{"id":9068,"date":"2024-09-24T13:31:49","date_gmt":"2024-09-24T13:31:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=9068"},"modified":"2024-09-24T13:31:49","modified_gmt":"2024-09-24T13:31:49","slug":"ripple-xrp-price-in-danger-analyst-forecasts-violent-crash","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=9068","title":{"rendered":"Ripple (XRP) Price in Danger? Analyst Forecasts Violent Crash"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple\u2019s XRP has risen lately, supported by positive news, though some analysts warn of a potential sharp decline.
\nOther experts remain bullish, expecting XRP to continue climbing, possibly hitting $0.66 soon.<\/p>\n

<\/a><\/span><\/h2>\n

\u2018The Breakdown Will be Violent\u2019<\/h2>\n

Ripple\u2019s XRP has experienced a substantial uptick in the past two weeks, with its price increasing by 9% and currently trading at around $0.58 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Some of the main factors <\/span>playing a role for<\/span> the resurgence include Grayscale\u2019s decision to <\/span>launch<\/span><\/a> a dedicated Ripple Trust and the US Federal Reserve which decreased interest rates by 0.5% for the first time in four years. The second element benefited the entire digital asset sector which flashed green shortly after the announcement.<\/span> Bitcoin, for instance, briefly surpassed $64,000, while the global crypto market capitalization exceeded $2.3 trillion.<\/span><\/p>\n

And while many analysts expect XRP to continue its uptrend <\/span>in the near future<\/span>, others predicted a painful scenario for the bulls. The X user JACKIS recently forecasted<\/a> a \u201cviolent breakdown\u201d for the token\u2019s price, warning investors to take measures.<\/span><\/p>\n

\u201cThe trendline is super weak & the distribution is too long,\u201d the <\/span>popular<\/span> trader argued.<\/span><\/p>\n

Some <\/span>of those commenting<\/span> below the post did not share the same thesis, claiming XRP is poised for further gains.<\/span> ALTSTEIN TRADE, on the other hand, <\/span>described<\/span><\/a> the prediction as an \u201cinteresting take,\u201d envisioning a \u201crough\u201d collapse if the asset\u2019s valuation breaks down.<\/span><\/p>\n

The Optimists<\/span><\/h2>\n

As mentioned above, many other market observers remain bullish that XRP\u2019s price has yet to soar to new dimensions. The X user Bitlord, for example, <\/span>thinks<\/span><\/a> the token is ready to experience a \u201cparabolic explosion vertically \u201cin the short term.<\/span><\/p>\n

\u201cThe amount of hate XRP gets is phenomenal <\/span>Fact<\/span> is, last time I called\u00a0<\/span>Ripple<\/span>\u00a0it moved a few billion.<\/span>\u00a0<\/span>Topped<\/span>\u00a0it, too.<\/span>\u00a0Now I\u2019d like to see that party start up again, \u201d\u00a0they added.<\/span><\/p>\n

Dark Defender and The Great Mattsby <\/span>chipped in, too<\/span>. The former thinks XRP could soon hit $0.66, while the latter <\/span>found<\/span><\/a> similarities between the token\u2019s price chart and <\/span>the performance of Tesla<\/span> (TSLA) during the 2010s.<\/span><\/p>\n

Over that decade, the stock\u2019s value surged from under $2 to <\/span>as high as<\/span> $30. The EV behemoth kept gaining momentum in the years that followed, and today (September 24), TSLA shares are close to $250. It\u2019s an interesting comparison, especially considering the two assets have <\/span>virtually<\/span> no similarities.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

The post Ripple (XRP) Price in Danger? Analyst Forecasts Violent Crash<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple\u2019s XRP has risen lately, supported by positive news, though some analysts warn of a potential sharp decline. Other experts remain bullish, expecting XRP to continue climbing, possibly hitting $0.66 soon. \u2018The Breakdown Will be Violent\u2019 Ripple\u2019s XRP has experienced a substantial uptick in the past two weeks, with its price increasing by 9% […]<\/p>\n","protected":false},"author":0,"featured_media":9069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9068"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9068"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9069"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}