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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Sep 02, 2024 11:18 UTC
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XRP Price Prediction: Bull Run Expected in Just 30 Days – Buy Now!
XRP analyst BarriC predicts a significant price surge for XRP within the next 30 days.
The potential launch of an XRP ETF could drive demand and boost prices.
There is both optimism and skepticism within the XRP community regarding BarriC's forecast.
Pro-XRP commentator BarriC has sparked excitement in the XRP community with a bold claim: XRP’s long-awaited bull run will start in just 30 days. He’s confident that XRP’s current weak performance is only temporary.
Is this the ideal opportunity for investors? Read on to know more.
Act Fast: XRP’s Low-Price Window is Closing!
In a recent post on X, BarriC predicted that XRP’s price will begin to rise by October, giving investors a short time to buy in before the expected surge. Currently priced at $0.5504, XRP has been lagging behind cryptocurrencies like BNB and Ethereum in the ongoing bull market that began in late 2023.
Despite its recent underperformance, BarriC believes XRP could rise to over $3 by November or December. He’s excited about the potential for even bigger gains as 2025 approaches. According to BarriC, those who doubt this forecast don’t fully understand the market.
What Could Trigger the Crypto Bull Run?
BarriC’s optimism matches the broader market sentiment for Q4 2024, with analysts like CryptoQuant’s Ki Young Ju suggesting an exciting quarter ahead. Speculation about a possible XRP exchange-traded fund (ETF) could also drive demand and boost prices. An ETF would make XRP more accessible to institutional investors, potentially leading to significant price increases.
Caution Among Traders
Not everyone is convinced by BarriC’s prediction. Some skeptics have bookmarked his post to check back later if XRP doesn’t perform as expected. This reflects a cautious optimism among traders about XRP’s future, even with potential catalysts on the horizon.
Key Levels & Indicators for XRP Price
BarriC pointed out that the next six months could be crucial for XRP, with the potential for new highs. Currently, XRP is below both the 50-day and 200-day EMAs, showing a bearish trend. A move above the 200-day EMA could push XRP toward the 50-day EMA and challenge the $0.5739 resistance level.
If XRP drops below $0.54, it might fall to $0.50, with further declines possible if it breaks below this level. With the 14-day RSI at 41.65, XRP could approach $0.50 before becoming oversold. Key factors to watch include ongoing SEC activities and related updates.
As we approach BarriC’s predicted timeline, the big question is: Will you buy XRP now or wait another 30 days to see how the market unfolds?
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