Cheeky Crypto, a crypto YouTube channel with more than 160,000 subscribers, made predictions about the XRP price and discussed some future expectations
Crypto YouTuber Cheeky Crypto, a channel with over 160,000 subscribers, recently shared some XRP price predictions and discussed some future expectations for the token.
Here’s a summary of the predictions and analysis.
The analyst noted the recent XRP price pullback after a sharp rise, but highlighted that the price is still holding up better compared to the general crypto market.
In fact, the price of Ripple’s XRP is maintaining key support levels from early July, unlike many other cryptocurrencies.
With that in mind, let’s take a look at the short-, medium-, and long-term price predictions for XRP, as discussed by the analyst in the following paragraphs.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrops by the same team – Dogs on Ton!
Short-Term XRP Price Prediction
On the 4-hour chart, there’s a potential death cross (50 SMA crossing below the 200 EMA) that could indicate further price declines in the short term.
There’s price support around $0.40-$0.46 and resistance at $0.54 and $0.56.
The analyst is expecting more volatility before a potential upward move. However, even if there’s a bearish move, the critical support at $0.382 should not be broken to maintain the bullish structure.
Read Also: Notcoin (NOT) Price Surges 1,200% After Binance Listing: What’s Next?
Medium-Term XRP Price Prediction
In the medium term, the analyst is observing a five-wave structure indicating potential upward movement.
With this, there might be an upward move to $0.74-$0.84 if the current support holds. However, if XRP falls below $0.40, the bullish outlook is at risk.
On the daily chart, XRP is in an oversold area, suggesting potential upward momentum. For a bullish scenario, a move above $0.75 is needed.
Long-Term XRP Price Prediction
In the long term, the presenter sees the possibility of an impulsive breakout. He noted that a break above $1.42 could indicate a larger impulsive breakout.
Potential long-term targets range between $5.59 and $11.25, with possible extensions up to $34.95 under extraordinary conditions.
The long-term predictions are based on some significant growth that the analyst expects in 2025, which will also coincide with the peak of the bull market.
There’s a need for constant updates and analysis on XRP. The outcome of the ongoing Ripple and SEC issue will also determine a lot.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community? Get all our future calls by joining our FREE Telegram group.
We recommend eToro
The above is the detailed content of XRP Prediction: Expert Maps Out Ripple's Expected Price Trajectory from Now Till 2025 – Here's Their Outlook. For more information, please follow other related articles on the PHP Chinese website!