Crypto Analyst Predicts 28,900% Rally To $154 For XRP Price, Here’s When
May 27 2024 - 2:00PM
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Crypto analyst CryptoBull recently highlighted a bullish pattern
that could send the XRP price to three figures. However, the
analyst failed to give an exact timeline for when this massive
rally would occur. XRP Price To Hit $154 CryptoBull mentioned
in an X (formerly Twitter) post that that chart shows that XRP will
rise to $154. The analyst highlighted an ascending broadening
wedge, which he expects XRP to break out from as it makes this
parabolic move to the upside. To confirm his bullish sentiment,
CryptoBull also reposted the analysis of two other crypto analysts
who suggested that XRP could experience a price breakout
soon. Related Reading: Bitcoin Price Enters Make Or Break
Zone: Analyst Reveals Important Levels To Watch One of these
analysts is Javon Marks, who recently mentioned that something is
brewing for XRP. He shared a chart that highlighted a bullish
divergence that had formed for XRP. Marks had previously predicted
that XRP could rise to as high as $200. He claimed that XRP “may be
more than poised” to rise to this price level based on his Full
Logarithmic follow-through analysis Marks also alluded to the 2017
bull run, when XRP saw a price increase of over 108,000%, revealing
that XRP has since set up and broken out of its “largest resisting
structure ever.” Crypto analyst CasiTrades is the second analyst
whose analysis CryptoBull reposted. CasiTrades predicts that XRP
can rise to as high as $13, seeing how it has consolidated for six
years. She also raised the possibility of XRP rising to as high as
$80 when it breaks out of the consolidation triangle. Crypto
analyst JackTheRippler also predicted that XRP could rise as high
as $100 soon enough. However, unlike CryptoBull, the crypto analyst
didn’t allude to the charts but singled out the Securities and
Exchange Commission’s (SEC) case against Ripple as the factor that
will drive XRP’s price to such heights. He claimed XRP will reach
$100 when the lawsuit ends. An XRP Breakout Is Imminent
Crypto analyst Egrag Crypto suggested in a recent X post that a
breakout was imminent for XRP. He highlighted the “White Triangle”
breakout, which he said is “aligning perfectly” with previous
charts and the Fib 0.0702 to 0.786 levels. He claimed the measured
move for XRP is projected to be between $1.2 and $1.5. Related
Reading: Prepare For Impact: Market Expert Says Biggest Disaster In
Crypto Yet To Come However, what is most important for XRP is
breaking out from the $0.70 to $0.75 price range, which Egrag
labeled as critical breakout points. The crypto analyst sounded
confident that XRP will soon experience this upward trend, stating
that the token “is poised to break out.” He added that a “mega run
for XRP is on the horizon,” although the retest of the breakout
might be on the cards. At the time of writing, XRP is trading
at around $0.53, down over 1% in the last 24 hours, according to
data from CoinMarketCap. Featured image created with Dall.E,
chart from Tradingview.com
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