How High Can The XRP Price Go? Crypto Analyst Unveils 6-Month Prediction
16 Maggio 2024 - 1:00AM
NEWSBTC
Crypto analysts continue to be super bullish on the future of the
XRP price despite its poor performance in the past. However, while
some analysts have predicted price targets that, to many, seem
unrealistic, others have set more conservative targets. This is the
case of crypto analyst Alan Santana, who just unveiled his 6-month
prediction for the XRP price. XRP Price Is Ready For A Bullish Wave
Alan Santana took to the TradingView website to share his latest
analysis on the XRP price. This prediction is expected to play out
over the next six months as the crypto market heads into what is
expected to be an explosive bull rally. Related Reading: This
Crypto Expert Called The Bitcoin Top in 2021, Now He’s Calling The
Bottom In 2024 The crypto analyst believes that in this cycle, the
altcoin may find its price moving well ahead of other altcoins. “it
is likely to be one of the first to move… One of the first to move
big!” the analyst said. Santana also gives reasons for this, one of
them being that the waiting period between each bullish wave for
the XRP price has elapsed. His analysis showed that the altcoin has
usually seen a 6-8-month gap between each bullish wave. However, it
had been 308 days since it saw its last bullish wave, which is well
over 10 months. This means that the altcoin is more than ready for
another bullish wave. He also added, “The fact that XRPUSDT went
through a correction and has been consolidating for this long is
considered bullish.” Furthermore, the altcoin has been on a bullish
trend, recording higher lows. This is usually bullish for any asset
as it suggests better support for the price as it moves upward.
“Higher lows means that the bulls have the upper hand when it comes
to the long-term trajectory of this chart,” Santana explained. XRP
Can Move 280% In 2024-2025 The crypto analyst expects a rather
rapid bullish wave for the XRP price and stated that he expects
this to happen sometime in 2024 and 2025. The main reason behind
this is that the accumulation phase for the altcoin is finally
coming to an end. This is a sentiment that has also been shared by
another crypto analyst known as U-Copy. According to the analyst,
the XRP price had been in accumulation for the last seven years,
but it has finally come to an end in 2024, and this end in the
accumulation phase will lead to a rally. Related Reading: Brace For
Impact: Mt. Gox Set To Inject 142,000 BTC And 143,000 Bitcoin Cash
Into The Market- Here’s When While U-Copy expects the altcoin to
hit a new all-time high price as this accumulation phase comes to
an end, which would be an at least 600% move from here, Santana has
taken a more conservative stance. The analyst does expect the XRP
price to break above $1, but puts the peak around $1.9 and $2. This
would mean a 280-300% move from here. “Once it starts going, it
will go really strong and for a very long while… People will be
wondering, ‘why didn’t I buy when prices were low?’,” the analyst
concluded. Featured image from CoinMarketCap, chart from
Tradingview.com
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