According to analysts, XRP could head to $ 130
According to analysts, XRP could head to $ 130
- XRP Captain expects a massive rally of the old coin.
- The analyst explained in a current post on X, why.
- The XRP from Ripple is currently just below its 20-day Ma.
XRP Captain-a well-known crypto analyst and influencer-sees a massive rally of the old coin, even if it has been boring in the past few weeks.
Why is it very optimistic about Ripples XRP?
In July, a US judge decided in his complaint against Securities & Exchange Commission (more) in favor of Ripple-a great victory that was at least not significant with regard to the price increase.
Nevertheless, XRP Captain is convinced that the Altcoin could have a value of up to $ 130 by the end of 2024. The analyst recently referred to a symmetrical triangle pattern on his chart wrote on x (formerly known as Twitter):
Can you imagine the extent of this outbreak? It would not surprise me if the XRP reaches $ 100 to $ 130 in the next bull market.
XRP could soon break through his 20-day-MA
Note that XRP broke out of an identical symmetrical triangle pattern in 2017 - the year in which it finally reached an all -time high.
The Altcoin is currently being traded at around $ 0.51 just below its 20-day MA. A breakthrough over this moving average could also provide a short -term upward signal and lead to capital flowing into the cryptocurrency.
The last time that it conquered its 20- and 50-day mas was in 2017, which in turn was a very strong year for XRP as a whole. SBI Remit has also recently announced plans for expansion in Southeast Asia in cooperation with Ripple ( Find more out ).
Source: Coinlist.me