XRP’s Nike Swoosh Pattern Now Indicates A Potential Price Increase

CoinMarketCap02:44

XRP’s Nike swoosh pattern now indicates a potential price increase of either $6.40 or $13 according to a notable analyst. Over the past seven years, XRP has exhibited price movements that have formed ...

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he sees this level as a potential launchpad for further p","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓","BK4534":"瑞士信贷持仓","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4581":"高盛持仓","BK4588":"碎股","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4146":"鞋类","BK4585":"ETF&股票定投概念","BK4566":"资本集团","BK4558":"双十一","LU0823411888.USD":"法巴消费创新基金 Cap","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","PEGI":"Pattern Energy Group Inc."},"translate_title":"XRP的Nike Swoosh图案现在表明价格可能上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PEGI":1},"content_text":"XRP’s Nike swoosh pattern now indicates a potential price increase of either $6.40 or $13 according to a notable analyst.\nOver the past seven years, XRP has exhibited price movements that have formed a notable “Nike swoosh” pattern, identified by market analyst EGRAG.\nThis pattern traces back to January 2018, following a significant drop from XRP’s all-time high of $3.31.\nEGRAG suggests that this bullish formation may pave the way for a substantial price rally in the future.\nThe Nike swoosh pattern typically signifies a bottoming phase, indicating that after a period of decline, an upward trajectory may be on the horizon.\nAccording to EGRAG’s analysis, if XRP adheres to the anticipated upward arc of this swoosh, it could reach impressive new heights.\nFor nearly three years, XRP lingered below the critical $1 mark, but recently it has broken through this long-standing resistance.\nEGRAG identifies a decisive break above $1.10 as crucial; he sees this level as a potential launchpad for further price gains.\nEstablishing support above $1.10 could transform this threshold into a long-term floor for XRP’s value.\nEGRAG emphasizes that the achievement of higher price targets will hinge on market momentum.\nOn a non-logarithmic scale, he identifies $6.40 as a key resistance level, while a logarithmic analysis suggests an even loftier target of $13.\nThese price points represent ambitious long-term goals for XRP.\nHaving recently solidified support above $1.10, XRP is now poised to aim for EGRAG’s projected targets of $6.40 and $13.\nHowever, reaching these levels will likely depend on broader market support and robust buying momentum, which are essential for sustaining the upward movement.\nXRP is currently trading at $1.71 at the time of writing.\nRead Daily Crypto News for more news and updates like this.\nFollow us on CoinMarketCap\nAlso Read: Analysis: Here Is Where XRP Is Headed At The Moment\nThe post XRP’s Nike Swoosh Pattern Now Indicates A Potential Price Increase appeared first on Daily Market News 🗞️.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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