Latest news with #EgragCrypto
Business Mayor
18-05-2025
- Business
- Business Mayor
$40 Billion Worth Of XRP On The Move – Where Are They Headed?
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off. Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchange's reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking. Related Reading Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening. This selling pressure comes amid Judge Analisa Torres' ruling in the Ripple SEC lawsuit , which provides a setback for XRP. The judge denied the parties' motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRP's failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset. Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62. Related Reading His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoin's price to rally to between $27 and $33 in this market cycle. Source: Egrag Crypto on X At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. XRP trading at $0.21 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Business Mayor
17-05-2025
- Business
- Business Mayor
XRP Price Explosion To $5.9: Current Consolidation Won't Stop XRP From Growing
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price is once again in the spotlight as a new technical analysis indicates that the cryptocurrency may be on the verge of a significant price explosion to $5.9 and beyond. According to the analyst behind this forecast, XRP's recent price behavior is not a sign of weakness but rather a period of strategic consolidation that is building momentum for the next major surge. Consolidation Phase To Fuel XRP Price Explosion Master Ananda, a crypto analyst on TradingView, released a detailed analysis of XRP on May 15. The analysis highlights the cryptocurrency's current price action and predicts its next bullish move . Starting with its historical price behavior, the analysis highlights a strong rally that took place in 2024, particularly around November and December, when XRP printed long green candles that indicated strong momentum. Related Reading After reaching a high, XRP entered a consolidation phase , during which price action formed a pattern resembling a symmetrical triangle or wedge. This is marked with red dashed lines on the chart, showing indecision in the market as the price was suppressed . Master Ananda revealed that after this triangle formation , XRP broke out around April 7, 2025 — a date now marked as a potential inflection point in the cryptocurrency's market cycle. Since then, weekly candles have consistently closed in the green, indicating renewed bullish momentum . Read More What Is Monero (XMR) Network? Adding to Master Ananda's bullish case for the XRP price is a Fibonacci retracement and extension levels drawn from the previous major swing high to the recent low. These levels help identify potential resistance and target zones for the next leg up. Source: Master Ananda on Tradingview Notably, the retracement levels have been marked around $2.05 (0.236 Fib), $2.39 (0.382 Fib), and $2.71 (0.618 Fib), culminating at the previous high of $3.40. Fibonacci extension project potential targets are at $4.50 (1.618 Fib), and the highest level is at $6.29 (2.618 Fib). Currently, the trajectory of the curved green arrow in the chart shows a more probable price target of around $5.9. However, XRP will still have to surge past the aforementioned retracement levels and the resistance at $4.5 to reach this level. The overall takeaway of this analysis is that XRP is printing strong bullish signals , and its current consolidation is seen as a precursor to further growth. The asset Approaches Make Or Break Zone XRP is entering a decisive phase, as crypto analyst Egrag Crypto predicts an imminent breakout from a tight consolidation range , within which the cryptocurrency has been trading for months. The analyst's chart shows a purple zone, which he described as a 'pandora box.' This zone represents a critical price range acting as both resistance and support, effectively trapping price action. Related Reading Egrag Crypto emphasizes that a breakout above or below this boxed range could ignite high volatility and significant momentum for XRP. He frames it as a pivotal moment where big moves, possibly explosive ones, are expected to happen. Read More Cardano (ADA) Sets Sights on New Gains: Is a Surge Imminent? XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Business Mayor
15-05-2025
- Business
- Business Mayor
XRP Moves Into Key Range Against Bitcoin As 3 Major Targets Show Up
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP has re-entered a pivotal trading range against Bitcoin (BTC) , stirring up excitement as technical signals suggest a potential breakout. This move is reinforcing its bullish position, highlighting three major price targets that could confirm a larger macro rally. XRP Sets Sights On Key Targets Against Bitcoin After months of consolidation, the XRP/BTC trading pair is now back inside a critical triangle formation, which market expert Egrag Crypto has identified as a key price range to watch for potential breakout or breakdown moves. The analyst shared a short-term XRP/BTC chart on X (formerly Twitter), explaining how important this price range is for the trading pair to hit new bullish targets and reach even larger goals. Related Reading This triangle structure, dating back years, acts as a roadmap for XRP/BTC's potential breakout, but only if it successfully flips certain levels into support. The first major target highlighted by Egrag Crypto is $0.000003033, which represents the upper boundary of the triangle. A decisive breakout above this level would signal a structural shift, confirming a possible bullish breakout from the narrowing wedge. Source: Egrag crypto on x The analyst's second key target is $0.00003430, the local high from XRP/BTC's last rally. This price level is crucial for momentum validation, as flipping this into support with strong volume would build strong confidence in the next upward move and show confirmation that it can hold above it. The third and most critical target the XRP/BTC pair is expected to reach is $0.00004300, which aligns with the Fibonacci 1.0 level and XRP/BTC's previous cycle high. A move beyond this level suggests the beginning of a macro rally, unlocking access to higher Fibonacci extension levels , including: 1.272 Fib ($0.00007244) 1.414 Fib ($0.00009546) 1.618 Fib ($0.00014191) 1.888 Fib ($0.00030000) The Altcoin Must Hold Support Or Risk Macro Breakdown While Egrag Crypto's breakout targets paint an optimistic picture, the XRP/BTC LTC analysis comes with a stark warning of a potential crash . The analyst has raised alarm bells, warning not to lose the 0.618 Fibonacci level at $0.00002032. Related Reading This support range acts as the last kind of defense for XRP/BTC's bullish market structure. The analyst goes as far as to say, 'Lose an arm, but don't lose this range,' emphasizing the importance of maintaining this level. He further predicts that if the pair drops below this support level, it could see a decline to as low as $0.00000611. At the time of the analysis, XRP/BTC was trading at approximately $0.00002516, showing early signs of recovery after dipping below the triangle range. If bulls can defend this level and hold on to their upward momentum , the path toward flipping resistance levels into support becomes potentially clearer. Egrag Crypto has also outlined potential price projections for the XRP based on the bullish scenario where the XRP/BTC pair reaches several upper Fibonacci levels and Bitcoin rallies to key milestones . XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Featured image from Getty Images, chart from
Business Mayor
10-05-2025
- Business
- Business Mayor
XRP Analyst Marks XDC For 3,350% Take-Off As Bullish Metrics Emerge
Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP analyst Egrag Crypto , who is well-known for offering bullish predictions about the altcoin, has now drawn the crypto community's attention to another altcoin, XDC. The analyst predicts this crypto token could also witness a remarkable surge and enjoy up to a 3,350% gain as bullish metrics emerge. XDC To Rally To $2 As Indicators Turn Bullish In an X post , Egrag Crypto stated that XDC will rally to $1 and then easily surge to $2. This came as he remarked that the altcoin's chart looks 'amazing.' First, the XRP analyst noted that the RGB (Red-Green-Blue) indicators perfectly align with the XDC token . Based on this, he asserted that the next move for the altcoin could be a 10x pump. Related Reading: Fartcoin Reaches Critical Make-Or-Break Level: Analyst Reveals What Could Happen From $0.77 This XDC price surge is expected to target the Fibonacci levels between 1.414 and 1.618, rallying to between $0.50 and $0.80. The XRP analyst remarked that this is still below the previous cycle's blow-off top, when the token soared by 3,350%. He expects XDC to replicate this explosive move, potentially surging to the $2 target. Source: Egrag Crypto on X The XRP analyst alluded to the Stochastic Relative Strength Index (SRSI) as another bullish indicator. He revealed that the SRSI is waving bullish signals. The analyst admitted that there is still a long road for XDC to reach and sustain RSI levels above 80, but claimed that the momentum is definitely on the bulls' side. In line with this, Egrag Crypto asserted that big moves could just be around for the altcoin. The Bearish Angle For The Altcoin The XRP analyst also provided a bearish angle for the XDC price. He revealed that the 21 Exponential Moving Average (EMA) is on the verge of crossing below the 33 Moving Average. If that happens, the analyst warned that it could turn super bearish. Related Reading: Altcoin Season In Danger If Bitcoin Dominance Closes April Above This Level However, he added that this crossover will most likely be avoided and that there could be a blow-off top before the inevitable retracement. The analyst also urged market participants to be attentive as the sharp move higher would come unexpectedly before a big crash to the downside. From a fundamental perspective, XDC's outlook also looks bullish. The XDC network just officially joined the MiCA alliance, which is a major step forward in aligning blockchain innovation with regulatory clarity in Europe. The team stated that the network is deeply committed to compliance, transparency, and building long-term trust. Like Ripple's offering using XRP for cross-border payments, XDC is a layer-1 that offers real-world applications like trade finance, cross-border payments, and RWA tokenization. At the time of writing, the XDC price is trading at around $0.07, up over 1% in the last 24 hours, according to data from CoinMarketCap. XDC trading at $0.075 on the 1D chart | Source: XDCUSDT on Featured image from Getty Images, chart from
