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.

Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK?🤫

The key? Getting in early, especially during the ICO phase. Check out NuggetRush today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. Seize the opportunity with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.

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.

You may also be interested in:

Check NuggetRush ($NUGX)

Sponsored: Invest Responsibly, Do Your Own Research.
Being in its ICO stage, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
A unique play-to-earn gaming platform in the memecoin market
The platform combines artisanal and gold mining with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
Fosters a strong community by encouraging physical meetups among members
NFT Integration with Prominent Characters
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo