XRP Price About To See “Face Ripping” Rally, Legendary Trader Weights In

2023-10-31 21:00

The XRP price continues to enjoy positive performance as the crypto market trends to the upside. The current rally confluences with the sector’s historical performance; thus, cryptocurrencies could extend their bullish trend.

As of this writing, the XRP price trades at $0.58 with a 5% profit in the last 24 hours. In the previous seven days, the cryptocurrency recorded an 11% rally and stood as one of the best performers in the sector over the same period, along with Solana (SOL) and Cardano (ADA).

XRP Price Bull Run Incoming?

As XRP and other trend upwards, legendary trader Peter Brandt share his positive views on the nascent sector. Brandt has been known for expressing his views on BTC and crypto without reservations, and this time, the forecast is bullish.

On social media platform X, the legendary trader dismissed market actors trying to predict future performance. However, Brandt dared to make three predictions regarding Bitcoin: first, the cryptocurrency is likely to hit bottom, which will lead it to new all-time highs, as seen in the chart below.

This bullish price action is based on the cryptocurrency’s historical performance. Each time the BTC market drops around 78%, Bitcoin bottoms and re-enters price discovery. The XRP price, Ethereum, and other altcoins follow the trend.

In 2017, when BTC went into a bull run, the XRP price reached an all-time high above $3. If history repeats, and based on the fundamentals supporting XRP’s bullish momentum, the token could hit a similar level.

XRP In The Short Term, Levels To Watch

The optimistic forecast in the traditional financial market supports this scenario. If stocks and Bitcoin see further profits, everything will align for XRP and other altcoins to hit their previous all-time highs.

In short timeframes, a pseudonym analyst indicated that XRP formed a bull flag pattern. This bullish market structure hints at a potential run of the high area around $0.66. However, bulls must maintain the token above $0.52 and $0.54 to prevent a run of the lows.

The analyst stated the following about XRP and how close it is to completing a significant milestone for further profits:

The first break has just arrived. XRP close to the Mid resistance at $0.5557. Still, the following applies: Bull flag $0.5557 above, to be precise. Invalidation $0.54 below.

Cover image from Unsplash, chart from Tradingview

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Rally (RALLY) на Currencies.ru

$ 0.0004604 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0.0004604 - H: $0.0004604
Капитализация $0 Rank 3603
Доступно / Всего 0 RALLY

xrp rally performance price sector confluences upside

Источник: newsbtc.com

xrp rally → Результатов: 126


Фото:

XRP To Skyrockets To $1.33 Amidst April Rally: Analysts

XRP has demonstrated significant strength for a while now, securing its spot as one of the best-performing cryptocurrency assets by market cap, after surging to its highest level since November. XRP To Yield Gains From April Rally The crypto community is buzzing about XRP’s latest price spike as several analysts predict the surge will be the start of the eagerly anticipated rally.

2024-3-14 21:00


Ripple (XRP) Price Outlook: This Pattern Points to Potential Rally to $1.88

XRP has been struggling to gain upside momentum over the past couple weeks, with prices declining more than 10% from early November highs of $0.72 to current levels around $0.61. However, according to prominent Ripple analyst Dark Defender, XRP may be carving out a bullish cup and handle pattern that could precede a rally to […] The post Ripple (XRP) Price Outlook: This Pattern Points to Potential Rally to $1.88 appeared first on CaptainAltcoin.

2023-11-21 11:51


These key factors could propel XRP further after its “highly bullish” 11% rally

It appears that XRP’s strong price action over the past several days was bull’s attempt to lay the groundwork for a massive upside movement. XRP is now caught within what appears to be a firm uptrend that has allowed the cryptocurrency to significantly outperform both Bitcoin and most major altcoins, which has also led it […] The post These key factors could propel XRP further after its “highly bullish” 11% rally appeared first on CryptoSlate.

2020-2-5 10:00


Is Ripple (XRP) “Security” Question Out? XRP Cryptocurrency Coin Price is Up 44.7 Percent

Today’s Latest Ripple (XRP) News Updates and Analysis Well, the Ripple community and in particular, the XRP Army are ecstatic. Coinciding with the Stock Market slump, Trump decision to pump up the pressure on China and the rally of Bitcoin and other asset prices, Ripple (XRP) bulls are back. But, this hasn’t been the case […]

2019-5-15 09:36


Bitcoin (BTC), Ethereum (ETH) and XRP Price Analysis and Forecast

BTC/USD Sideways trend is observed in the last 24hrs. A bearish market rally was seen at the beginning of the day (A) when sellers overpowered buyers. But later on, due to the emergence of a reversal pattern, an uptrend followed where the price rose from $5668 to $5799 (A to B) then it pulled back […] The post Bitcoin (BTC), Ethereum (ETH) and XRP Price Analysis and Forecast appeared first on ZyCrypto.

2019-5-6 22:38


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

What Triggered The 6,350% Spike In XRP Long Liquidations Compared To Shorts?

The bulls have continued to take a beating in the market, and XRP bulls, in particular, were recently in the spotlight as $1. 27 million was liquidated from their long positions. This 6,350% spike in long liquidations is likely due to XRP’s recent price action, highlighting the general sentiment in its ecosystem.

XRP Price To Reach $1.68? Here’s What Will Drive It

Crypto analyst Jonathan Carter has predicted that the XRP price could rise to $1. 68. The analyst, however, noted what needs to happen before the crypto token can attain such heights.   How XRP Price Will Rise To $1.