According to the finance guru, XRP will drop to a low of $0.38 before staging a major rally that will launch it to $0.65. Guru, for altcoin ‘Don’t miss this opportunity!’ says.
Evai CEO: It’s an exciting time to be in XRP
cryptocoin.com As you follow, experts have been paying particular attention to XRP lately. Matthew Dixon, CEO of AI-powered crypto rating resource Evai, has become the latest financial expert to predict the next direction of the asset. Dixon believes the altcoin project will skyrocket to $0.65 in the foreseeable future.
The finance professional performs a follow-up analysis based on his previous findings. In this context, Dixon emphasizes that XRP continues to move in the predetermined direction, eliminating the need to update its previous chart. The expert makes the following statement regarding his prediction:
There is no need to update the labeling on XRP as it follows the path we envisioned. Once the X wave is up and then the Y wave is complete it will offer some excellent risk reward ratios. This is an exciting time to be in crypto once again. Don’t miss the boat
No need to update labelling on #XRP as its following our projected path to the letter. On completion of the X wave up, then Y to the downside, there should be some excellent risk reward ratios on offer. This is once again an EXCITING time to be in #CRYPTO Don't miss the boat… pic.twitter.com/zxn5y04sHE
— Matthew Dixon – CEO Evai (@mdtrade) May 23, 2023
The expert’s route for the altcoin
The finance expert cites data from a 4-hour XRP chart. In this context, he predicts XRP will initially rally to the $0.49 price zone to complete what he calls Wave X. Afterwards, he expects XRP to experience a massive drop to $0.38 next month. This will represent the completion of Wave Y.
However, Dixon states that the altcoin price is poised to make a comeback from this position. According to him, XRP will rally and skyrocket to the $0.65 level. Meanwhile, it is worth noting that XRP last saw this region in May 2022. In this case, a rise from $0.38 to $0.65 would indicate a 71% increase. According to Dixon, a drop in XRP to $0.38 will present an attractive opportunity for investors to take advantage of to increase their holdings. “There will be some excellent risk-reward ratios here. This is an exciting time to be in crypto once again. Don’t miss the boat,” he says.
Another analyst predicts a similar rise for XRP
Analyst Egrag also predicts a price increase towards $0.6 on XRP’s journey higher. In a recent analysis, Egrag says that if it can close above the mini descending channel it identified on the daily timeframe, the altcoin will likely skyrocket to $0.67.
Meanwhile, XRP remains above the $0.46 level at press time. The altcoin is trading at $0.4628, up 0.58% in the last 24 hours. Meanwhile, XRP has gained 9.36% in the past week.
