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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Dec 26, 2024 13:19 UTC
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XRP Set to Outperform ALL Crypto Tokens, Claims Top Analyst
XRP shows strong potential after a recent recovery, with analysts predicting a significant price surge, potentially reaching $3.50.
XRP faces a crucial resistance level at $2.35. A successful breakthrough could trigger a significant rally.
Despite recent price dips, XRP Whales have been accumulating tokens, indicating strong confidence.
After a turbulent period in the market, XRP is drawing attention as it nears a critical resistance level. Crypto analyst CrediBULL Crypto sees strong potential for the token, noting earlier profits from a long position. With a bullish setup forming, many speculate that XRP could soon reach $2.65.
XRP/BTC Pair: A “Powder Keg” Set for Action
CrediBULL Crypto has identified the XRP/BTC pair as one of the most promising setups in the crypto market. Recovering from recent lows of $1.96, the pair is forming a solid base that suggests a breakout may be imminent.
The XRP/BTC chart reveals a “powder keg” effect, with price consolidation within a key support zone building pressure for a potential upward surge. The formation of higher lows further emphasizes XRP’s strength and bullish momentum.
Calling it “the most bullish-looking chart in the entire crypto space,” CrediBULL Crypto’s confidence in XRP’s next phase has bolstered market sentiment.
Analyst’s Strategy: Preparing for the Next Move
CrediBULL Crypto plans to re-enter the market with a long position in the coming days, reinforcing the bullish outlook for XRP/BTC. The analyst’s one-hour chart indicates a brief dip might precede a rally of over 65%.
Technical indicators also point to an inverse head-and-shoulders pattern, a classic signal of a bullish reversal. This pattern often suggests prices are poised to climb, making XRP a key asset to watch.
Whale Activity Signals Confidence
Amid recent price fluctuations, XRP whales have shown unwavering confidence. During a price dip, they added 40 million tokens, reflecting strong belief in the token’s long-term prospects. Currently, XRP is trading at $2.178, down over 4% in the past 24 hours, while aiming to hold critical support at $2.35
XRP Price Analysis
Analysts suggest that breaking through the $2.35 resistance could trigger a rally, pushing XRP to $2.40, $2.50, and eventually $2.65. Beyond these levels, the token might target $2.72 and could even surge to $3.50, setting the stage for a significant price breakout.
As XRP consolidates, the market eagerly anticipates its next move. With bullish signals and whale activity aligning, $2.65 may just be the start of a broader rally.
Will it live up to the growing expectations? Only time will tell.
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