good evening friends of the projects-hope community, on this occasion tonight I would like to share a little information about the price of One of the popular crypto analysts monitoring Ripple's crypto performance is EGRAG CRYPTO, making him the focus of a poll he conducted on X. The poll aims to gauge public sentiment regarding the current price level of XRP. The results, revealed in a recent post by the analyst, show differences in opinion among the 3,000 participants.
XRP Price Performance and Its Frustrated
Investors A majority of 56.3 percent expressed their disappointment with the recent price movements of XRP. This sentiment reflects the volatile nature of cryptocurrencies and the high expectations of investors.
“Around 43.7 percent are dissatisfied with their current holdings or very confident with their HODLing choices,” EGRAG said in its tweet.
According to Coin Edition's report, EGRAG CRYPTO analysis further revealed that a significant number of 70 percent of participants plan to sell their XRP holdings as the cryptocurrency approaches its historical peak. In contrast, only 5 percent would consider holding their investment in XRP beyond the US$10 mark. These findings indicate a cautious approach by the majority of investors in response to volatile markets.
The latest market data supports this sentiment. According to data from CoinMarketCap, a leading crypto market tracking site, XRP experienced a decline of 1.72 percent in the last 24 hours. At the time of this report, the coin was trading at US$0.6196, reflecting a short-term downward trend
This drop is part of a larger negative trend for XRP. Over the past week, the Ripple cryptocurrency has seen its value drop by 9.91 percent. Trends like this can be worrying for investors and may affect their future investment decisions. The immediate future for XRP appears uncertain. The coin has lost critical support at the US$0.6235 mark in the last 48 hours, leading to a potential risk of a drop to US$0.5845 in the coming days. However, this bearish view could be reversed if XRP manages to close the daily candle above the US$0.6235 mark in the next 48 hours, potentially leading to an increase in value of up to US$0.68.
Ready to Soar
In the midst of this market uncertainty, EGRAG also presents bold predictions. This analyst predicts an 800 percent jump in the price of XRP in two weeks, potentially catapulting its price from under US$0.65 to over US$5.50. NewsBTC reports that, this analysis is based on recent price movements and the application of Fibonacci indicators, indicating an upcoming major rally for XRP.
This prediction follows a previous prediction made by EGRAG in May, where it identified the Final Wake Up Line for XRP, a downward trend line from its all-time high of US$3.40 in 2018.
At that time, EGRAG had set several price targets for XRP, predicting significant growth in the coming months. Recent developments in the XRP ecosystem have strengthened this prediction. XRP became the only crypto asset to receive regulatory clarity in the US, leading to a price spike of more than US$0.93 against USDT on various exchanges. This growth meets EGRAG's initial price target of a range of US$0.85 to US$1.
EGRAG's latest analysis shows that XRP appears to be forming support around the previously identified Final Wake Up Line. The next target, according to analysts, is around US$5.5, a projection based on the symmetrical triangle formed between the Final Wake Up Line and the Atlas line. If EGRAG's analysis proves correct, XRP could reach this price point in the next two weeks, marking an important milestone in its market trajectory. Lets watch.