The post Ripple Price Prediction : Here’s When XRP Price Can Surge 200% appeared first on Coinpedia Fintech News
XRP has been painting the town red with its recent rally, clocking a remarkable 20% surge over the past week and boasting a trading volume of $2.38 billion. What sets this coin apart is its growth rate, surpassing even the likes of top altcoins such as Chainlink and Solana. Ripple Labs has given it an extra boost, sealing the deal with a liquidity partnership with Uphold.
So, what’s the buzz all about? XRP recently broke through the $0.5 mark, sparking anticipation of a potential 210.64% surge. Key support levels at $0.52 and $0.46 are guiding the way. XRP managed a significant rally, surging above $0.56, marking a fresh two-month high. In the space of just one week after the SEC dropped all changes against Ripple CEO, XRP’s performance soared well over 16%, cementing its position as a top contender.
Analyst Reveals Crucial Target for XRP
Renowned XRP analyst Dark Defender has suggested the possibility of a parabolic rise in XRP’s price. He points to two crucial support and resistance levels, identifying $0.66 as a potential upcoming resistance. If XRP manages to break through, it could be on track to surpass the coveted $1 mark. Dark Defender also projects a potential 210.64% increase if XRP clears the $1.88 resistance, potentially leading to a price near $6.
Hi all. #XRP's current price ranges between $0.66 & $0.52. It won't be a surprise to see $0.66 shortly.Supports: $0.52, $0.46Resstncs: $0.66, $1.88, $5.85But the real surprise will be when things goParabolic.#FreeDAI @X @digitalassetbuy pic.twitter.com/9qAXFkmdhd
— Dark Defender (@DefendDark) October 25, 2023
This analysis is not based on mere speculation but on a detailed examination of XRP’s weekly market trajectory since 2021. The patterns observed before the July high are reemerging, hinting at a potentially bullish trajectory between 2024 and 2025.
Dark Defender is not alone in this optimistic outlook, as many experts are becoming increasingly confident about XRP’s potential to surpass $1 in the upcoming bull market. The cryptocurrency market is buzzing with XRP’s recent performance and promising projections.
With a 5-year Gap; Will History Repeat Itself for XRP?
CryptoInsight, a prominent crypto figure, recently posted on X about XRP’s potential price trajectory, drawing parallels with the 2017 Bitcoin fractal. He quickly highlights that more cryptos began their bull markets by surpassing their previous all-time highs, and XRP experienced a significant crash due to the SEC lawsuit on Ripple being dropped.
Now, the question looming over the crypto community is whether XRP will mimic the 2017 BTC fractal, possibly leading to a substantial price surge in the coming weeks? CryptoInsight left the outcome open-ended, speculating on the possibility of XRP outperforming after a 5-year consolidation period. The crypto world remains inherently uncertain; only time will reveal the answer.
