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?
Pi Network made an impressive start this month, but it was short-lived. The token has…
In the world of cryptocurrency trading, fortunes can be made — and lost — in…
Memecoin Pepe (PEPE) is back in the spotlight, with almost 10% fluctuation from $0.00001440 to…
Coinbase Derivatives recently launched 24/7 trading for Bitcoin and Ethereum futures, which made it the…
XRP is under pressure today, with its price falling to around $2.16 as the broader…
After a strong rally, the crypto market is finally cooling down. In the last 24…