Ripple Analyst Predicts XRP To Hit $1 If This Happens

Ripple (XRP) has been trending for 300 days, according to a recent analysis by a prominent analyst Cryptocurrency EGRAG. The analyst’s SSMP (Structural, Sentiment, MACRO, Psychological) model outlines four key milestones that could potentially lead XRP to reach the $1 mark, a milestone for the cryptocurrency.

Structural Ripple Formation

The first stage of the SSMP model focuses on the structural formation of the price of XRP. EGRAG Crypto identifies the $0.53 to $0.58 range as crucial for the cryptocurrency. The past few weeks have shown a strong base forming within this range, hinting at a potential uptrend starting between $0.55 and $0.58.

If Ripple (XRP) can maintain its price above this level and establish a solid base, it could pave the way for further price appreciation in the weeks and months to come.

Also Read: How High Can Ripple (XRP) Rise This Week?

The second stage of the model revolves around the status of feelings. EGRAG Crypto suggests that the $0.63 to $0.70 range marks a potential change in sentiment for XRP. Monitoring this range and associated trading volume could provide valuable information to investors looking to seize pricing opportunities and manage risk.

A break above the $0.70 level with heavy volume could indicate a positive change in market sentiment, potentially leading to further price increases for XRP.

MACRO XRP Range

The third stage of the SSMP model focuses on the MACRO range. EGRAG Crypto identifies the $0.75 to $0.85 range as a crucial level for XRP. If the cryptocurrency manages to close above this range on a weekly basis, it could signal the start of a significant rally.

Additionally, a monthly close above this range would mark the end of an era where XRP was trading below the $1 price. This would be a milestone for the cryptocurrency and could potentially attract more investors and traders to the market.

Also Read: Cryptocurrency: Top 3 AI Gem Coins to Invest Now

The final stage of the model is the psychological battlefield. EGRAG Crypto suggests that the $0.93 to $1 range is where emotions such as fear, greed, anxiety, and overconfidence collide. A monthly close above this range could mean saying goodbye to sub-$1 prices for XRP forever.

This psychological level is crucial for XRP, as crossing it could lead to a significant change in market sentiment and potentially pave the way for further price appreciation in the future.

EGRAG Crypto’s SSMP model provides a comprehensive framework for analyzing the potential price trajectory of XRP. Furthermore, by outlining four crucial stages – Structural Formation, Sentiment State, MACRO Range and Psychological Battleground – the analyst identified key price levels that could potentially lead XRP to reach the milestone. $1.

Also read: Cryptocurrency: three coins that could rally in May


reference: watcher.guru

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