Ripple (XRP) has yet to show significant price activity despite having a pool of new developments tending to the area. With an XRP ETF under its mix, XRP has yet to show an active price momentum strong enough to tempt its users.
In the middle of this chaos, one analyst has shown great conviction and made bold predictions, adding that XRP is on the verge of breaking out, possibly exploring bullish price timelines in a maximum of 70 days.
Also Read: Bitcoin Predicted To Hit An All-Time High Of $86,600: Here’s When
Analyst Predicts New Timeline For Ripple
As per Egrag Crypto, Ripple is about to adapt to a bullish price trajectory. The analyst took to X to share a detailed post, adding that XRP is slowly building momentum and may break into a bullish pace sooner than expected timelines.
The analyst boldly shared a timeline for XRP’s bullish price pace, adding that it may take a maximum of 70 days for XRP to break out and ascend toward higher price pedestals.
Speaking about Ripple, Egrag Crypto shared how the token’s chart shows significant signs promoting the ascent of XRP. For instance, the analyst stated that XRP’s chart shows two prominent triangle patterns, causing XRP’s breakout point to become lower and more compact. The analyst mentioned the $0.61-$0.62 price marks as critical levels for XRP’s breakout, after which the token can claim new highs without additional efforts.
Egrag Crypto later claimed that the next 15 to 30 days will be crucial for XRP, as the token can show potential signs of recovery at a rapid pace.
“#XRP Genuine Wake-Up Line (Micro Moves – Lower Time Frame) UPDATE : Here’s the good news: as time ticks by within the White Triangle and Yellow Triangle (break-out target 0.61-0.62c), the breakout point is getting lower and lower . #XRP has MAX-MAX 70 days left to reach the final pinnacle of the breakout point! That said, within the next 15-30 days, I can say with a high degree of conviction that a breakout is coming . The pressure is building, and it won’t stay contained for long. ”
Also Read: Cryptocurrency: 3 Meme Coins With Huge Market Value To Invest In
The Token’s Price Forecast for October
Technical price forecast platforms like Coincodex mirror Egrag Crypto’s price analysis to a certain extent. The portal has also shared how XRP can trade at a new price mark of $0.63 by the end of October. Once it breaches this critical price mark, it can trade at higher price levels rapidly.
“According to our current Ripple price prediction, the price of XRP is predicted to rise by 18.20% and reach $0.637334 by November 14, 2024. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 65 (greed). XRP recorded 15/30 (50%) green days with 5.74% price volatility over the last 30 days. Based on the XRP forecast, it’s now a bad time to buy XRP.”
Also Read: Traders Are Dumping Dogecoin (Doge) To Find Quick Pump Alternatives
Credit: Source link
