XRP Only Asset in Green Among Top 10 Crypto, Aims for $0.40

XRP has retained a 4% gain in the past 24 hours despite the prevailing market-wide bloodbath.

XRP is currently bucking the overall market, as it remains the only token securing gains among the top 10 assets by market cap. The asset’s strong position comes after the latest ruling in the legal tussle between Ripple and the U.S. SEC, which XRP holders have regarded as bullish.

CoinMarketCap data shows that XRP has retained a 3.76% gain in the past 24 hours. The rest of the top 10 assets are registering losses, with Bitcoin (BTC) seeing a 1.47% decline and Ethereum (ETH) down by 0.90%, while BNB has been trading flat in the last 24 hours.

Seasoned analyst Egrag called attention to the favorable situation, disclosing that he remains bullish on the asset.

#XRP Only Green:

Just seeing the color green makes me feel happy. No need to pump 😂.

……and u wonder why I am so #Bullish on #XRP pic.twitter.com/FqrWvWysC6

— EGRAG CRYPTO (@egragcrypto) March 8, 2023

XRP is currently trading for $0.3911 as of press time. The asset’s latest rally commenced in the early hours of today despite the prevalent bearish storm. The asset surged from a low of $0.3739 at 06:00 (UTC) to a high of $0.3989 seven hours later. The last time XRP saw this price level was on Feb. 24.

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However, the asset’s goal to recapture the $0.40 price territory met stern opposition from the bears, which has so far dropped it to the current price of $0.39. XRP’s short-term mission is to secure a comfortable position above the $0.40 price point.

At its current value, XRP has conquered the strong opposition point at $0.3944, but the asset is not out of the woods yet. It is witnessing a gradual loss in momentum as the recently-engineered rally receives no support from the broader crypto market. XRP must move above the resistance at $0.4117 to solidify its position above $0.40.

Nonetheless, if the asset’s strength wanes, the bears could batter it below several crucial points to the first significant support, currently at $0.37.

XRP to $27?

In the long term, Egrag believes XRP has the potential to skyrocket to $27 this year. Considering his “Nike Swoosh” pattern, the veteran analyst forecasts that the asset will likely attain this $27 price point in November of this year. This marks a 6,800% increase from its current value.

#XRP NIKE SWOOSH ($27):

Measuring from ‘Troposphere Line’ to the lowest point in the Nike Swoosh (March 2020) & trying to fit it when it will hit $27, it gives us : 23rd November 2023. #BTC Pumped 2114% & #ETH 5890% but #XRP Cannot Pump 7500% from current price😂 to hit ($27) pic.twitter.com/8NzaRMb646

— EGRAG CRYPTO (@egragcrypto) March 7, 2023

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