I am not a professional trader or anything but I have the feeling that #XRP will hit new highs (not all time) in the upcoming days… 2024 is going to be the year for it to reach where it belongs… Please share your thoughts in the comments!!!

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Plan to trade XRP? Here’s what you should now

XRP has undergone a sharp short-term price correction after trading within a consolidated zone for several months despite gaining partial legal clarity that deemed it not a security.

As the new week begins, XRP and the broader cryptocurrency market face critical moments, with all eyes on the anticipated spot Bitcoin (BTC) exchange-traded fund (ETF) approval. This event is closely monitored for its potential impact on the market.

In this line, crypto analyst Cryptoinsightsuk, in an X (formerly Twitter) post on January 7, highlighted the significance of this event and its potential influence on the trajectory of XRP. From his perspective, XRP is poised for a breakout, but investors need to monitor various developments closely.

The expert emphasized the importance of XRP holding a weekly close above $0.5636. This level is considered pivotal, with XRP having reacted to it multiple times over the past seven years, both as support and resistance.

The analyst pointed out that the current technical characteristics of XRP resemble those of previous bear markets.

He also observed a tight consolidation structure in XRP. From a technical standpoint, the rising consolidation is considered a more bullish structure than that seen in 2017.

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🚀 XRP Bulls Alert: Targeting $3.70 in a Potential 487% Rally! 📈🎯

Renowned market analyst EGRAG unveils a compelling case for XRP, projecting a potential surge to $3.70, reflecting an impressive 487% rally.

🚀💹 If history repeats itself, XRP could be on the verge of a significant breakout, following a pattern highlighted in EGRAG's insightful analysis.

🔄 Historical Consolidation Patterns: A Blueprint for XRP's Future!

EGRAG draws parallels between the current phase of XRP and historical consolidation cycles, particularly emphasizing "Cycle B" from Q2 2019 to early 2021. During this period, XRP battled bearish consolidation, eventually breaking out to rally by 579%. Now, XRP seems to be mirroring a similar pattern, entering a consolidation phase, as indicated by the Super Gruppy indicator.

💡 The Super Gruppy Indicator: XRP's Green Light for a Bullish Surge!

EGRAG highlights the significance of the Super Gruppy indicator, which turned red during bearish consolidation but flashed green upon breaking the upper trendline. The current cycle suggests that XRP is on the cusp of breaking above the upper trendline, potentially signaling another bullish rally.

📊 Price Targets and Potential Gains: Aim High with XRP!

If XRP replicates the previous cycle, EGRAG sets an ambitious target at $3.70, projecting a substantial 487% rise from the current price of $0.63. Investors eyeing seven to eight times gains might find XRP a wise choice, according to the analyst.

🔍 Current XRP Performance: Capitalizing on the Market Run!
XRP's current price of $0.6303 represents a 3.1% rise in the past 24 hours, showcasing resilience amid market dynamics. While not matching the pace of Bitcoin's surge, XRP's 24-hour volume is up 13.72% to $902,835,386.

📈 Don't Miss the Ride: Position Yourself Wisely in XRP's Potential Surge! 💼🌐

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