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XRP To Blast Off? Analyst Predicts ‘Realistic’ 5x Surge To $3

XRP, the native token of Ripple, has caught the attention of market analyst Mikybull who is calling for a potential 5x surge in the mid-term. This bullish prediction comes amidst recent struggles for XRP, which is currently grappling to maintain support above the $0.60 level.

Mikybull bases his optimism on two key technical indicators: the two-year moving average (MA) and a symmetrical triangle formation on the two-month chart. XRP recently crossed above the two-year MA, a historical signifier of significant price increases according to the analyst. This pattern held true in late 2017 when XRP skyrocketed to its all-time high of $3.31 after a similar crossover.

XRP Technical Chart Hints At Breakout

The symmetrical triangle on the two-month chart further bolsters Mikybull’s prediction. This pattern often precedes a breakout, and in XRP’s case, a breakout above the triangle’s upper trendline could propel the price towards $3.10, aligning with Mikybull’s 5x surge target. The 2017 price surge also coincided with a breakout from a similar triangle formation, lending historical credence to the analyst’s view.

A Cautious Approach Still Warranted

However, cryptocurrency enthusiasts should approach this prediction with a dose of healthy skepticism. While technical analysis can be a valuable tool, past performance doesn’t guarantee future results. The broader market environment can significantly impact individual cryptocurrency prices. Furthermore, XRP is currently facing resistance at the $0.60 level, highlighting a potential hurdle before any significant upward climb.

Regulatory Landscape And Adoption Remain Key

Beyond technical indicators, the future of XRP hinges on two crucial factors: the ongoing legal battle with the SEC and its adoption within the financial sector. The SEC lawsuit, which accuses Ripple of selling unregistered securities, has cast a shadow over XRP, creating uncertainty for investors. A positive resolution in Ripple’s favor could significantly boost investor confidence and potentially trigger a price increase.

On the adoption front, Ripple’s core utility lies in facilitating faster and cheaper cross-border payments for financial institutions. Increased adoption of Ripple’s technology by banks and other financial players would translate to a higher demand for XRP, potentially driving its price upwards.

A Calculated Optimism For XRP

The coming months will be crucial for XRP as the legal battle with the SEC unfolds and its adoption within the financial sector becomes clearer. With a mix of technical optimism and lingering uncertainties, XRP’s journey towards the $3 target promises to be an exciting, yet potentially volatile, ride.

Featured image from Pixabay, chart from TradingView

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Ripple’s 500 Million XRP Escrow Unlock Threatens Price As Bulls Struggle To Hold $0.61

XRP has struggled to a higher degree compared to the others in the top 10 cryptocurrencies by market cap and it seems like the bearish sentiment is far from over. Ripple just unlocked a massive amount of tokens from escrow, which could threaten the price further.

Ripple Unlocks 500 Million XRP

In the early hours of Friday, on-chain whale tracking platform Whale Alert posted two transactions carrying a notable number of XRP tokens. The first transaction saw 200 million tokens unlocked from the escrow wallet, worth $122.63 million at the time of the transfer.

The second transaction came minutes later when a total of 300 million XRP tokens were also unclosed from escrow. This second tranche of tokens, being larger than the first, was worth $183.89 million at the time, bringing the total number of unlocked tokens to 500 million. Together, both transactions were worth over $300 million.

These unlocks have, unsurprisingly, stirred concern in the Ripple community for a number of reasons. One of the reasons is that Ripple never does unlocks in the middle of the month. Rather, they do scheduled unlocks at the start of each month. So, these transactions have drawn the attention of the crypto community.

Another cause for concern is the fact that Ripple could be selling these XRP tokens. Hence, putting more tokens in circulation and adding more selling pressure to the already struggling digital asset. However, Ripple has not shown any indication of what these unlocks could be for as there have been no transfer transactions since then, just the unlock transactions.

Unlocks Can Send Price Crashing?

XRP unlocks are not new to the Ripple community, as scheduled unlocks take place every month. These unlocks see 1 billion XRP tokens unlocked from the escrow according to schedule. But most times, the majority of the unlocked tokens are sent back to escrow.

Usually, these unlocks do not negatively affect the altcoin’s price, but that’s when the unlocks are expected. This time around, the unlocks are unplanned, leading to speculation as to why Ripple would be unlocking XRP tokens outside of the unlock schedule.

So far, the XRP price seems to not be reacting to the unlock at all. It continues to trend around $0.61, with small losses of 0.91% in the last day. However, the altcoin is still seeing 4.74% gains in the last week, showing the positive upside that it saw earlier in the week.

XRP price chart from Tradingview.com

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The Era Of Flippenings: Can Dogecoin Take XRP’s Spot?

In the last few weeks, there has been uncertainty in the crypto market, but that has not stopped the likes of Dogecoin and XRP from making moves. One of the most notable developments, however, was the entry of Toncoin (TON) into the top 10 cryptocurrencies by market cap, and then dethroning Cardano (ADA). Following this, Dogecoin looks ready to carry out a flippening of its own, eyeing XRP’s spot on the list.

Dogecoin Gearing Up To Take Over XRP

Dogecoin has performed rather well at a time when the crypto market has remained indecisive. Even though there has been times when the price has dipped, it has managed to reclaim $0.2, although the majority of bearish resistance is being mounted at this junction.

Nevertheless, Dogecoin’s ability to hold most of its gains from March has seen its market cap increase rapidly. From less than $15 billion at the start of the year 2024, the meme coin’s market cap has now climbed above $28.6 billion, putting it dangerously close to the market cap of XRP.

At the time of writing, XRP’s market cap is sitting at $33.9 billion, spurred by the decline in its price over the last week. This means that the market cap of XRP is now only 15.6% higher than that of Dogecoin, a perilously small gap given how quickly prices of cryptocurrencies can rise.

In this case, if Dogecoin continues to perform well and XRP fails to keep up, it could easily lose the sixth spot on the list to DOGE. A 20% rise in the DOGE price to $0.24 would put its market cap above $34 billion, putting it ahead of XRP. And if XRP’s continues to fall, then the gap could tighten over the next week.

DOGE Price Projected To Explode

Dogecoin currently boasts one of the strongest crypto communities, and some would argue even stronger than the XRP army, as DOGE’s support base has strengthened due to its outperformance in the past. This support base and rapid adoption are two of the foremost factors that promise an interesting future for the meme coin.

There have been many predictions for where the future price of DOGE might be, with some going as high as $100. However, according to crypto Analyst Ali Martinez, Dogecoin could do quite well in this bull market. The analysis posted by Martinez reveals multiple price targets, with $12 at the top.

These targets, if they play out correctly, will see the DOGE market cap rise rapidly, and unless XRP pulls some equally bullish moves, it will soon be behind DOGE on the list of largest cryptocurrencies by market cap. But for now, both cryptocurrencies at maintaining their places with XRP in 6th position and Dogecoin in 8th position behind stablecoin USDC.

Dogecoin price chart from Tradingview.com (XRP)

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XRP Sees An Alarming 1,800% Surge In Liquidations, Whats Going On?

XRP has witnessed an alarming amount of liquidations in the last 24 hours. This has no doubt caused concerns in the XRP community, considering the impact that the derivatives market has on a crypto’s price. 

$1.32 Million XRP Positions Get Liquidated 

Data from Coinglass shows that $1.32 million has been liquidated from the XRP market in the last 24 hours. Long positions account for a majority of these liquidations, with $1.04 million in long positions being wiped out during this period. This underlines the bearish sentiment plaguing the XRP ecosystem, with the bears firmly in control. 

This bearish outlook is also evident in several other key metrics in the XRP derivatives market. For instance, the total trading volume and open interest have dropped by 36.90% and 2.69%, respectively, which suggests that crypto investors are choosing to stay out of the XRP market.

Meanwhile, there has also been a decline in the options volume, further suggesting that crypto investors have reduced their bets on the the altcoin. This is, however, not surprising considering how XRP has maintained a tepid price action despite the broader crypto market enjoying significant price gains at different times. 

Despite XRP’s current market conditions, there are still those betting heavily on a bullish future trajectory for the crypto token. This includes crypto expert Zach Rector, who has stated that the altcoin will “not miss the bull run” despite its current price action. He alluded to XRP’s fundamentals as one reason for his belief. 

More recently, he mentioned that XRP will soon experience a supply shock with increased token burns on the horizon. These token burns help reduce the number of tokens in circulation and can help drive up the token’s value through scarcity. 

Time To Accumulate More Tokens

Crypto analyst Egrag Crypto recently mentioned in an X (formerly Twitter) post that it was time to accumulate more XRP. He made this statement while highlighting an ascending triangle on XRP’s monthly timeframe, which “screams bullish.” In anticipation of this bullish move, the analyst urged crypto investors to “accumulate more, and then just sit back and wait for the magic to happen.”

As to how high XRP could rise, Egrag stated that “the measured move of the Ascending Triangle could potentially reach either $17 or $27.” The analyst had also recently claimed that the altcoin would rise to $5 by July. 

At the time of writing, XRP is trading at around $0.6, up in the last 24 hours according to data from CoinMarketCap. 

XRP price chart from Tradingview.com

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Crypto Experts Predict Massive Price Surge For XRP Price, Is $20 Possible?

Crypto experts continue to be bullish on the XRP price despite the poor performance that the altcoin has exhibited in recent times. Some of these experts see the cryptocurrency’s price rising higher from its current level, with one analyst expecting XRP to rise as high as $20 in the coming bull market.

XRP Price On The Verge Of Breakout

One of the crypto experts that has shown incredibly bullish sentiment toward the XRP price is Matthew Dixon, the CEO of crypto rating platform, Evai. Dixon took to X (formerly Twitter) to share with the crypto community that the XRP trading volume had been seeing positive headwinds in recent times.

At the time, the Evai chart shared by the the crypto CEO showed that XRP had recorded an approximately 42% increase in its daily trading volume to cross $2.1 billion. Using this increase in trading volume, Dixon believes that it shows the rising interest in the altcoin.

Naturally, increased interest often translates to increased demand, which can be bullish for a cryptocurrency’s price. This was the thought shared by the Evai CEO who believed the surge in trading volume and interest meant that the XRP price was on the verge of a breakout.

However, this does not seem to be the case, at least in the short term, since the XRP price continues to trend around the same level since Dixon first made the post. It is hovering around $0.61 at the time of this writing, with a0.96% gain in the last 24 hours.

Can Price Get To $20?

Predictions for the XRP price going into the next bull market have had a wide variety, from very conservative to very ambitious. For many, though, the expectation is that the XRP price will rise very quickly as regulatory clarity from the Ripple vs SEC case is fast approaching.

Crypto analyst Armando Patoja takes the ambitious route with his own prediction, forecasting an over 3,000% price increase for XRP. According to Patoja, the predictions that put XRP’s future price at $5 severely underestimate the ability of the altcoin.

On his own, the crypto analyst believes that the XRP price has the potential to rise even further to reach between $10 to $20. Patoja posits that saying XRP will reach just $5 is like expecting Bitcoin to top out at $1,000 in 2015.

Despite the growing XRP community, it is no doubt that Patoja’s prediction has been received with a grain of salt. One community member responded to the post saying XRP could not possibly rise that high because major projects who were building on the XRP Ledger have been abandoning it for other chains because it is a dead chain. Due to the lack of builders, they do not believe that XRP has the steam to run that high.

XRP price chart from Tradingview.com

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XRP Heading To $100-$500? Analyst Provides Speculated Timeframes

Following an extended period of stasis, the price of XRP has suddenly begun to rise, fueling several bullish predictions regarding the altcoin’s direction from several cryptocurrency analysts. 

Bullish Timelines For XRP

The most current positive forecasts came from cryptocurrency expert and XRP enthusiast BarriC, who has established multiple timelines for the digital asset to rise to unprecedented heights in the long term. Taking to the X (formerly Twiter) platform, BarriC voiced his opinions, noting that as time goes on, crypto investors might have fewer chances to purchase cheap XRP. According to the analyst, inexpensive XRP today is defined as less than $0.80. 

Furthermore, the expert underscored his prediction that XRP would trade between $1 and $3. BarriC specifically contended that by the time this bull market ends, a cheap XRP would be between the aforementioned price levels.

Moving on, BarriC has regarded the crypto asset as undervalued between the $10 and $15 threshold in the next 4 to 5 years, particularly around the subsequent Bitcoin halving event and bull cycle between 2028 and 2029.

If, toward the conclusion of the next bull run, XRP is cheap, trading between $10 and $15, then the analyst is expecting it to reach much higher prices at the peak of the bull cycle.

BarriC envisions a significant surge from the anticipated $10 to a triple-digit landmark. Following the succeeding halving and bull cycle, which is expected to occur by 2032 and 2033, the analyst expects the token to also be undervalued at $100 and $500.

Concluding his forecast, he affirms that market participants will always have access to affordable prices. However, it is up to those interested in the altcoin to decide how much funds they are willing to invest.

$1,000 Is Possible In The Long Run

It is worth noting that the analyst previously projected a $1,000 price mark for XRP. According to BarriC, XRP’s path over the coming several months and years promises to be exciting. He believes XRP’s price will rise as the cryptocurrency market expands and changes, and as a result, it will be poised for massive growth and more widespread adoption.

Given his expectations for greater mass adoption and growth of the coin in the upcoming months and years, he foresees a peak of $1,000 in the long term. Other prices set aside by the expert to watch out for include $1, $5, $10, $50, $100, and $500.

Whether in the short term or long term, BarriC is confident the token will change people’s lives. XRP

XRP trading at $0.6009 on the 1D chart | Source: XRPUSDT on Tradingview.com

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XRP Price Still Have A Chance For A Bullish Streak: Here’s How

XRP price is struggling to clear the $0.6420 resistance. The price must stay above the $0.600 support to attempt a fresh increase in the near term.

  • XRP is slowly moving lower from the $0.6420 resistance zone.
  • The price is now trading below $0.6120 and the 100 simple moving average (4 hours).
  • There is a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
  • The pair could gain bearish momentum if there is a close below the $0.600 support.

XRP Price Revisits Support

After a steady increase, XRP price struggled to clear the $0.6420 resistance. It started a fresh decline below the $0.6250 support, like Bitcoin and Ethereum.

There was a move below the $0.6200 support. The price traded below the 23.6% Fib retracement level of the upward move from the $0.5622 swing low to the $0.6420 high. The price is now trading below $0.6120 and the 100 simple moving average (4 hours).

It is testing the $0.6020 support and the 50% Fib retracement level of the upward move from the $0.5622 swing low to the $0.6420 high. There is also a key bullish trend line forming with support at $0.6020 on the 4-hour chart of the XRP/USD pair.

Immediate resistance is near the $0.610 level and the 100 simple moving average (4 hours). The next key resistance is near $0.6220. low. A close above the $0.6220 resistance zone could spark a strong increase. The next key resistance is near $0.6420.

XRP Price

Source: XRPUSD on TradingView.com

If the bulls remain in action above the $0.6420 resistance level, there could be a rally toward the $0.6620 resistance. Any more gains might send the price toward the $0.700 resistance.

More Losses?

If XRP fails to clear the $0.6220 resistance zone, it could start another decline. Initial support on the downside is near the $0.6020 zone and the trend line.

The next major support is at $0.580. If there is a downside break and a close below the $0.580 level, the price might accelerate lower. In the stated case, the price could retest the $0.5450 support zone.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.6020, $0.580, and $0.5450.

Major Resistance Levels – $0.610, $0.6220, and $0.6420.

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Crypto Expert Reveals What To Expect For Bitcoin, Dogecoin, And XRP In 12-16 Months

Crypto expert Ash Crypto has outlined his price predictions for several crypto tokens, including Bitcoin (BTC), Dogecoin (DOGE), and XRP, heading into this bull run. He also suggested that these price levels could be attained in the next 12 to 16 months. 

How High Will Bitcoin, Dogecoin, And XRP Rise?

Ash Crypto predicted in an X (formerly Twitter) that BTC would rise between $100,000 and $250,000 by 2025. This prediction aligns with those made by other notable crypto analysts. One of them is Skybridge Capital CEO Anthony Scaramucci, who predicted in January that Bitcoin would rise to $170,000 18 months after the Bitcoin Halving.

Bitcoin Dogecoin XRP

Meanwhile, some other crypto analysts will argue that Bitcoin hitting $100,000 could even happen this year rather than 2025. This includes Tom Dunleavy, the Chief Investment Officer (CIO) at MV Capital, who claims that Bitcoin will rise to $100,000 by the end of this year. Tom Lee, Managing Partner and Head of Research at Fundstrat Global Advisors, also predicted that Bitcoin would rise to as high as $150,000 this year. 

Regarding his price target for DOGE, Ash Crypto predicted that the meme coin would rise to $1 in the next 12 to 16 months. This prediction is also a common sentiment shared by several other crypto analysts and members of the crypto community. Specifically, crypto analyst DonAlt once mentioned that “it isn’t too unlikely for Dogecoin to go to $1,” while crypto analyst Altcoin Sherpa stated that DOGE could do “something silly like go to $1 this cycle eventually.”

Ash Crypto also shared his price target for XRP, stating that the crypto token could rise between $3 and $5. This price prediction, however, seems conservative, considering other predictions that crypto analysts have made for the XRP token. 

Crypto analyst CrediBULL Crypto recently mentioned that XRP could rise to as high as $20 in this market cycle. Meanwhile, Crypto analyst Egrag Crypto has repeatedly stated that XRP hitting $27 is possible.

Undervalued Altcoins Make The List

Crypto expert Michaël van de Poppe recently included Chainlink (LINK), Celestia (TIA), and Polkadot (DOT) in a list of ten crypto tokens he believes are undervalued. Interestingly, these three altcoins also made their way into Ash Crypto’s list of coins, for which he outlined price targets. 

For LINK, Ash Crypto predicted that the crypto token could rise to between $250 and $500 by next year. LINK’s rise to such levels would undoubtedly be massive, considering it currently trades at around $17. Ash Crypto also predicted a parabolic surge in TIA and DOT’s prices, as he believes they could rise to as high as $150 and $120, respectively. 

Dogecoin price chart from Tradingview.com (Bitcoin XRP)

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Expert Maps Out Timeline For The XRP Price To Cross $1,000

Crypto Expert BarriC has raised eyebrows with his recent analysis of the XRP price, in which he stated that the crypto token could rise to $1,000. As part of his analysis, he also elaborated on why this price level is attainable and not an “arbitrary number” he has pulled out for fun. 

When Will The XRP Price Rise To $1,000?

BarriC suggested in an X (formerly Twitter) post that the XRP price will rise to $1,000 in the next five to ten years. He explained that this would happen due to the new money flowing into the crypto space during that period. Specifically, he alluded to the “400 trillion dollars of personal wealth” and also institutional money yet to come into crypto, which could help drive up XRP’s price. 

To drive home his point, he drew his followers’ attention to the Spot Bitcoin ETFs and how they have so far contributed to Bitcoin’s bullish momentum and price surge. As such, he believes that XRP could also benefit from such institutional demand once institutions begin to show interest in other crypto ETFs like a potential XRP Spot ETF.

BarriC boldly claimed that to say that XRP will not hit $1,000 “is to say that the entire crypto market as a whole will never grow or evolve or that new money will not come in.” He also suggested that the only way the XRP price wouldn’t hit $1,000 was if Ripple somehow failed in everything they had set out to do. 

However, he believes all that is unlikely and that the crypto space and Ripple will continue to grow the same way they have since 2016, even though he admitted that people “aren’t ready to fathom price action like a $1,000 $XRP.” He added that this is the same way no one in 2016 could have fathomed Bitcoin at $74,000, but it eventually happened. 

XRP To $2,500 Is Also A Possibility

Crypto analyst Egrag Crypto once raised the possibility of the XRP price hitting $2,500 by 2029 while sharing his encounter with a top banker. Egrag mentioned that the banker told him XRP would hit this price level, and he agreed. Like BarriC, Egrag claimed that the banker spoke about how ETH hitting $2,500 seemed impossible then, but it happened. 

However, XRP YouTuber Moon Lambo will have reservations about these price predictions. He once suggested that there isn’t enough money in the world to drive XRP’s price to four or five digits. He also noted that any new money that flows into crypto won’t only go into the XRP ecosystem. As such, one can’t base such an ambitious price prediction solely on money that has yet to come into crypto. 

At the time of writing, the XRP price is trading at around $0.60, up in the last 24 hours according to data from CoinMarketCap.

XRP price chart from Tradingview.com

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Ripple CEO Makes Bold Prediction For Crypto Market – $5 Trillion In 2024

The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse has boldly forecasted a transformative shift in the crypto industry, envisioning a $5 trillion market capitalization for cryptocurrencies in 2024. 

Ripple CEO Says Crypto Market Cap To Double By Year’s End

Appearing in a recent interview with CNBC, Garlinghouse made a shocking prediction, stating that he sees the entire market capitalization of the crypto industry surging to $5 trillion by the end of 2024. The significance of this prediction carries severe weight, not just because of the startling numbers but also due to its ambitious timeline. 

Since the concept of cryptocurrency was first introduced about 40 years ago and the inception of Bitcoin in 2009, the overall market capitalization of the industry has only been able to reach about $2.5 trillion. This massive growth in a dynamic industry has been fueled by the evolutionary changes that have significantly reshaped the fundamentals of the financial sector. 

A rise to $5 trillion, as Garlinghouse expects, will see the crypto industry’s market capitalization doubling in about nine months. This substantial increase in such a short period would spell a revolutionary shift in the industry, extending its dominance as one of the most lucrative and thriving markets in the world. 

Currently, according to CoinMarketCap, the global crypto market capitalization is estimated at $2.59 trillion, reflecting a 0.74% increase in the past 24 hours. The cumulative market volume has also grown to about $61.98 billion, with Bitcoin dominance recording more than 50% of the total cryptocurrency market. 

Key Factors To Fuel Market Cap Growth

During his interview, Garlinghouse revealed several crucial factors that could drive the crypto market capitalization to $5 trillion. The Ripple CEO disclosed that macro factors, including the Spot Bitcoin Exchange Traded Funds (ETFs) and the upcoming Bitcoin halving event, were prime catalysts for the market’s expansion. 

Expressing optimism about the crypto industry, the CEO shared insights from his years observing the market’s trends. He emphasized that the introduction of ETFs has been a major driver, attracting institutional investors globally and pushing substantial funds into the market. 

Additionally, Garlinghouse pointed out that due to these macro factors, the demand for cryptocurrencies is increasing while its supply is dwindling. He implied that this imbalance in supply and demand typically results in price appreciation, eventually having a positive impact on the overall market. 

The Ripple CEO has also stated that he expects more regulatory clarity within the crypto industry, particularly in the United States. He hinted at the possibility of a favourable change in crypto regulations following the country’s election and transition to a new administration.

Crypto total market cap chart from Tradingview.com

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XRP Price Drops After Massive Whale Dump, Casting Doubt On $1 Target In April

It is now doubtful that the Ripple Labs cryptocurrency, XRP, would be able to hit the much-anticipated $1 price objective this month as its pricing has taken a negative swing today.

The market’s general unease over the impending Bitcoin halving and a significant transfer of XRP tokens by a whale also correspond with this fall.

Whale Offloads Millions Of Tokens

Data from from blockchain tracker Whale Alert shows that an unknown wallet transferred nearly 25 million XRP tokens worth $14.75 million, to the cryptocurrency exchange Bitstamp. This transaction sparked speculation within the crypto community, with many attributing the subsequent price dip to the whale’s sell-off.

The timing of this transfer is particularly noteworthy as it follows a pattern observed in the past. When Ripple Labs strategically acquired stakes in cryptocurrency exchanges, similar whale movements to these exchanges were witnessed.

This led some to believe that Ripple might be attempting to manage the altcoin’s market supply, potentially causing price fluctuations through controlled exchange inflows.

Bearish Sentiment Grips XRP Market

Further contributing to the price decline were signs of dwindling investor interest in XRP. On-chain data revealed a decrease in activity related to its derivatives, suggesting a potential drop in investor confidence.

Additionally, data from Coinglass showed a decrease in open interest for XRP futures contracts, alongside liquidations exceeding over $280,000 within a single day. These indicators collectively paint a picture of a bearish market sentiment surrounding the digital asset.

Bitcoin Halving Throws Uncertainty Into The Mix

The upcoming Bitcoin halving, an event that significantly reduces the number of new Bitcoins entering circulation, has injected uncertainty into the broader cryptocurrency market.

While historically such events have led to price increases for Bitcoin, the short-term impact on altcoins like XRP remains unclear. Some analysts believe the crypto could benefit from a post-halving Bitcoin surge, while others anticipate a more complex interplay between the two currencies.

Can XRP Still Reach $1 In April?

The recent price drop undoubtedly makes the $1 target for XRP in April seem less attainable. However, dismissing the possibility entirely might be premature. The cryptocurrency market is known for its volatility, and unforeseen events could trigger a rapid price increase for the coin.

Moreover, some analysts retain their optimistic outlook, believing that the bullish sentiment surrounding the token, coupled with the potential tailwinds from the Bitcoin halving, could still propel XRP towards the coveted $1 mark.

Featured image from Pexels, chart from TradingView

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XRP To $20 And Ethereum To $20,000: Crypto Analyst Reveals When This Will Happen

Crypto analyst CrediBULL Crypto has laid out a bullish narrative for Ethereum (ETH) and XRP. He claimed that both tokens could rise to as high as $20,000 and $20, respectively. Additionally, he stipulated when this parabolic price surge is likely to happen. 

Ethereum Could Hit A Market Top Near $20,000

CrediBULL Crypto mentioned in an X (formerly Twitter) post that there is a chance that Ethereum could hit a market peak near $20,000. He further explained that ETH could attain this price level based on his belief that BTC can “realistically” see a 2x in this market cycle from its last high of $69,000 in the 2021 bull run. As such, altcoins like ETH will do “multiples of that.” 

Specifically, he foresees ETH doing a 3x to 4x of its prior all-time high (ATH) of $4,800, which puts the second largest crypto token by market cap in a price range between $15,000 and $20,000. Meanwhile, CrediBULL asserted that Ethereum will surely rise to $10,000 at the minimum. 

Following CrediBULL’s prediction, another X user questioned how possible it was for ETH to rise to a market cap of $2 trillion, stating that it seems “crazy.” However, the crypto analyst responded that ETH rising to such levels is a “blow off top, ” so the market cap will look “outrageous.” He jokingly added that there is a problem if the market caps don’t look outrageous. 

XRP Is Another Altcoin That Could Experience Exponential Growth 

In a different X post, CrediBULL also made a case for XRP, stating that XRP could also rise between $10 and $12 if ETH were to hit $10,000. He suggested that XRP wasn’t to be underrated despite its current underperformance, noting that XRP actually flipped ETH in terms of market cap at some point in the last cycle.  

Therefore, the crypto analyst added that anyone who thinks ETH hitting $10,000 is “realistic” should also believe that XRP rising to $10 is possible. In a subsequent X post, CrediBULL claimed that XRP could even rise to as high as $20 based on ETH hitting $10,000 at its current circulating supply. 

Again, he noted that XRP is very capable of attaining such price levels, seeing as it is a top 10 coin, which means that the market demand for it is evidently there. CrediBULL’s sentiment echoes that of Nick, the founder of Web3Alert, who previously predicted that XRP could rise to $10 since there were predictions that Bitcoin and Ethereum would rise to as high as $150,000 and $10,000, respectively.  

At the time of writing, ETH and XRP are trading at around $3,290 and $0.58, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Ethereum)

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XRP Battle Cry: Must Rally 70% To Reconquer $1 Peak After Market Turmoil

The price of XRP, the native token used on RippleNet for cross-border payments, has remained stubbornly below the coveted $1 mark for months. This, despite a broader cryptocurrency bull run that began roughly six months ago. While some analysts predict a swift surge to bridge the gap, others remain cautious due to ongoing legal battles and a volatile market.

Currently, XRP hovers around $0.59, a significant distance from the $1 many investors had hoped for. The token has experienced significant volatility in recent months, oscillating between $0.50 and $0.65. A brief rally to $0.75 in March offered a glimmer of hope, but it was quickly followed by a retreat.

XRP: Several Obstacles To Overcome

This underwhelming performance can be attributed to several factors. The ongoing lawsuit between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC) continues to cast a shadow over the token’s future. The SEC alleges that XRP is an unregistered security, a claim Ripple vehemently denies. The uncertainty surrounding the lawsuit has undoubtedly dampened investor sentiment.

Further complicating matters is the prevailing bearish sentiment in the cryptocurrency market. Bitcoin, the world’s leading cryptocurrency, has experienced a significant correction in recent weeks, dragging down the entire market with it. This broader market trend has limited XRP’s potential for independent growth.

Positive Vibe Lingers

However, a wave of optimism persists among some XRP proponents. They point to the token’s underlying utility on RippleNet, a network designed to facilitate faster and cheaper international payments.

RippleNet boasts a growing list of institutional partners, including major banks and financial institutions. This adoption, they argue, positions XRP for significant growth once the legal issues are resolved and the market stabilizes.

Adding fuel to this optimism are analysts who foresee a dramatic price increase for XRP in the near future. Some, like analyst Tylie Eric, have boldly predicted a 60% surge within a short timeframe, citing parallels to the explosive bull run of late 2017.

Others, like EGRAG, a commentator within the XRP community, believe the token is mirroring the pre-bull phase of that period, suggesting an imminent breakout.

Meanwhile, before this cycle’s high, XRP’s price could rise 15 times in the near future, according to a well-known cryptocurrency analyst.

However, not everyone shares this enthusiasm. Researchers at Changelly, a cryptocurrency trading platform, hold a more conservative view. They believe that reaching $1 by the end of April is unlikely, with their most optimistic target for the month being $0.75.

The future trajectory of XRP remains uncertain. Overcoming the $1 hurdle will require a confluence of factors, including a favorable outcome in the SEC lawsuit, a resurgence of bullish sentiment in the broader market, and a continued demonstration of RippleNet’s utility.

To make up for the $1 price tag that XRP lost during the last bull market, its current price of $0.59 would have to rise by around 70% this month.

Featured image from Pexels, chart from TradingView

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Analysts Say XRP Price Is Ready To Breakout, Here Are The Targets

Crypto analyst Egrag Crypto has stated that a breakout could be on the horizon for the XRP price. He also outlined price targets that the crypto token could hit if this price breakout were to happen successfully. 

XRP Price Could Rise To As High As $0.78

Egrag mentioned in an X (formerly Twitter) post that the next price target for XRP is between $0.702 and $0.786. However, the crypto analyst failed to give a timeline for when this price breakout could happen. He also raised the possibility of a short-term move to the downside but quickly added that it has no impact on XRP’s long-term trajectory. 

Regarding XRP’s long-term target, the accompanying chart that Egrag shared showed that XRP could still rise to $7.5 at some point. The crypto analyst labeled this price level as a “critical target level,” possibly in relation to higher price targets that Egrag believes XRP can attain before this bull run ends. The crypto analyst has, at different times, predicted that XRP could rise to as high as $27 at the peak of this market cycle. 

The $27 price prediction no doubt seems ambitious, and XRP holders are more likely to set their focus on Egrag’s more conservative prediction of $5. The crypto analyst recently boldly claimed that XRP is “guaranteed” to see as much as a 1000% gain on its way to a new all-time high of $5.5.

Egrag further mentioned that the crypto token will begin to experience its rise to the $5 price range between this month and July. Interestingly, Egrag boldly asserted in January that XRP would reach $5 in the next 90 days, meaning that the crypto token is meant to attain this price level sometime this month. 

Will April Be Another Unfulfilling Month For XRP Holders?

XRP holders will be cautious about getting their hopes high despite Egrag’s bullish predictions, which could be actualized this month. These investors had many expectations for XRP in March, with crypto analysts like Crypto Rover predicting earlier that XRP would experience a “massive breakout” last month. 

However, that did not happen, as XRP maintained a relatively tepid price action even when the broader crypto market enjoyed significant gains at different points in March. XRP’s underperformance last month further underlined its rather unimpressive price action since the beginning of the year, with a year-to-date (YTD) price loss of over 4%. 

At the time of writing, XRP is trading at around $0.58, down in the last 24 hours according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Crypto analysts)

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Fear Grips XRP Market As Liquidations Top $6 Million – Details

The cryptocurrency market continues to feel the tremors of a brutal April Fools’ Day price crash, with XRP taking a significant hit. In the last 24 hours, a staggering $6 million in XRP contracts were liquidated, according to Coinglass data. This liquidation frenzy can be attributed to the sharp price decline experienced by XRP on April 1st.

The new month began with XRP trading around $0.61. However, a domino effect triggered by Bitcoin’s plunge below $67,000 sent shockwaves through the market, dragging down XRP along with other major cryptocurrencies.

Looking deeper into the liquidation data, a clear trend emerges. A whopping $5.6 million of the liquidated contracts were long positions, indicating that traders who bet on XRP’s price increasing were forced out of their positions. Conversely, short positions, which profit from price decreases, saw a significantly smaller liquidation value of $324,200.

Market Contrasts: XRP’s Uncertain Path

Interestingly, the situation on the spot market, where actual cryptocurrency is bought and sold, presented a contrasting picture. XRP’s trading volume surged by nearly 60% during the same period when these hefty liquidations occurred.

While a surge in volume might suggest increased buying activity, a closer look reveals a dominance of selling pressure. The price action suggests that a significant portion of this volume resulted in selling rather than accumulation.

This trend of rising volume alongside a falling price indicates that the downward momentum for XRP might persist. If this selling pressure continues unabated, analysts predict a potential drop in XRP’s price towards the $0.55 support level.

With these conditions in play, XRP’s future appears uncertain. The token faces the risk of getting caught in a market bloodbath. However, it’s important to acknowledge dissenting viewpoints. Some analysts hold a different perspective and predict a potential short-term upside for XRP, with a price target of $0.74.

XRP’s Stable Funding Rate Amidst Bearish Sentiment

Meanwhile, amidst the bearish sentiment, a glimmer of optimism emerges from technical analysis. Despite the high liquidation value, XRP’s funding rate has remained stable. In simpler terms, a positive funding rate implies that traders holding long positions (expecting a price increase) are currently paying a premium to those holding short positions (expecting a price decrease).

This can be interpreted in two ways. It could suggest that some traders still believe in a potential XRP price increase, or it could indicate that short sellers are willing to pay a premium to maintain their bearish positions.

Related Reading: Shiba Inu Fires Up With 4,000% Burn – Price Rebound Coming?

NewsBTC’s analysis indicates that XRP’s Funding Rate currently sits at 0.030, slightly higher than the predicted rate of 0.029. Should the Funding Rate hold positive while the price continues to decline, those holding long positions might not receive the usual funding payments. This scenario could further exacerbate the bearish bias and empower aggressive sellers.

Featured image from Pexels, chart from TradingView

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XRP Price Near Crucial Juncture, Can Bulls Take A Stand?

XRP price is struggling below $0.620. The price must stay above the $0.5680 support to attempt a fresh increase in the near term.

  • XRP is slowly moving lower from the $0.6620 resistance zone.
  • The price is now trading below $0.620 and the 100 simple moving average (4 hours).
  • There is a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
  • The pair could gain bearish momentum if there is a close below the $0.5680 support.

XRP Price Faces Many Hurdles

In the past few sessions, XRP price saw a steady decline from well above the $0.650 level. There was a drop below the $0.620 and $0.605 support levels, like Bitcoin and Ethereum.

The price tested the $0.580 support. A low was formed near $0.5805 and the price is now consolidating losses. There is also a major bearish trend line forming with resistance near $0.600 on the 4-hour chart of the XRP/USD pair.

Ripple’s token price is now trading below $0.620 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.600 zone and the trend line. It is close to the 23.6% Fib retracement level of the downward wave from the $0.6625 swing high to the $0.5805 low.

The next key resistance is near $0.620. It is close to the 50% Fib retracement level of the downward wave from the $0.6625 swing high to the $0.5805 low. A close above the $0.6250 resistance zone could spark a strong increase. The next key resistance is near $0.6620.

XRP Price

Source: XRPUSD on TradingView.com

If the bulls remain in action above the $0.6620 resistance level, there could be a rally toward the $0.680 resistance. Any more gains might send the price toward the $0.700 resistance.

More Losses?

If XRP fails to clear the $0.600 resistance zone, it could start another decline. Initial support on the downside is near the $0.580 zone.

The next major support is at $0.5680. If there is a downside break and a close below the $0.5680 level, the price might accelerate lower. In the stated case, the price could retest the $0.5250 support zone.

Technical Indicators

4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.

Major Support Levels – $0.580, $0.5680, and $0.5250.

Major Resistance Levels – $0.600, $0.6250, and $0.6620.

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XRP And XLM Blast: Analyst’s 20X Rally Projection To ‘Melt Faces’

In the ever-evolving world of cryptocurrency investments, technical analysis continues to play a significant role in shaping investor sentiment and market trends. Amidst the volatile landscape, one analyst, known as Charting Guy, has garnered attention for his bold predictions regarding the future of two prominent digital assets: XRP and Stellar (XLM).

Will XRP Rally “Melt” Faces?

Charting Guy’s recent tweet has made waves, declaring that investors in XRP and XLM will soon witness “melting faces” as he identifies a potential $13 movement. This provocative statement underscores his confidence in the impending bullish surge he foresees for these cryptocurrencies.

His analysis suggests a bullish trajectory for both XRP and XLM, despite prevailing market skepticism and prolonged periods of consolidation. While some market participants have labeled these assets as “dead coins” due to their lackluster performance in recent years, Charting Guy remains undeterred by sentiment-driven narratives, instead focusing on technical indicators and chart patterns.

Potential Breakout In The Offing?

According to the analyst’s examination, XRP and XLM have exhibited symmetrical triangle patterns, signaling potential breakout opportunities. These patterns, which have been forming over the course of six years, are among the largest formations Charting Guy has encountered, indicating significant potential for price movement.

His projections indicate a breakout target for XRP within the range of $10 to $13, implying a substantial gain of up to 2,000%. Similarly, Charting Guy believes that XLM could follow a similar trajectory, reaching a target of $13.

Optimistic Long-Term Prospects For XRP And XLM

While these short-term targets are ambitious, Charting Guy’s outlook extends beyond the current market cycle. He suggests the possibility of XRP reaching $38 in the future, although he acknowledges that this may not materialize within the next few years.

Related Reading: Shiba Inu (SHIB) Slumps As Whale Sell-Off Dampens Momentum – Details

Nonetheless, he remains optimistic about the long-term prospects of both XRP and XLM, foreseeing a three-digit value for both assets within the next decade.

His bullish outlook is not solely based on technical analysis but also takes into account the potential role of XRP and XLM in the emerging financial landscape. With the increasing adoption of central bank digital currencies (CBDCs) and the potential for disruption in traditional financial systems, Charting Guy believes that XRP and XLM are well-positioned to play a significant role in the future of finance.

Featured image from Andrea Piacquadio/Pexels, chart from TradingView

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Riding The Ripple: XRP Stellar 1-Year Performance Leaves Banks In The Dust

XRP holders are facing mixed signals. While the digital asset boasts nearly 20% in gains over the past year, significantly outperforming traditional savings accounts, its recent performance pales in comparison to other cryptocurrencies.

After a substantial decline, the altcoin’s price has now entered a phase of sideways consolidation, making market players unsure of its future course. It appears like the cryptocurrency will likely stay stuck in a narrow range until there is a breakout in either way.

XRP: Beating Savings Accounts

Despite the seemingly negative vibe, a recent report highlighted the coin’s resilience. Specifically, it underscored its advantage over stagnant savings accounts.

XRP hit a low of $0.42 in March 2023 and surged to $0.93 in July, fueled by optimism surrounding the Ripple vs. SEC lawsuit. The coin then saw a rise of 1.30% on Sunday. After losing 1.35% on Saturday, the altcoin gained 0.41% at the end of the week to close at $0.6299. Today, it sits at $0.61, reflecting a 20% year-over-year increase.

This dwarfs the returns offered by most savings accounts. A Business Insider report pegs the average Annual Percentage Yield (APY) for US savings accounts between 0.01% and 0.25%. Even high-yield online banks rarely surpass 5.30% APY.

“Mr. Huber,” a prominent crypto community investigator, emphasizes this point. To paraphrase his views, he said while XRP might not be setting the crypto world on fire right now, it’s definitely a better option than letting your money languish in a savings account.

However, discontent simmers within the community. Over the past three months, XRP has seen a meager 1% growth, while rivals like Bitcoin and Ethereum have skyrocketed by over 50%. This lackluster performance compared to its peers is causing frustration among holders.

The future trajectory of XRP hinges on multiple factors. The ongoing Ripple vs. SEC lawsuit, which centers around whether XRP is a security, is a significant cloud hanging over the coin’s price. A favorable outcome could reignite investor confidence and propel XRP upwards.

Diverse Perspectives And Pressure In The Crypto Market

Another factor is the broader cryptocurrency market. If the current bull run continues and other top coins maintain their momentum, XRP might face additional pressure to catch up.

Analysts remain divided on XRP’s short-term prospects. Some believe the current stagnation is a buying opportunity before a potential price surge. Others urge caution, citing the ongoing lawsuit and the unpredictable nature of the cryptocurrency market.

The diverse perspectives surrounding XRP showcase the exciting array of options available to investors. With XRP presenting a compelling alternative to conventional savings methods, its unique features shine through.

Despite recent fluctuations in its performance compared to other digital assets, this opens up opportunities for thoughtful consideration and strategic investment. Ultimately, the choice to embrace XRP hinges on aligning with one’s personal risk appetite and long-term investment objectives, empowering individuals to make informed decisions tailored to their financial aspirations.

Featured image from Karolina Grabowska/Pexels, chart from TradingView