• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

DCA Live | WEN TOP: EXIT PLAN 🎯

2025-08-18

Buy Bitcoin with Altcoin Gains? | When is Banana Zone Coming?

2025-08-16

Great News For Bitcoin Mining (Proto Rig)

2025-08-16

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • 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 Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    2025-08-11

    What Is Crypto Arbitrage and How to Use It in Trading?

    2025-08-06

    What’s the Difference & Which Is Better to Trade?

    2025-08-01

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    2025-07-31

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    2025-07-25
  • Videos

    DCA Live | WEN TOP: EXIT PLAN 🎯

    2025-08-18

    Buy Bitcoin with Altcoin Gains? | When is Banana Zone Coming?

    2025-08-16

    Great News For Bitcoin Mining (Proto Rig)

    2025-08-16

    BTC Bombshell 🚨 Targets, Turnarounds & Terminal Debasement

    2025-08-15

    HUGE Bitcoin & Crypto Breakout Coming in September — Here’s Why

    2025-08-15
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Analysis»XRP Price Now Enters The DCA Buy Zone: Crypto Analyst
Analysis

XRP Price Now Enters The DCA Buy Zone: Crypto Analyst

2023-11-17No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The XRP price has entered what is regarded as the Dollar Cost Averaging (DCA) ranging zone, according to crypto analyst Egrag. While the digital asset’s price oscillates within a critical zone, the analyst maintains a bullish stance on its future trajectory.

XRP Price Enters DCA Zone

Egrag stated via a post on X, “XRP Color Code (Update): My Stance Forged in the Fires of Conviction: Let me say it 1 million times that I’m still bullish AF, so ease up on the DMs assuming I’ve switched my stance. Remember, markets move in waves, and I’m here to present the short-term moves because, let’s face it, 80% want to reach Valhalla without dying.”

The analyst’s latest technical analysis reveals that the previous support level at $0.66 proved to be weaker than anticipated, leading to a shift in the XRP price’s movement into a ranging zone. “$0.66 wasn’t a solid support, as I’ve mentioned before. XRP is in the ‘ranging’ zone, so the DCA opportunity is open,” Egrag stated.

The analyst’s chart exhibits a descending triangle pattern breaking downwards, indicating potential bearishness in the short term. However, Egrag highlights the importance of the $0.50 mark as a “robust support.” He asserts that the price “won’t dip below $0.50—it’s a pivotal price point.”

XRP/USD, 1-hour chart
XRP/USD, 1-hour chart | Source: X @egragcrypto

The above 1-hour chart shows that the price has now been rejected several times at the falling (red) trend line. If this momentum is maintained, XRP could drop further and could find first support near $0.57. If this support also breaks, the $0.51 mark could be the most crucial turning point.

See also  Sinverse (SIN) Price Prediction 2023 2024 2025

For Egrag, the zone between $0.5738 and $0.5119 is the “wicking” zone, meaning that the price could swiftly dip into this zone. However, if the price drops below $0.5119, it would enter the “red flag” zone of Egrag’s chart, potentially invalidating the entire prediction.

XRP/USD, 3-day chart
XRP/USD, 3-day chart | Source: X @egragcrypto

The Fibonacci retracement levels on Egrag’s 3-day chart suggest significant resistance and support zones. The 0.236 level at approximately $0.7409 and the 0.382 level at about $0.6432 may act as resistance in a bullish scenario, while the 0.5 level at $0.5738 and the 0.618 level at $0.5119 could provide support if bearish momentum continues.

Notably, Egrag’s commentary doesn’t shy away from conviction, “XRP is transforming the way value moves in this digital age. So, it’s crucial to understand what you hodl. Otherwise, I might have to break out the block button for those not willing to learn on how markets move and what XRP or XRPL is achieving. I’m staying true to my beliefs, and if that’s not your vibe, it’s cool to step away from following me.”

Criticism For ‘Stubborn View’

Despite facing criticism from a user comparing the XRP price performance to that of other cryptocurrencies like Solana (SOL) and Chainlink (LINK), Egrag defended the long-term vision for XRP, highlighting its value proposition. He responded, “Appreciate your input, but I’m not pursuing 300% or 500% gains in projects I lack conviction in. My focus is on generational wealth. Imagine understanding gold will reach $2000, and having the chance to acquire it at $0.5.”

The critic replied, “XRP holders are not diamond hands.. Just very stubborn people hoping to be able to sell it at the price they bought. Be happy if it reaches 1$ again.” Undeterred, Egrag concluded, “Indeed, TESLA investors weren’t stubborn; they envisioned the future. The same principle applies to FANGMAN companies. Bookmark this: XRP, the first digital asset with regulatory clarity, and anticipate Ripple, as a company, surpassing the collective value of the FANGMAN entities.”

See also  Bitwise CEO Calls for Multi-Year Bull Market ‘Starting Now’ As Institutional Investors Eye Up Bitcoin (BTC)

At press time, XRP traded at $0.6118.

XRP price
XRP price drops below $0.62, 1-day chart | Source: XRPUSD on TradingView.com

Featured image from iStock, chart from TradingView.com

Analyst Buy Crypto DCA enters Price XRP Zone
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DCA Live | WEN TOP: EXIT PLAN 🎯

2025-08-18

Buy Bitcoin with Altcoin Gains? | When is Banana Zone Coming?

2025-08-16

HUGE Bitcoin & Crypto Breakout Coming in September — Here’s Why

2025-08-15

Why You Need to Buy Bitcoin NOW!!

2025-08-15
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Brazil investigating Binance over illegal derivatives offerings

2023-04-21

Officials in Brazil are investigating crypto exchange Binance and its employees over a supposed financial…

Bitcoin

Bitcoin [BTC] weekly inflows grow despite Shapella completion as ETH…

2023-04-18

For the umpteenth time, investors overlooked ETH over BTC. Bitcoin inflows went up to $104…

Videos

Bitcoins EXPLOSIVE Move Is Almost Here! (WATCH BEFORE TUESDAY)

2023-10-29

In this weekly recap video, George talks about the bullish things for bitcoin and what…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

DCA Live | WEN TOP: EXIT PLAN 🎯

2025-08-18

Buy Bitcoin with Altcoin Gains? | When is Banana Zone Coming?

2025-08-16

Great News For Bitcoin Mining (Proto Rig)

2025-08-16

BTC Bombshell 🚨 Targets, Turnarounds & Terminal Debasement

2025-08-15
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

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

bitcoin
Bitcoin (BTC) $ 115,052.83
ethereum
Ethereum (ETH) $ 4,213.62
xrp
XRP (XRP) $ 2.99
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 842.92
solana
Solana (SOL) $ 178.35
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,203.91
cardano
Cardano (ADA) $ 0.899721
tron
TRON (TRX) $ 0.3464
bitcoin
Bitcoin (BTC) $ 115,052.83
ethereum
Ethereum (ETH) $ 4,213.62
xrp
XRP (XRP) $ 2.99
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 842.92
solana
Solana (SOL) $ 178.35
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 4,203.91
cardano
Cardano (ADA) $ 0.899721
tron
TRON (TRX) $ 0.3464