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The XRP price dropped 2% over the past 24 hours to $0.6499 as of 10:50 am EST.

Yet XRP price could rise to as high as $1.40, according to a cryptocurrency analyst and trader who goes by the X username EGRAG CRYPTO.

“This meteoric rise is just around the corner, ” said the analyst in an X post on Sep. 21. He also added that a possible sign of this strong move to the upside will be if the altcoin’s price “triumphantly closes above the Fib 0.5 level at 0.57C with undeniable confirmation.”

The recent drop recorded by the altcoin prompted EGRAG CRYPTO to publish the follow-up X post today. In this post, he shared that the Relative Strength Index (RSI) indicator has retreated slightly.

He also highlighted that the momentum oscillator has fallen back to within a bullish ascending triangle. This suggests that the XRP price may soon enter into an “upward trajectory,” with the RSI potentially reaching an “impressive 97” soon, according to the analyst.

XRP Price Enters Corrective Phase But May Breakout Soon

TradingView ChartTradingView Chart

Daily chart for XRP/USDT (Source: TradingView)

The XRP price returned to trade within the Bollinger Bands (BBANDS) indicator on the altcoin’s daily chart. Following this slight correction, the cryptocurrency’s value may be at risk of testing the 20 Simple Moving Average (SMA) line in the next 24-48 hours. This is significant given that it is also confluent with the $0.6235 support.

Should bears force their price below this key support level, the remittance token may continue to drop to the subsequent mark of $0.5730 in the next few days. To prevent this potential breakdown from happening, the altcoin will need to close a daily candle above $0.68 within the next 48 hours.

A daily close above this major resistance level will allow the altcoin’s price to continue climbing in the next couple of days. This could lead to the cryptocurrency overcoming the $0.7595 threshold as well. In an extremely bullish scenario, the altcoin could rise to as high as $0.8570.

Sellers May Continue to Force XRP Price Down

However, Traders and investors will want to note that a significant bearish technical flag was on the verge of being triggered. The cryptocurrency’s negative trend may carry on through the next couple of days as the Moving Average Convergence Divergence (MACD) line is attempting to cross below the MACD Signal line.

These two technical indicators crossing may signal that sellers will look to continue exerting pressure on the altcoin’s price in the coming couple of days.

While the remittance XRP price undergoes a brief correction, TG.Casino and its presale is where all the savvy investors are currently focussed. 

Opening Up Crypto Gambling For Everyone

TG.Casino is an innovative cryptocurrency gambling platform that aims to capitalize on the rapidly growing online casino industry and the promising cryptocurrency casino sector.

Currently valued at $250 million, the Web3 casino industry accounts for only 0.1% of the total gambling market. Being one of the first cryptocurrency gambling projects in the Web3 space, TG.Casino is perfectly positioned to grow alongside the evolving cryptocurrency gambling industry.

More Than Just A Speculative Opportunity

Apart from being a promising project, TG.Casino also offers players up to 25% cashback on losing bets. Investors can also earn daily passive rewards by staking the project’s native token, TGC. These rewards will then be immediately available for use within the TG.Casino platform or can be cashed out.

Quickly Gaining Momentum

TG.Casino is racing to its presale target of $2.5 million, with a total raised over $1.9 million. At just $0.155, TGC can be purchased using Ether (ETH) or Tether (USDT).

Anyone looking to buy into this project with 20X potential will want to act fast, as TGC’s price is set to increase within the next four days.

Related Articles:

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