a rebranded and token-swapped version of BinaryX (BNX).
Overall, the CEX continues to cement its global rankings with top-notch offerings for traders. Intriguingly, CoinGape previously reported that Binance also unveiled support for MKR, EPIC, DF, GMX, and RPL, adding to its optimistic market endeavors.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the XRP lawsuit nears its long-awaited conclusion, experts predict potential developments within the XRP ecosystem. Industry insiders and market enthusiasts provide diverse opinions and anticipations of the potential outcomes of the Ripple vs SEC case.
After years of intense litigation, the high-profile Ripple lawsuit is nearing its end. Let’s unveil its possible implications and Ripple’s potential moves.
XRP Lawsuit Nears End: What Awaits Next?
Ripple’s post-lawsuit strategy sparks intense speculation as the XRP lawsuit nears its much-anticipated resolution. Despite ongoing uncertainty around the Ripple vs SEC case, industry expert All Things XRP provides insight into Ripple’s potential future moves.
In a recent X post, All Things XRP forecasted potential developments within the Ripple ecosystem. The developments include Initial Public Offerings (IPO), new partnerships, CBDC & stablecoin developments, lawsuit win celebrations, and ETF prospects.
Ripple To Accelerate Growth: IPO and Banking Partnerships
According to All Things XRP’s predictions, Ripple may be on the verge of announcing a highly anticipated IPO, unlocking new investment opportunities. Ripple’s recent share buybacks have pegged the company’s valuation at a staggering $11.3 billion, sparking widespread speculation about its future plans. An IPO would not only unlock lucrative exit opportunities for early investors but also significantly strengthen Ripple’s market presence.
While Ripple currently boasts more than 300 banking partners, a potential victory in the XRP lawsuit could pave the way for expanding its network. The expert’s bold prediction read, “Legal concerns may have delayed deals with major banks, but post-lawsuit, expect big names to join RippleNet—perhaps Bank of America, American Express, or Santander.”
Will XRP Lawsuit Win Boost Ripple’s CBDC and RLUSD Projects?
Reportedly, Ripple is currently piloting Central Bank Digital Currencies (CBDCs) in several countries, with Colombia and Palau being among the notable locations for these experiments. According to All Things XRP, a favorable outcome in the XRP lawsuit could bolster these efforts, accelerating the real-world implementation of CBDCs.
Meanwhile, the expert shed light on the XRP Ledger’s (XRPL) stablecoin project’s rapid growth. Although relatively new to the stablecoin ecosystem, Ripple’s RLUSD has demonstrated remarkable growth and adoption, positioning it ahead of established competitors like Ethena’s USDe and Circle’s EURC. Recently, Ripple resumed stablecoin minting by issuing 6,500,500 RLUSD.
Ripple SEC Case Victory To Spark XRP ETF Approvals
XRP has been exhibiting increased adoption and acceptance over the past few months, especially following Donald Trump’s re-election. Multiple asset managers have submitted their XRP ETF applications, with the SEC acknowledging them.
However, the SEC’s approval and the subsequent ETF launch still remain in a state of limbo due to the ongoing ambiguity surrounding the outcome of the Ripple lawsuit. As pointed out by All Things XRP, the potential conclusion of the XRP lawsuit could bring clarity to ETFs, ultimately triggering the launch.
Another significant development on the horizon is the widespread celebrations and community engagement following the XRP lawsuit resolution. This major milestone is expected to foster adoption and innovation within the ecosystem.
Although predictions abound, the outcome and timeline of the Ripple vs SEC case remain uncertain. Experts are split on the likelihood of an early resolution, with some forecasting a potential conclusion as early as March or April, while others predict a delay until July or August.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A renowned crypto market analyst projected a highly bullish outlook for Polygon this Wednesday, triggering severe market concerns globally. Market expert Ali Martinez hinted that POL price remains primed to crash and hit a $0.04 level ahead. As a result, investor sentiments remain alarmingly negative about the token (formerly MATIC) as it currently sits at the $0.2 price level.
Top Analyst Warns Polygon Dip To $0.04 Ahead: But Why?
In an X post on March 19, Ali Martinez signaled that Polygon is undergoing a ‘macro trend shift.’ Despite the broader market showing resilience and preventing massive downturns, POL price has entered a bear market.
The analyst reveals that the crypto formed a ‘descending triangle’ pattern over the past 4 years. This formation characterized a horizontal support floor at the $0.32 price level. However, the price kept hitting lower highs as it advanced, forming a ‘descending trend line.’
Subsequently, on February 25 this year, the price bearishly broke out of this triangle, losing key support mentioned above. In turn, the “odds for an 86% bear market increase towards a target of $0.04 persist,” per the analyst.
How Is Polygon Performing Now?
As of press time, POL price recorded gains worth 1% intraday and exchanged hands at $0.2123. The coin bottomed and peaked at $0.2035 and $0.2136 over the past day. Besides, it’s noteworthy that monthly and yearly losses totaled 35% and 78%, respectively. The broader bearish action remains poised to bore more heat amid the loss of vital support at $0.32.
Declining OI Signals Waning Market Sentiment
Simultaneously, POL futures OI saw a significant decline since the beginning of this year. Coinglass data indicated that the OI slipped from a $119M level as of late January to reach a $55 million level to date.
The declining derivatives data flags a loss of investor interest in Polygon, adding to market concerns amid bearish predictions.
Market Braces For FOMC Today
On the other hand, the U.S. FOMC set to take place shortly ahead has kept investors on their toes. Currently, CME FedWatch Tool Data shows a 99% chance of unchanged interest rates by the U.S. Fed.
Nevertheless, Fed Chair Jerome Powell’s speech remains much-eyed by market participants. Following the economic turmoil caused by Donald Trump’s tariff saga, a dovish hint towards upcoming monetary policies could significantly relieve crypto prices. In turn, even POL could leverage some macro relief, although bearish investor sentiments persist.
It’s also noteworthy that per CoinMarketCap, “the upgrade from MATIC to POL has been initiated on Ethereum’s mainnet.” The crypto’s community revealed that as a Polygon PoS, zkEVM user, MATIC holder, node operator, or staker, users remain poised to witness an effortless and seamless upgrade process.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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