Ripple Technicals and Never-Seen-Before Fundamentals Align, Setting Stage for XRP’s Massive Pump to This Target Price

January 27, 2024

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According to crypto trader XRP Whale, technical indicators are pointing to a “MASSIVE PUMP” for XRP in the near future. In his latest price analysis, he notes that XRP has formed a bullish pattern called a Gartley on the charts. Buyers have also been defending the $0.52 to $0.48 range with a bullish engulfing candle.

XRP Whale sees this technical setup taking XRP as high as $0.75 from the current price level around $0.52. If this target is hit, it would spark another major wave of bullish momentum for the cryptocurrency.

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Expanding Network Fundamentals
In addition to bullish technical factors, the underlying XRP ledger fundamentals have also been expanding recently. According to crypto insights firm Santiment, the XRP ledger now has over 5 million distinct wallets holding XRP tokens.

Source: Santiment – Start using it today

This represents 104% growth in such wallets over the past 3 years as the XRP network sees increased adoption. The number has also not been attained before in its now 10+ years of public trading years. As the 6th largest cryptocurrency, XRP doubling its user base over a few years is a bullish sign for its future outlook.

With both technical and fundamental factors aligning, analysts like XRP Whale believe the stage is set for significant upside in XRP’s price. Traders will be closely eyeing the key $0.75 level highlighted as an initial price target.

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