- XRP maintains a $0.65 price range with a notable drop in 24-hour trading volume after a recent 52% gain.
- A prominent analyst predicts a parabolic rise for XRP above $1, supported by conquered trading zones.
- The analyst argued that XRP could surge to $1.4695 after breaking out of the consolidation zone.
Over the past week, XRP has remained stagnant at around $0.65, with its 24-hour volume averaging over $2 billion last week, now dropping below $1 billion. XRP appears to be relaxing at its current price range after orchestrating over 52% gains in under three weeks to $0.73 last week.
Amid XRP’s current trend, EGRAG, a renowned market analyst, has expressed conviction that XRP is preparing to engineer a parabolic rise above the psychological $1 price point. In a recent tweet, EGRAG shared XRP’s price chart, noting the digital asset has surmounted multiple identified crucial trading zones.
The trading zones that XRP has overcome, as identified on the chart, included “red flag,” “wicking,” and “ranging.” According to the analyst, XRP is now in a consolidation zone, with the next being bullish.
EGRAG XRP Market Chart on X
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