, the leading altcoin, has not been affected yet by this potential correction. Today, XRP’s price rose another 1.67%.
Has projected a far higher goal for XRP by 2025.
XRP is starting to lose its recent momentum today. With a 38% drop in trading volume and $11.4 Billion, it has reached $11.4 Billion.
XRP price analysis: Could a correction derail the path to $5?
The concern that XRP’s recent rally might have been too rapid is now coming to a climax as technical indicators sound alarms.
As the Relative-Strength Index (RSI), a weekly indicator, has reached a deep overbought level of 88, XRP is likely to need a correction in order to gain stability for the next leg up.
The popular pseudonymous Egrag Crypto wrote a recent X-post that said this would have little effect on XRP’s trajectory to $5.
Chart of XRP/USDT, triangle pattern. Source: Egrag Crypto/X
The analyst compared a recent breakout in a triangle pattern symmetrical that had been forming from mid-2017, to a breakout of an earlier pattern.
As the current rally is similar to the 2017 breakout, this analyst sets a $5.30 price for XRP. This represents a 180% increase over current prices.
The projection does come with some caution. Similar to how the 2017 rally ended with a major correction, this pattern could also play out.
Egrag believes that XRP will reach its peak and then retrace 63% of the price. This would bring XRP back to just below the $2 mark. It would be in line with XRP’s prior all-time high, set in 2021.
The analyst warned, too, that the timeline for this rally may differ from the last. XRP is a good example since it has far exceeded its fundamentals.
This fleeting opportunity could lead to bigger gains.
New opportunities have the potential to yield faster and greater returns. After all, fortune favors bold.
Investors looking to capitalize on the explosive growth of low-capmemecoins are becoming more strategic as “memecoin supercycle” sentiment takes hold and coins such as $Coolguy or $Pnut gain in popularity.
All-Stars Bitcoin ($STARS) offers a unique opportunity, as it is the industry’s very first meme coin Staking Platform.
The MemeVault gathers the entire community of meme coins under the Crypto All-Stars umbrella. Users stake to earn rewards, which are paid in the project’s native token, $STARS.
Allows even the most dedicated meme coin holders to keep their coin and still benefit from the gains stake offers. One of the main reasons why this project was a success is that it raised $7.5 million in its prpresalehe $STARS investment offers one of ‘s best passive income opportunities, with an impressive 286% APY.
Early All-Star investors are reaping consistent profits despite the recent market volatility.
Although it’s not yet too late, this opportunity will soon be gone. As the ppresaleis about to end in 18 days, there’s not much time left!
presale
presale
