CrediBULL Crypto, a well-known technical analyst, remains optimistic about the future of XRP despite its lagging performance compared to other leading cryptocurrencies.
In a post on X (formerly Twitter), CrediBULL confidently stated that XRP is poised to enter a bullish phase that could potentially surpass other cryptocurrencies. He highlighted the presence of bullish divergences on the three-day chart for both XRP/BTC and XRP/ETH trading pairs, indicating a possible surge in XRP’s price.
I am still holding my position on XRP from earlier and have even added to it for the third time, increasing my average. Both XRP/BTC and XRP/ETH have recently confirmed bullish divergences on the [three-day chart]. The period of outperformance that I discussed in my previous update video on XRP might be just around the corner.
The analyst’s optimism extends to his price targets, as he predicts a potential surge of approximately 250% for the XRP/BTC pair, with a projected move towards 0.0000356 BTC ($2.55).
Page Contents
- 1 Can XRP Reach an All-Time High (ATH) Following the Bitcoin Halving?
- 2 Ripple Price Prediction
- 3 Frequently Asked Questions (FAQ)
- 3.1 Can XRP reach new all-time highs after the Bitcoin halving? (Ripple Price Prediction)
- 3.2 What is the significance of XRP breaking a resistance level?
- 3.3 How do technical analysts view XRP’s price potential?
- 3.4 How does Ripple’s legal case against the SEC impact XRP’s price?
- 3.5 What is the current price of XRP?
Can XRP Reach an All-Time High (ATH) Following the Bitcoin Halving?
With the upcoming Bitcoin halving event, many crypto enthusiasts are wondering if XRP has the potential to achieve an all-time high (ATH).
Adding credibility to this bullish sentiment, an anonymous analyst known as Dark Defender suggests that XRP has recently surpassed a significant resistance level and could potentially reach new all-time highs above $1.
As we anticipated, XRP experienced a breakout yesterday. On the monthly time frame, it is evident that the upward movement has commenced. The substantial resistance at $0.6649 has been breached on the daily chart. Confirmation of this level will occur on the weekly and monthly time frames. Our targets now lie closer to $1.33 as a mid-resistance level, and $1.88 and $5.85 as Fibonacci targets in the coming weeks.
Dark Defender also mentioned that “April will be hot,” likely referring to the highly anticipated Bitcoin halving event. Interestingly, other technical analysts believe that XRP could surge above $1 either before or after the halving, which is considered one of the most significant events for the crypto industry and the Bitcoin community.
Ripple Price Prediction
While XRP has been trailing behind other leading altcoins during this bullish wave, its price is heavily influenced by Ripple’s ongoing legal battle with the SEC. The trial between the two parties is scheduled for April 23, and although Ripple has secured three consecutive victories in court, the outcome of this lengthy case is eagerly awaited by the XRP army and the crypto community. It has the potential to reshape the industry in terms of crypto regulations.
Currently, XRP is trading at $0.68, experiencing a 5% decrease from its previous high of $0.72.
The post Ripple Price Prediction explores the possibility of XRP surpassing Bitcoin in terms of performance.
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Frequently Asked Questions (FAQ)
Can XRP reach new all-time highs after the Bitcoin halving? (Ripple Price Prediction)
With the upcoming Bitcoin halving event, there is speculation about XRP’s potential to achieve new all-time highs.
What is the significance of XRP breaking a resistance level?
Breaking a significant resistance level indicates a potential upward movement for XRP, which could lead to the token reaching new ATHs above $1.
How do technical analysts view XRP’s price potential?
Some technical analysts believe that XRP has the potential to surge above $1, either before or after the Bitcoin halving event.
How does Ripple’s legal case against the SEC impact XRP’s price?
Ripple’s ongoing legal battle with the SEC has influenced XRP’s price, as the outcome of the case could have significant implications for the crypto industry and regulations.
What is the current price of XRP?
At present, XRP is trading at $0.68, experiencing a 5% decrease from its previous high of $0.72.
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