Price Analysis

XRP Price going Parabolic Again, Poised to hit $5!

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Highlights

    XRP price heading strongly to complete the other end of the U-shaped price movement, after a much consolidation since 2018

    The bounce back above $1 within hours of dump manifest a strong inclination to hit the target above the current ATH soon

The XRP price showcased a magnificent price rally since the Ripple-SEC lawsuit flipped in favour of the company. The ongoing stand-off assisted the price rally towards the North and attained the highest ever levels since 2018.

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However, the rally sustained a slight pullback and bounced above $1, on the verge to break a unique, cup & handle pattern shortly. The price is heading towards the neckline around $1.07 and clearing these pivot zones may rally the price above the current ATH.

xrp cup n handle

Also Read: XRP Price Massive Rebound Expected! May Hit $3 Soon!

Therefore, looking at the strong bullish momentum, many analysts predict the price may go as high as $5 shortly. However, other analysts like D.I.Y investing expect a 3-wave of rally that could pump the price close to $100.

 The positive market sentiments intensified with the price flipping the $0.91 and $0.93 support level successfully. Also the Ripple-SEC lawsuit, fueled the price rally and hence a massive surge may be incoming.

Collectively XRP price is all set to forecast higher new levels as many believe, the lawsuit may be settled very soon in the favour of Ripple. Moreover, the SEC’s stand getting weakened day-by-day points good days awaited for not XRP but the entire crypto space.

Also Read: Top 3 Reasons, Why XRP Price is Pumping very hard

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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