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.
What you'll learn 👉
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.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
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:
- Experts Interpret Solana’s (SOL) Market Trajectory: Indicator of Major Upcoming Shifts in Crypto? Here’s their Outlook
- Top Bitcoin Analyst Maps Out BTC’s Potential Correction with This Strategy
- EOS (EOS) Recovers Stolen Tokens; Filecoin (FIL) Liquid Staking Soars; Algotech (ALGT) Presale Blasts 275%
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
