- According to crypto analyst COINSKID, #XRP could rise to $ 21 in the coming years.
- XRP, according to the analyst, is in a bull market structure and corrections are normal.
- XRP achieved a monthly gain of 32.54% after the SEC case.
Although XRP has started consolidating its earnings after blockchain company Ripple's big victory in its lawsuit against the United States Securities and Exchange Commission (SEC), a popular cryptocurrency analyst believes that XRP can maintain its earnings and even reach $21 in the next few years.
Indeed, CoinsKid, a leading cryptocurrency expert, published a video on his YouTube channel on August 8, analyzing the price movement of XRP over a weekly period of time, emphasizing that a large movement may be possible when the cryptocurrency completes a correction.
Will XRP Rise?
CoinsKid specifically stated that it expects XRP to surpass the 78.6% Fibonacci retracement level, which is currently $1.30. Indeed, if the token manages to do this, the analyst believes that it could be a big buy signal and reach the $ 21 price level in 2025.
How much is 1 XRP $?
Meanwhile, according to the latest information, XRP displayed a 32.54% Deceleration chart on its monthly chart. According to the writing time, it was continuing to trade at the price of $ 0.623, which represents an increase of 0.79% in the last 24 hours and a decrease of 9.6% in the previous seven days. On the XRP / TL side, when the price was examined as of writing time, the price continued to trade at the level of 1.4 TL with a daily increase of 17%.
Recently, crypto trading analyst Michaël van de Poppe announced that XRP is currently in a correction due to investors seizing the opportunity to make a profit by selling their XRP at a high price and “buyers are not stepping in due to lack of confidence”. Given this, it may be useful for investors to be careful on their behalf. #crypto2023 #Binance
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