Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-12

ETH up to $ 10k? – Analysts say that the graph and rivals point to ‘yes’

2025-05-12

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-12

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-12

    Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

    2025-05-12

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Will the XRP Price Defy a 50% Stock Market Crash? Analysts weigh in
Analysis

Will the XRP Price Defy a 50% Stock Market Crash? Analysts weigh in

2023-10-04No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The financial world is abuzz with speculation about the resilience of cryptocurrencies amid potential global financial turmoil and a looming recession in the United States. XRP, with its unique status, has become the center of these discussions, following a series of comments and analyzes by renowned crypto analyst Egrag Crypto.

XRP Price Amid a 50% Stock Price Crash

On X (formerly Twitter), Eggag taken an in-depth look at the six-month chart of the XRP price, presenting two scenarios that couldn’t be more different: a crash to $0.017 and a rally to $27.

The analyst highlighted the groundbreaking nature of XRP due to the remarkable degree of legal clarity it offers, which sets it apart from other digital assets. “The current state of XRP offers a remarkable degree of legal clarity, making it a breakthrough digital asset in terms of regulatory recognition,” Egrag said.

This legal recognition, combined with the role it plays in simplifying cross-border payment solutions, strengthens the case for XRP to potentially rise to a $27 price target, Egrag claims. But his analysis was not purely optimistic. He warned his followers of looming shadows in the broader financial spectrum.

A significant number of technical analysts have predicted a dramatic 40% to 50% downturn in global stock and equity markets. Egrag pondered the implications of such a downturn on cryptocurrencies, especially XRP. He shared the following chart and warned of a possible sharp XRP price crash:

Under such circumstances, a measured movement of 0.017c becomes a relevant consideration. I am somewhat baffled by the dichotomy presented by certain technical analysts who foresee a collapse in traditional markets while advocating that crypto stick to the four-year cycle.

XRP price, 6 month chart
XRP price, 6 month chart | Source:

He further noted that “it is imperative to maintain a consistent and non-contradictory stance when assessing these scenarios,” highlighting the inconsistency of predicting both a market collapse and a steady four-year crypto cycle .

See also  Analyst Says Bitcoin Crash May Not Be Over Yet, Why $60,365 Matters

Mixed reactions from the community

Feedback on Eggag’s analysis was multifaceted. @300Mill300, a prominent voice in the crypto space, extrapolated from Egrag’s initial analysis and offered a chart that was bullish for XRP. He predicted a rally to $1.15 in early 2024, followed by a brief pullback to $0.79, and a subsequent bullish rise to reach $1.40 by the end of 2024.

XRP Price Analysis
XRP Price Analysis | Source: X @300Mill300

However, sentiment was not unanimously optimistic. Rainmaker, a crypto enthusiast with almost a decade of experience, sounded a note of caution. He predicted a pronounced “washout” ahead of each Bitcoin halving, which would send the XRP price down, possibly to the mid-$0.20s.

In response, Egrag showed his balanced attitude. While he agreed with Rainmaker on the potential drag of macroeconomic elements on XRP, he remained bullish on XRP’s intrinsic strengths. He noted, “I think the overall macro will drag it down, but otherwise it’s as solid as a rock.”

Analyst Ata Yurt joined the discussion and had a different perspective. He expressed skepticism about XRP achieving the mentioned price points, stating: “At $0.017 there would be no sellers or buyers… At $27 there will be no buyers either, apart from a small group of FOMO orders, the majority will come in FOMO at $3 or $5. as these are the expected levels taking into account previous ATH.”

Yurt proposed a more pragmatic approach, suggesting a mix of technical analysis and market psychology. He believes the $5 mark for XRP is more achievable and urges the community to consider a linear chart for review.

Egrag, not one to shy away from discussion, responded with a thought-provoking question: “Good idea, but what if the stock and equity markets crashed by 40-50%? Then what?” Yurt responded by estimating Bitcoin’s potential fall in such a scenario, speculating that if Bitcoin were to lag and fall 60%, XRP, relative to BTC, would be around $0.22-$0 .25, a figure he considered more realistic than Eggag’s prediction of $0.017.

See also  Bitcoin was a technical setup that previously resulted in bullish reversations, according to analyst

The bullish case: XRP to $27?

Eggrag recently took to social media, to emphasize a potential roadmap for XRP’s ambitious journey to $27 through its interpretation of the “XRP ATLAS LINE”.

XRP price to $27
XRP Price Path to $27 | Source:

Egrag predicts positive short-term momentum that could push XRP towards the $1.3-$1.5 zone. However, the digital coin may not last long there as it expects a dip back to the $0.55 region, a crucial retest for a breakout. Once this phase is over, it will see a dynamic rebound that pushes XRP to its previous highs of $2.8-$3.0.

But that’s not the ceiling. Egrag foresees a more aggressive jump to the $13-$15 price range, although he also foresees a significant sell-off around this price point. Its analysis then moves back to a reconnection to previous levels around $2.8-$3.0, before finally reaching the coveted $27.

At the time of writing, XRP was trading at $0.5327.

XRP price
XRP Price at Crucial Moment, 1-Day Chart | Source: XRPUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com



Source link

Analysts Crash defy market Price Stock weigh XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

2025-05-12

ETH up to $ 10k? – Analysts say that the graph and rivals point to ‘yes’

2025-05-12

Coinbase head of the institutional strategy says that scarcity stimulates the overwhelming wave of demand from major players

2025-05-12

Litecoin price analysis and forecast in the short term

2025-05-12
Add A Comment

Comments are closed.

Top Posts

Chess Nerds: The Secret to Web3 Adoption?

2024-01-17

Coinbase’s Brian Armstrong says Congress must step in as SEC has wreaked untold damage on US investors

2023-04-28

DMAIL improves communication with Internet computer (ICP)

2024-01-08
Editors Picks

Building the interconnected internet of Blockchains

2024-05-21

Rapid Growth of AI and Big Models Shaping China’s Metaverse

2023-07-31

Trader Who Hit Bitcoin’s 2018 Bottom Predicts Ethereum, Solana Rallies, Says It’s Time for Risky Assets

2023-11-05

Bitcoin ETFs Are Bleeding – Can the Price Recover to $73,000?

2024-03-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

ETH up to $ 10k? – Analysts say that the graph and rivals point to ‘yes’

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,316.96-1.57%
  • ethereumEthereum(ETH)$2,444.81-2.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.483.59%
  • binancecoinBNB(BNB)$647.22-1.10%
  • solanaSolana(SOL)$169.39-3.11%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.221918-7.35%
  • cardanoCardano(ADA)$0.79-3.53%
  • tronTRON(TRX)$0.261394-1.07%
  • suiSui(SUI)$3.90-5.51%
  • chainlinkChainlink(LINK)$16.28-4.63%
  • avalanche-2Avalanche(AVAX)$24.06-3.96%
  • stellarStellar(XLM)$0.302886-1.91%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.51%
  • hedera-hashgraphHedera(HBAR)$0.204672-1.72%
  • the-open-networkToncoin(TON)$3.25-5.22%
  • hyperliquidHyperliquid(HYPE)$23.87-3.51%
  • unus-sed-leoUNUS SED LEO(LEO)$8.602.64%
  • bitcoin-cashBitcoin Cash(BCH)$396.21-2.85%
  • polkadotPolkadot(DOT)$4.93-4.22%
  • litecoinLitecoin(LTC)$101.570.71%
  • piPi(PI)$1.08-15.64%
  • moneroMonero(XMR)$334.53-1.01%
  • pepePepe(PEPE)$0.000013-6.22%
  • bitget-tokenBitget Token(BGB)$4.68-3.32%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.64-4.89%
  • bittensorBittensor(TAO)$448.94-4.68%
  • nearNEAR Protocol(NEAR)$3.07-3.19%
  • aptosAptos(APT)$5.61-5.75%
  • aaveAave(AAVE)$214.68-2.56%
  • okbOKB(OKB)$53.77-2.34%
  • ondo-financeOndo(ONDO)$0.99-6.12%
  • internet-computerInternet Computer(ICP)$5.55-4.37%
  • kaspaKaspa(KAS)$0.112401-11.13%
  • ethereum-classicEthereum Classic(ETC)$19.23-3.79%
  • gatechain-tokenGateToken(GT)$21.57-1.05%
  • mantleMantle(MNT)$0.78-3.12%
  • crypto-com-chainCronos(CRO)$0.098044-1.57%
  • render-tokenRender(RENDER)$4.98-5.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.246492-4.00%
  • vechainVeChain(VET)$0.029822-5.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.56-10.01%
  • ethenaEthena(ENA)$0.370661-9.71%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • cosmosCosmos(ATOM)$5.10-4.15%
  • filecoinFilecoin(FIL)$2.99-5.39%
  • algorandAlgorand(ALGO)$0.231002-4.45%
  • bitcoinBitcoin(BTC)$102,316.96-1.57%
  • ethereumEthereum(ETH)$2,444.81-2.22%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.483.59%
  • binancecoinBNB(BNB)$647.22-1.10%
  • solanaSolana(SOL)$169.39-3.11%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.221918-7.35%
  • cardanoCardano(ADA)$0.79-3.53%
  • tronTRON(TRX)$0.261394-1.07%
  • suiSui(SUI)$3.90-5.51%
  • chainlinkChainlink(LINK)$16.28-4.63%
  • avalanche-2Avalanche(AVAX)$24.06-3.96%
  • stellarStellar(XLM)$0.302886-1.91%
  • shiba-inuShiba Inu(SHIB)$0.000015-7.51%
  • hedera-hashgraphHedera(HBAR)$0.204672-1.72%
  • the-open-networkToncoin(TON)$3.25-5.22%
  • hyperliquidHyperliquid(HYPE)$23.87-3.51%
  • unus-sed-leoUNUS SED LEO(LEO)$8.602.64%
  • bitcoin-cashBitcoin Cash(BCH)$396.21-2.85%
  • polkadotPolkadot(DOT)$4.93-4.22%
  • litecoinLitecoin(LTC)$101.570.71%
  • piPi(PI)$1.08-15.64%
  • moneroMonero(XMR)$334.53-1.01%
  • pepePepe(PEPE)$0.000013-6.22%
  • bitget-tokenBitget Token(BGB)$4.68-3.32%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.07%
  • uniswapUniswap(UNI)$6.64-4.89%
  • bittensorBittensor(TAO)$448.94-4.68%
  • nearNEAR Protocol(NEAR)$3.07-3.19%
  • aptosAptos(APT)$5.61-5.75%
  • aaveAave(AAVE)$214.68-2.56%
  • okbOKB(OKB)$53.77-2.34%
  • ondo-financeOndo(ONDO)$0.99-6.12%
  • internet-computerInternet Computer(ICP)$5.55-4.37%
  • kaspaKaspa(KAS)$0.112401-11.13%
  • ethereum-classicEthereum Classic(ETC)$19.23-3.79%
  • gatechain-tokenGateToken(GT)$21.57-1.05%
  • mantleMantle(MNT)$0.78-3.12%
  • crypto-com-chainCronos(CRO)$0.098044-1.57%
  • render-tokenRender(RENDER)$4.98-5.66%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.246492-4.00%
  • vechainVeChain(VET)$0.029822-5.47%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.56-10.01%
  • ethenaEthena(ENA)$0.370661-9.71%
  • usd1World Liberty Financial USD(USD1)$1.000.17%
  • cosmosCosmos(ATOM)$5.10-4.15%
  • filecoinFilecoin(FIL)$2.99-5.39%
  • algorandAlgorand(ALGO)$0.231002-4.45%