Fun

XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline

News Feed - 2024-10-31 04:10:32

Este artículo también está disponible en español.


A crypto analyst has made a bold prediction about the XRP price, highlighting that an explosive rise above $3 is not a matter of if but when. While XRP’s slow price growth over the years has tested the patience of many investors, the analyst is confident that the cryptocurrency’s fundamentals and market dynamics are aligning for a significant upward movement.   Timeline For XRP Price Surge Above $3


Popular crypto analyst Javon Marks has expressed optimism about the future outlook of the XRP price, predicting that the prominent cryptocurrency could be on the verge of a significant rallyabove the $3 mark. In an X (formerly Twitter) poston Tuesday, Marks revealed that the recent XRP price action indicated a “massive bullish breakout” to the upside. Related Reading Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000 23 hours ago


The analyst suggested that this upward momentum could happen very soon, implying that all the conditions and signs were pointing towards a substantial price shift for XRP in the future. 


Sharing a detailed chart of XRP’s historical price movements, Marks noted that the cryptocurrency had formed a distinct triangle pattern, starting in 2014 and peaking in 2017. After breaking out of the triangle patternin 2017, XRP experienced a dramatic price surge, reaching new highs before recording a short dip and then rallying again to its current all-time high of $3.84 in 2018.  Source: X


Based on Mark’s price chart, XRP has formed another similar triangle pattern, which started around 2018 and is projected to peak in 2025. Marks pointed out that breaking out of this triangle pattern could trigger a massive increase in the XRP price, potentially pushing the cryptocurrency to new highs around $3.6 by 2025.  Price Remains Stagnant While Other Cryptocurrencies Rally


Despite the optimistic price projections for the XRP price, the cryptocurrency has been facing immense downward pressurefor the past few months. While other cryptocurrencies like Bitcoin, Ethereum, and most meme coins have been experiencing significant price gains amidst the positive shift in market conditions, XRP price has struggled to build momentum. Related Reading Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? 1 day ago


Data from CoinMarketCap has revealed that XRP is currently trading at around $0.5, recording significant declines, much to the frustration of long-time XRP holders and investors. While Bitcoin has skyrocketed to $72,000, Ethereum to $2,670, and Shiba Inu to $0.0000188, XRP has declined by 0.37% in the last 24 hours and decreased by 18.61% over the past month.


Currently, XRP is being citedas one of the worst-performing assets in the crypto space, as its price has failed to break beyond the $1 mark since February 2022. This bearish price trend and slow momentumcould be attributed to XRP’s bearish market sentiment and the ongoing legal battlesbetween Ripple Labs and the United States Securities and Exchange Commission (SEC).  Token price struggles with bears | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com

News Feed

Police Set New UK Record Seizing £180 Million Worth of Cryptocurrency
Police Set New UK Record Seizing £180 Million Worth of Cryptocurrency Britain’s Metropolitan Police have seized a staggering £180 million in cryptoc
Dogecoin Whales Desert Market: Number Of $100,000 Transactions Nosedives 70%
Este artículo también está disponible en español. The price of Dogecoin has been under significant downward pressure over the past week, and the latest on-chain data sugg
Musk on Crypto Twitter’s ‘Most Annoying Problem,’ Bored Ape NFTs, Mt Gox Bitcoins, and More — Bitcoin.com News Week in Review
Musk on Crypto Twitter"s "Most Annoying Problem," Bored Ape NFTs, Mt Gox Bitcoins, and More — Bitcoin.com News Week in Review Another week has passed in the action-packed world o
Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa
Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in AfricaYellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the
Gareth Jenkinson10 hours agoUK Law Commission recommends ‘distinct’ legal category for cryptoThe U.K.’s Law Commission highlights four major recommendations to reform laws relating to cryptocurrency use and ownersh
Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900 
Bitcoin, Ethereum Technical Analysis: ETH Moves to 2-Month High Above $1,900  Ethereum surged to a two-month high above $1,900 on Thursday, as the token continued to rally followi
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days
Stablecoin GUSD"s Supply Jumps Close to 130% Higher in 30 Days While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project
Elon Musk sues Sam Altman, OpenAI over agreement breach
Amaka Nwaokocha13 hours agoElon Musk sues Sam Altman, OpenAI over agreement breachElon Musk urges OpenAI to return to its open-source principles and requests an injunction to prevent the for-profit exploitation of AGI te
MetaWars Launchpad Revolutionizing the GameFi Industry as the ‘First’ Cross-Game Metaverse Launchpad
MetaWars Launchpad Revolutionizing the GameFi Industry as the "First" Cross-Game Metaverse Launchpad press release PRESS RELEASE.MetaWars is the first project to unite the world of
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner
Coinkite Launches ‘Higher-End’ Coldcard Bitcoin Wallet With QR Code Scanner The bitcoin hardware wallet manufacturer Coinkite has announced the launch of a new product, the Col
A Tor-Integrated Cashfusion Build for Bitcoin Cash Is Coming
A Tor-Integrated Cashfusion Build for Bitcoin Cash Is Coming On Monday, Electron Cash developer Jonald Fyookball updated the Bitcoin Cash (BCH) community in regards to the Cashfu
Rakesh Upadhyay5 hours agoBitcoin price cracks $30K, possibly clearing a path for SOL, LINK, AAVE and STXBitcoin’s strong rally to $30,000 may have kick started a sharp recovery in SOL, LINK, AAVE and STX.3435 Total vi