8 March XRP Price Outlook: Analyst Says $9.7 Is Just the Beginning!
Amidst a wider decline in the cryptocurrency market following the White House Crypto Summit, the price of XRP has remained negative today. Experts are nevertheless upbeat about the coin’s long-term prospects despite the recent erratic movement. According to a recent analysis, the cryptocurrency may replicate its spectacular 2017–2018 surge, which saw it soar by more than 700%. The price of Ripple’s native asset might skyrocket, possibly hitting double-digit valuations, if history repeats itself.
Two important price goals for XRP have been identified by renowned analyst EGRAG CRYPTO. He uses past breakout patterns to predict how prices will move in the future. The first goal, which is the midpoint of a triangular breakout pattern, is $9.7. Instead of waiting for a precise peak, the expert advises traders to think about collecting profits progressively around $8, $9, and $10. Investors may be able to achieve gains with this method without losing out on market changes.
XRP Whales on the Move: Is a Major Price Swing Coming?
In light of the recent sharp increase in XRP whale activity, EGRAG CRYPTO made this audacious prediction. Expert Ali Martinez brought attention to the trend in a recent X post, stating that whale activity from the cryptocurrency has been steadily increasing over the last three weeks.
This is noteworthy because it shows that market participants are becoming more involved with the XRP network. This might also be because of the selling, but based on current market trends, it appears that more investors are joining the market. Ripple whales just traded about $6 billion in coins, which has traders’ attention.
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