Crypto Analyst Forecasts A 4,000% XRP Price Run To $30, Here’s When
June 04 2024 - 8:00PM
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Despite the unimpressive XRP price action, this crypto analyst has
predicted that the crypto token could witness a God candle that
will send its price to unprecedented heights. The analyst also
suggested when this parabolic move will happen. XRP Price To
Rise To $30 Soon Enough Crypto analyst DustyBC shared a chart on
his X (formerly Twitter) platform in which he predicts that XRP
will experience a God candle that will send its price to 30,
representing about a 4,000% price gain for the crypto token.
Interestingly, the crypto token suggested that this move will
happen sometime this year. Related Reading: Bitcoin, Ethereum
On Exchanges Drop To New Lows, What A Supply Squeeze Would Mean For
The Market DustyBC’s prediction is based on a symmetrical triangle,
showing how XRP has been consolidating for years and is well primed
for a breakout. Given how lengthy this consolidation has been
(since 2017), the analyst believes that such a parabolic rise is
possible. Crypto analyst CasiTrades also thinks that XRP can record
such price gains. She mentioned in an X post that XRP is
about to “complete its 2245-day triangle,” which could present a
chance of a lifetime. She had previously raised the possibility of
XRP rising to as high as $80 when it breaks out of the
consolidation triangle. CasiTrades also recently mentioned that XRP
had consolidated even further over the past few days, claiming that
a breakout was imminent. The crypto analyst also alluded to
XRP’s “interesting” Relative Strength Index (RSI) as another reason
to be bullish on the crypto token. She acknowledged that XRP’s
price hasn’t changed much but noted that there are signs for an
imminent breakout. Crypto analyst Egrag Crypto also recently
revealed that XRP’s RSI has dropped to its lowest in history while
highlighting how bullish this was for the crypto token. XRP
currently has a low RSI, which suggests that the crypto token is
undervalued and could rise soon enough to attain its fair value.
Meanwhile, Egrag charted two paths that XRP could follow as it
rises to a price target of $7.5. XRP Is About To Make A Name
For Itself Crypto analyst Javon Marks recently suggested that XRP
is about to go parabolic, stating, “If XRP hasn’t already made a
name for itself, it sure looks as if it’s about to do so now.” He
made this statement while revealing a Hidden Bullish Divergence
that had formed on XRP’s chart. He claimed that XRP saw a price
gain of over 63,000% in less than one year the last time this setup
formed on the charts. The crypto analyst added that such price gain
is possible again, with XRP currently at its breaking point. Marks
had previously predicted that XRP could enjoy a 33,000% price gain,
sending it above $200. Related Reading: Can Bitcoin Rise 150%
From Here? Crypto Expert Peter Brandt Predicts The Top At the time
of writing, XRP is trading at around $0.52, up in the last 24
hours, according to data from CoinMarketCap. Featured image
created with Dall.E, chart from Tradingview.com
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