2024-5-28 21:00 |
Crypto analyst CryptoBull recently highlighted a bullish pattern that could send the XRP price to three figures. However, the analyst failed to give an exact timeline for when this massive rally would occur.
XRP Price To Hit $154CryptoBull mentioned in an X (formerly Twitter) post that that chart shows that XRP will rise to $154. The analyst highlighted an ascending broadening wedge, which he expects XRP to break out from as it makes this parabolic move to the upside. To confirm his bullish sentiment, CryptoBull also reposted the analysis of two other crypto analysts who suggested that XRP could experience a price breakout soon.
One of these analysts is Javon Marks, who recently mentioned that something is brewing for XRP. He shared a chart that highlighted a bullish divergence that had formed for XRP. Marks had previously predicted that XRP could rise to as high as $200. He claimed that XRP “may be more than poised” to rise to this price level based on his Full Logarithmic follow-through analysis
Marks also alluded to the 2017 bull run, when XRP saw a price increase of over 108,000%, revealing that XRP has since set up and broken out of its “largest resisting structure ever.” Crypto analyst CasiTrades is the second analyst whose analysis CryptoBull reposted. CasiTrades predicts that XRP can rise to as high as $13, seeing how it has consolidated for six years. She also raised the possibility of XRP rising to as high as $80 when it breaks out of the consolidation triangle.
Crypto analyst JackTheRippler also predicted that XRP could rise as high as $100 soon enough. However, unlike CryptoBull, the crypto analyst didn’t allude to the charts but singled out the Securities and Exchange Commission’s (SEC) case against Ripple as the factor that will drive XRP’s price to such heights. He claimed XRP will reach $100 when the lawsuit ends.
An XRP Breakout Is ImminentCrypto analyst Egrag Crypto suggested in a recent X post that a breakout was imminent for XRP. He highlighted the “White Triangle” breakout, which he said is “aligning perfectly” with previous charts and the Fib 0.0702 to 0.786 levels. He claimed the measured move for XRP is projected to be between $1.2 and $1.5.
However, what is most important for XRP is breaking out from the $0.70 to $0.75 price range, which Egrag labeled as critical breakout points. The crypto analyst sounded confident that XRP will soon experience this upward trend, stating that the token “is poised to break out.” He added that a “mega run for XRP is on the horizon,” although the retest of the breakout might be on the cards.
At the time of writing, XRP is trading at around $0.53, down over 1% in the last 24 hours, according to data from CoinMarketCap.
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