Ripple (XRP) Forecasted To Surge 280%: Analyst Cautions Of Similar Action To That of SEC Case Pump
XRP, the native token of the Ripple blockchain, is showing signs of a potential breakout that could lead to a massive 280% price surge in the near future. Influencers and technical analysts alike are growing increasingly bullish on XRP’s prospects, citing strong chart patterns and a favorable regulatory environment.
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Analyst Predicts 3.8x Move as XRP Holds Key Support
Veteran trader JAVON MARKS believes that XRP is on the cusp of a major rally, with a potential 280% (3.8x) move from current levels to the $2.47 target. This explosive price action could happen quickly, according to Marks, as XRP continues to hold higher lows and maintain its bullish breakout target.
“A more than 280% (>3.8X) move in XRP (Ripple)’s price from here to the $2.47 target can be a MATTER OF TIME and it can happen quickly!” Marks tweeted. He added that a break above $2.47 could open the door for another 93% move, pushing XRP into the $4+ range.
Influencer Sees Similar Action to SEC Case Pump
Well-known XRP influencer Yomi is also bullish on the token’s near-term prospects, noting that the current market action reminds him of the price movements seen just before the SEC case pump, which he correctly predicted a week in advance based on money flow indicators.
“XRP holders better strap the hell in, cause I have a feeling about this one. Remember I was the only person who called the SEC case pump a week before it happened based off money flow indications I was tracking. I’m seeing very similar action now. Lets see what happens,” Yomi shared with his followers.
If Yomi’s instincts prove correct once again, XRP could be on the verge of another significant price surge as investor sentiment turns increasingly positive.
Technical Analysis Confirms Bullish Breakout and Uptrend
Further supporting the bullish case for XRP, technical analysis platform altFINS has identified a bullish breakout from a Channel Down pattern, signaling a potential trend reversal. The platform notes that XRP is approaching its near-term target of $0.68–$0.70, which could result in a 24% gain.
Moreover, XRP has broken above its 200-day moving average, confirming the uptrend across short and medium-term time frames. altFINS suggests two potential scenarios for traders to consider:
- If XRP breaks above $0.70, it could signal a continuation of the uptrend, with an additional 18% upside potential to $0.92.
- Should XRP pull back near $0.55 support, it may present another attractive swing trade entry opportunity, with a 24% upside potential back to $0.68.
Source: altFINS – Start using it today
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Show more +The platform also highlights that XRP’s momentum is currently bullish, with the MACD line above the MACD signal line and the RSI above 55. Key support zones to watch are $0.55 (previous resistance) and $0.45, while the nearest resistance zones are $0.68–$0.70 and $0.92.
As XRP continues to gain traction among traders and investors, the confluence of bullish technical indicators and positive sentiment from influential figures in the XRP community suggests that the token may be on the verge of a significant price breakout.
While the cryptocurrency market remains inherently volatile, XRP appears well-positioned to capitalize on its current momentum and potentially reward patient investors with substantial gains in the coming months.
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