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Cryptocurrency News Articles
XRP (XRP) Price Prediction 2023-2025: Will XRP Hit $10 This Year?
Sep 28, 2024 at 05:51 pm
XRP price is currently trading at around $0.59. It has experienced minimal price movement in the past week, with less than a 1% gain over that period. Despite this sluggish performance, many market observers remain hopeful for an upcoming rally.
XRP price currently trades at around $0.59, showing minimal price movement in the past week, with less than a 1% gain over that period. However, many market observers remain hopeful for an upcoming rally, especially as the broader cryptocurrency market shows signs of life.
The coin’s slow recovery following Bitcoin’s surge above $65,000 indicates that it may be biding its time for a significant breakout. Let’s quickly check the real prospects of XRP.
Crypto analyst Tony Edward believes a bull run for XRP is on the horizon, despite ongoing criticisms about its stagnant price action. He recently stated on social media that the charts display positive signs, suggesting XRP is poised for an upward movement.
Supporting this view, fellow analyst CrediBULL Crypto pointed out that XRP has been consolidating for nearly seven years, which he sees as a precursor to a major breakout.
Adding to this bullish sentiment, crypto analyst Javon Marks revealed that XRP has attempted a bullish breakout over six times since late July 2024. He pointed out that the current setup reveals multiple hidden bullish divergences, potentially paving the way for a near 500% climb back to around $3.313. Marks believes a breakout from a seven-year resistance trend could spark the significant growth many investors eagerly anticipate.
CrediBULL Crypto highlighted the formation of what he describes as the “mother of all bull flags” on XRP’s chart. He argues that this pattern is unprecedented compared to other cryptocurrencies, which have not endured such long periods of consolidation. In a discussion on the Thinking Crypto YouTube channel, he confidently projected that XRP could reach a minimum price of $10, with the potential to soar as high as $30 during its anticipated bull run.
Despite some analysts’ optimism, the market seems to be skeptical. Notably, Grayscale has excluded XRP from its Q4 top 20 crypto picks, opting for other assets like SUI, TAO, and CELO. This exclusion might indicate the uncertainty surrounding XRP’s prospects.
The ongoing lawsuit between Ripple vs SEC is likely to have a الكبير impact on XRP’s price. CrediBULL Crypto pointed out that this lawsuit, which started in 2020, has prevented XRP from reaching new highs. While recent court rulings have been in favor of Ripple, the SEC has until October 7 to decide whether to appeal a ruling about programmatic sales. This decision could further affect XRP’s performance in the market.
With bull theories doing the rounds, do you think XRP will hit new ATH anytime soon?
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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