There are exciting days for XRP investors. Famous crypto analyst Ekrag Crypto announced that the XRP price can reach $ 17 next year. This ambitious estimate came with technical indicators supporting the analyst’s rise scenario. However, a few critical levels need to be exceeded to achieve this goal.
Critical levels and targets for XRP
In his analysis, Ecrag Crypto said that it is possible for XRP to reach $ 17. According to the analyst, the existing price movements and the formation of the bull flag (Bulish Pennant) indicate the way to this goal. However, the XRP price to achieve this goal before the level of $ 3.40 should make a strong closing.
In addition, the graph shared by the analyst shows that the XRP has long respected the support level with its yellow line for a long time. This level of support stands out as the key point of the rise scenario. Analyst said that if this level is falling below this level, the XRP could enter a strong downward trend. Nevertheless, the current technical indicators show that this scenario is low.
Close to $ 3,35.
Another popular crypto analyst Ali Martinez announced that $ 3.35 in the short term can be targeted for Ripple. Martinez said that XRP has created a “Cup and Handle” formation and that a upward break from this formation could carry the price to $ 3.35. Recently, the XRP price gained 13 %value and caught a strong momentum in the markets. This ascension gained momentum when the US Securities and Stock Exchange Commission (SEC), Grayscale and 21shares accepted XRP ETF applications. This development increased the demand for the XRP and created a positive atmosphere among investors.
Market experts think that the XRP can take advantage of this positive atmosphere to higher levels. If the current rise acceleration persists, it is possible to see new summits that the XRP price has not tested before. The interest of XRP investors increases the potential to achieve price targets. However, it is recommended that investors should be careful in this process and follow the critical levels closely.
