XRP, the digital asset issued by Ripple, has caught the attention of industry experts. According to top analysts, XRP could be on the verge of a substantial price surge.
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CrediBULL Crypto’s Bullish Stance
CrediBULL Crypto, a top cryptocurrency analyst, has been steadily accumulating XRP positions. In a tweet, they revealed having topped up their XRP holdings for the fourth time. Significantly, the analyst noted that the USD and BTC pairings are in sync, indicating a potential rally against both fiat and Bitcoin.
Moreover, CrediBULL Crypto highlighted the formation of a lower timeframe accumulation base within the larger demand zone. The analyst pointed out a confirmed double daily bull divergence, adding further credence to their bullish outlook.
“At the bare minimum, we’re looking for a 15-20% move to the upside against BTC,” CrediBULL Crypto stated. “Next major resistance is 35% higher, and above that, we’re looking at a 100+% move up on XRP against BTC.”
Captain Faibik’s Symmetrical Triangle Breakout
Echoing the bullish sentiment, Captain Faibik, another top analyst, highlighted XRP’s potential for a massive symmetrical triangle breakout on the weekly timeframe chart. Consequently, Captain Faibik set a midterm target of $2.50 for XRP.
According to the latest price data from CoinGecko, XRP is currently trading at $0.6078, with a 24-hour trading volume of $1,774,790,710.24. However, the asset has experienced a 2.32% price decline over the past 24 hours.
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Show more +Despite the price dip, analysts remain optimistic about XRP’s prospects, citing technical indicators and historical price patterns as potential catalysts for a substantial rally.
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