{"id":634775,"date":"2024-08-11T23:58:32","date_gmt":"2024-08-11T23:58:32","guid":{"rendered":"https:\/\/ktsl888.com\/?p=634775"},"modified":"2024-08-11T14:09:47","modified_gmt":"2024-08-11T14:09:47","slug":"xrp-breakout-could-it-skyrocket-to-100-analysts-share-their-predictions","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-breakout-could-it-skyrocket-to-100-analysts-share-their-predictions\/","title":{"rendered":"XRP Breakout: Could It Skyrocket To $100? Analysts Share Their Predictions"},"content":{"rendered":"

Crypto market participants are paying attention to XRP. There has been a continuous bounce between trend lines, forming what analysts call a symmetrical triangle pattern. As a result of a pattern traced as far back as 2018, this digital asset could be set for a big move — but how?<\/p>\n

Related Reading: Solana Epic Bull Run Is Just Starting \u2013 10 Catalysts That Could Drive SOL To $1,000<\/a><\/div>\n

From eagle-eyed market sentinels who predict that XRP may soon break out to those who are walking on eggshells, the crypto community is overrun with predictions. The pattern shows a fight between the buyers and sellers, which may suggest it is poised to explode up\u2014or crash down\u2014in value once that fight concludes.<\/p>\n

XRP Technical Indicators: A Mixed Bag<\/strong><\/h2>\n

The price of XRP<\/a> has been steadily at the $0.57 mark, considered to be a key support level. Historically, this level has held pretty well and kept the coin from dipping too low.<\/p>\n

Recently, trading volume picked up, which is more often than not a sign that something big is brewing. If XRP breaks above the triangle’s upper trend line, then control might be taken over by the bulls, pushing up the price to new highs.<\/p>\n

\n

#XRP<\/a> Breakout Incomin<\/p>\n

XRP price has been consolidating within a symmetrical triangle since 2018 signaling a potential breakout With strong support around $0.38 and increasing volume 2024 could be the year for a significant upward move Keep an eye on XRP big things could be ahead pic.twitter.com\/5MsehzASG6<\/a><\/p>\n

\u2014 xaif.03 \ud83c\uddee\ud83c\uddf3 (@xaif_03) August 10, 2024<\/a><\/p><\/blockquote>\n

While some, like analyst Xaif.03, expect a rise to $100, that is a bit far-fetching at this point without more concrete evidence. But then, these people can see better than ordinary souls.<\/p>\n

\"\"<\/p>\n

Yet all isn’t rosy. The Relative Strength Index comes in at 54, right smack in the middle of the scale. This reading does indicate that neither an oversold nor overbought market condition exists, therefore keeping the door open to either a rally or more consolidation.<\/p>\n

The Bullish Case For XRP<\/strong><\/h2>\n

Notwithstanding some level of uncertainty involved, some analysts still stand on the bullish side. Noted crypto space figure Alan Santana believes that XRP is currently undergoing an accumulation phase. The token, according to him, follows a bear market with such a phase before drastically spiking in price exponentially.<\/p>\n

\n

\u2734\ufe0f XRP Pre-2025 Bull-Market Accumulation Zone & Strategy<\/p>\n

My dear friends…<\/p>\n

Accumulation for XRP, when considering the bigger picture, has been on-going since June 2022. The 2023 bullish wave was just a minor wave compared to bull-market proportions. “Wave 1” of a much bigger\u2026 pic.twitter.com\/15LWLOxPcp<\/a><\/p>\n

\u2014 Alan Santana (@lamatrades1111) August 10, 2024<\/a><\/p><\/blockquote>\n

Based on his prognosis, if the XRP 2022 bear market is followed by its recovery year in 2023, it paves the way for accumulation in 2024. This happened once; thus, we might then expect a strong bull run for XRP in 2024, or the year after that. Of course, crypto markets are unpredictable, and past performance does not always warranty results in the future.<\/p>\n

XRP is currently trading at $0.57. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Skeptics And The Path Forward<\/strong><\/h3>\n

Not everyone, however, is convinced that XRP is in the midst of a breakout. Some analysts have cautioned that while the symmetrical triangle pattern is powerful, it doesn’t always work. The market could easily move sideways for months, which could frustrate traders.<\/p>\n

\n

XRP Technical Analysis on a 3-Day Timeframe<\/p>\n

In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63.<\/p>\n

Currently, XRP is trending\u2026 https:\/\/t.co\/7qvnJhiZuE<\/a> pic.twitter.com\/AH5AddwVTu<\/a><\/p>\n

\u2014 Cryptorphic (@Cryptorphic1) August 9, 2024<\/a><\/p><\/blockquote>\n

\"\"<\/p>\n

Related Reading: Bitcoin To Rally To $250,000 If This Condition Is Met, Analyst Says<\/a><\/div>\n

Another analyst, Cryptorphic has also reiterated some of the resistance levels that the altcoin need to break out so as not fall further down in value. He noted the support around $0.41-$0.42 has had a pretty solid hold, however without significant news stacking in favor of XRP working higher will be difficult to come by at this time.<\/p>\n

Featured image from Fortune, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto market participants are paying attention to XRP. There has been a continuous bounce between trend lines, forming what analysts call a symmetrical triangle pattern. As a result of a pattern traced as far back as 2018, this digital asset could be set for a big move — but how? Related Reading: Solana Epic Bull Run Is Just Starting \u2013 10 Catalysts That Could Drive SOL To $1,000 From eagle-eyed market sentinels who predict that XRP may soon break out to those who are walking on eggshells, the crypto community is overrun with predictions. The pattern shows a fight between the buyers and sellers, which may suggest it is poised to explode up\u2014or crash down\u2014in value once that fight concludes. XRP Technical Indicators: A Mixed Bag The price of XRP has been steadily at the $0.57 mark, considered to be a key support level. Historically, this level has held pretty well and kept the coin from dipping too low. Recently, trading volume picked up, which is more often than not a sign that something big is brewing. If XRP breaks above the triangle’s upper trend line, then control might be taken over by the bulls, pushing up the price to new highs. #XRP Breakout Incomin XRP price has been consolidating within a symmetrical triangle since 2018 signaling a potential breakout With strong support around $0.38 and increasing volume 2024 could be the year for a significant upward move Keep an eye on XRP big things could be ahead pic.twitter.com\/5MsehzASG6 \u2014 xaif.03 \ud83c\uddee\ud83c\uddf3 (@xaif_03) August 10, 2024 While some, like analyst Xaif.03, expect a rise to $100, that is a bit far-fetching at this point without more concrete evidence. But then, these people can see better than ordinary souls. Yet all isn’t rosy. The Relative Strength Index comes in at 54, right smack in the middle of the scale. This reading does indicate that neither an oversold nor overbought market condition exists, therefore keeping the door open to either a rally or more consolidation. The Bullish Case For XRP Notwithstanding some level of uncertainty involved, some analysts still stand on the bullish side. Noted crypto space figure Alan Santana believes that XRP is currently undergoing an accumulation phase. The token, according to him, follows a bear market with such a phase before drastically spiking in price exponentially. \u2734\ufe0f XRP Pre-2025 Bull-Market Accumulation Zone & Strategy My dear friends… Accumulation for XRP, when considering the bigger picture, has been on-going since June 2022. The 2023 bullish wave was just a minor wave compared to bull-market proportions. “Wave 1” of a much bigger\u2026 pic.twitter.com\/15LWLOxPcp \u2014 Alan Santana (@lamatrades1111) August 10, 2024 Based on his prognosis, if the XRP 2022 bear market is followed by its recovery year in 2023, it paves the way for accumulation in 2024. This happened once; thus, we might then expect a strong bull run for XRP in 2024, or the year after that. Of course, crypto markets are unpredictable, and past performance does not always warranty results in the future. Skeptics And The Path Forward Not everyone, however, is convinced that XRP is in the midst of a breakout. Some analysts have cautioned that while the symmetrical triangle pattern is powerful, it doesn’t always work. The market could easily move sideways for months, which could frustrate traders. XRP Technical Analysis on a 3-Day Timeframe In our previous analysis of XRP, we observed that the 50EMA and the 0.618 FIB levels were acting as resistance. The price eventually broke above these levels and reclaimed the resistance trendline at $0.63. Currently, XRP is trending\u2026 https:\/\/t.co\/7qvnJhiZuE pic.twitter.com\/AH5AddwVTu \u2014 Cryptorphic (@Cryptorphic1) August 9, 2024 Related Reading: Bitcoin To Rally To $250,000 If This Condition Is Met, Analyst Says Another analyst, Cryptorphic has also reiterated some of the resistance levels that the altcoin need to break out so as not fall further down in value. He noted the support around $0.41-$0.42 has had a pretty solid hold, however without significant news stacking in favor of XRP working higher will be difficult to come by at this time. Featured image from Fortune, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":634783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,1742,10709,4531],"class_list":["post-634775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-digital-currency","tag-price-prediction","tag-xrp"],"acf":[],"yoast_head":"\nXRP: Could It Skyrocket To $100? Analysts Share Their Predictions<\/title>\n<meta name=\"description\" content=\"Crypto market participants are paying attention to XRP. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Breakout: Could It Skyrocket To $100? 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