A market expert has now pointed out XRP entry points, forecasting and upward trend between $6 and $8.
A leading market analyst has pinpointed ideal entry points for investors eager to capitalize on XRP’s recent surge, establishing ambitious targets for its upward trajectory.
Over the past month, XRP has distinguished itself as one of the best-performing assets, rebounding from an underwhelming position to become a market standout since early November.
This remarkable turnaround has reignited investor interest, prompting many to seek optimal buying opportunities.
Market analyst EGRAG recently shared insights on potential entry points, expressing confidence that the rally will persist despite a recent market pullback.
In his latest report, EGRAG outlined several strategic entry points for XRP, maintaining a bullish outlook on the broader market.
He emphasized that the current cycle still has considerable growth potential.
EGRAG previously urged investors to enter the XRP market when it was trading below $1.
He continues to advocate for buying and holding now, suggesting that investors could see returns of five to ten times their initial investment.
Among his recommendations, EGRAG identified the $2.00 mark as a significant point for aggressive buying during this ongoing pullback.
He also indicated that the $1.60 to $1.70 range could present a prime opportunity if XRP experiences a dip from a rounding top pattern.
Furthermore, he expressed his intention to reinvest all profits into XRP if the price drops to $1.20, reinforcing his confidence in the asset’s potential for substantial gains.
EGRAG’s analysis suggests that XRP might soon break upward, potentially exceeding the $3.50 to $3.80 range earlier than expected.
Setting the stage for a rally that could target $6 to $8 in the near term.
The analyst believes the current bullish phase is just beginning, anticipating that the market cycle could peak by mid-March 2025, possibly extending into late 2025.
This timeline aligns with projections for a wave 5 cycle top.
In a separate discussion, EGRAG examined XRP’s weekly Relative Strength Index (RSI), highlighting a historical pattern characterized by two peaks during bull runs.
The first peak typically precedes a sharp decline in the RSI, while the second peak signifies the final high of the bull run.
Currently, XRP has only reached the first peak in this cycle, suggesting that the upcoming second peak could lead to significant price increases.
As it stands, XRP is trading at $2.50, having gained 3% in the last 24 hours.
Despite fluctuations—rising to $2.90 before pulling back to $2.40—the asset displays resilience, remaining up 24% in December.
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Also Read: AI Now Provides Best Short Term And Long Term XRP Scenario
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