XRP’s “100+% Move” Ahead? Why Analysts Are Betting Big on Ripple’s Token Comeback

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.

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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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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Samuel Munene
Samuel Munene

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