XRP Price Prediction Is a Major Rally Imminent in the Next 30 Days
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.
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.
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.
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?
Despite Bitcoin’s rollercoaster ride and the economic chaos stirred by Donald Trump’s tariff policies, one…
Story Highlights The live price of GMT is . GMT price could soar as high…
Aptos is making headlines with a bold proposal that could dramatically change its staking rewards.…
Gold reached a new all-time high of $3,357 yesterday, sparking fresh discussions about how this…
Binance has announced that all users in India, both new and existing, are required to…
Story Highlights The live price of SHIB memecoin is SHIB token price could reach a…