$2 for XRP is Really Possible: Roadmap Revealed!

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Ripple (XRP) price fell below the $0.54 level for the fourth consecutive day. This fluctuation in price attracted attention as interpreted by some analysts as a sign of revival.

Controversial analyst EGRAG also continues to share his prediction that the price will exceed $2 in the near future. The analyst detailed his analysis by sharing the important price levels that need to be reached before $2.

According to the analysis, these important regions are at the same level as several Fibonacci Rate Resistance Fan (FSRF) levels. FSRF is a tool that uses Fibonacci retracement levels to identify potential areas of resistance in an uptrend market. It helps investors identify possible reversal or consolidation points.

Critical Resistance Levels for XRP

EGRAG says XRP price is currently in a good position relative to the resistance formed by the rise in July 2023 stated. As we reported as Koinfinans.com Ripplehad won a partial victory in its ongoing case with the SEC, with the decision taken on July 13. This helped the native token price skyrocket to $0.9396. However, resistance at $0.93 was aligned with FSRD 0.618.

This FSRF 0.618 resistance level for XRP continued its downward trend. It is now aligned with the $0.75 level. The analyst stated that this level is the first resistance before $2.

If XRP exceeds FSRF 0.618 at $ 0.75, it will consequently activate the resistance at $ 1.1. Therefore, investors are excitedly waiting for this level, which was last seen in 2021.

After that, $1,168 will come into play, which is in line with $1.54. However, this level is not the same as the “Fibonacci Speed ​​Resistance Fan”. After $ 1.54, $ 1.96 will enter the game and the $ 2 level will be possible. EGRAG claims that the last $27 will be active from this level.

Source : The Crypto Basic


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