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MainNewsXRP the Next...

XRP the Next Bitcoin? — Analysts Envision 2,700% Rocket to $45 XRP Price Based on Crazy Historic Patterns


by Newton Gitonga
for ZyCrypto

XRP Sees Ultra Bullish Use Cases As Ripple Teams Up With Georgia’s Central Bank To Pilot CBDC

The cryptocurrency community is abuzz with renewed optimism for XRP. Leading influencers and analysts predict a substantial price surge, comparing the digital asset to Bitcoin in its early days.

Time Traveller, a prominent XRP advocate with over 10,000 followers on Twitter, recently shared a compelling message highlighting XRP’s potential upside.

“Some of you think that your small bag of XRP will be nothing major in the future, but allow me to explain something to you,” he tweeted

Using Bitcoin’s historic price trajectory as a benchmark, the pundit pointed out that Bitcoin’s lowest recorded closing price was just $0.05 on July 18, 2010. Fast forward to today, and Bitcoin is trading at approximately $107,382 at press time, a staggering increase that highlights its meteoric rise. To put this into perspective, a mere $0.01 investment back then would have bought 0.2 BTC. At today’s price, that small investment would now be worth roughly $21,476.

He concluded that XRP trading under $100, especially below $5, is akin to buying Bitcoin at its infancy, signaling significant future gains.

Echoing this bullish sentiment, The Bearable Bull, a self-proclaimed millionaire mentor and crypto influencer, predicted on Friday that XRP’s price could reach $8, marking the “end of the generational wealth journey.” After years of anonymity, The Bearable Bull recently amplified this message, signaling a confident new chapter for XRP investors.

Adding to the chorus of optimism is analyst Egrag ccrypto, who has made bold forecasts based on technical analysis and historical patterns. Egrag predicted XRP could surge by as much as 2,700%, reaching $45, or experience a more moderate rise of 1,050% to $19. He bases these predictions on XRP’s previous bull cycles in 2017 and 2021, where the asset saw gains of 2,772% and 1,052%, respectively.

“Men lie, women lie, but charts don’t!” Egrag tweeted, emphasizing the power of historical trends in predicting future movements. He noted that key technical indicators like the 21 EMA and 33 MA have historically preceded XRP’s significant breakouts after periods of consolidation lasting around 770 days. According to Egrag, XRP’s current rally, which began in late 2024 and saw its price increase nearly sixfold, could be the start of another major bull phase.

Despite the optimism, cautionary voices remain. Market analyst Koroush AK recently advised traders to consider shorting XRP, warning of bearish momentum and a possible price drop to $1.30. Similarly, analyst Cole Garner and trader Crashius Clay have expressed bearish views, with Clay disclosing a $1 million short position on XRP due to concerns about overvaluation and weakening demand.

Read the article at ZyCrypto

Read More

Ripple CEO Brad Garlinghouse Explores the Role and Importance of Crypto ETFs

Ripple CEO Brad Garlinghouse Explores the Role and Importance of Crypto ETFs

His comments come as futures XRP ETFs went live in the States, but the asset still aw...
Ripple Faces Critical Challenges as XRP Ledger Activity Plummets

Ripple Faces Critical Challenges as XRP Ledger Activity Plummets

XRP Ledger's transaction volume dropped significantly, raising concerns about the net...
MainNewsXRP the Next...

XRP the Next Bitcoin? — Analysts Envision 2,700% Rocket to $45 XRP Price Based on Crazy Historic Patterns


by Newton Gitonga
for ZyCrypto

XRP Sees Ultra Bullish Use Cases As Ripple Teams Up With Georgia’s Central Bank To Pilot CBDC

The cryptocurrency community is abuzz with renewed optimism for XRP. Leading influencers and analysts predict a substantial price surge, comparing the digital asset to Bitcoin in its early days.

Time Traveller, a prominent XRP advocate with over 10,000 followers on Twitter, recently shared a compelling message highlighting XRP’s potential upside.

“Some of you think that your small bag of XRP will be nothing major in the future, but allow me to explain something to you,” he tweeted

Using Bitcoin’s historic price trajectory as a benchmark, the pundit pointed out that Bitcoin’s lowest recorded closing price was just $0.05 on July 18, 2010. Fast forward to today, and Bitcoin is trading at approximately $107,382 at press time, a staggering increase that highlights its meteoric rise. To put this into perspective, a mere $0.01 investment back then would have bought 0.2 BTC. At today’s price, that small investment would now be worth roughly $21,476.

He concluded that XRP trading under $100, especially below $5, is akin to buying Bitcoin at its infancy, signaling significant future gains.

Echoing this bullish sentiment, The Bearable Bull, a self-proclaimed millionaire mentor and crypto influencer, predicted on Friday that XRP’s price could reach $8, marking the “end of the generational wealth journey.” After years of anonymity, The Bearable Bull recently amplified this message, signaling a confident new chapter for XRP investors.

Adding to the chorus of optimism is analyst Egrag ccrypto, who has made bold forecasts based on technical analysis and historical patterns. Egrag predicted XRP could surge by as much as 2,700%, reaching $45, or experience a more moderate rise of 1,050% to $19. He bases these predictions on XRP’s previous bull cycles in 2017 and 2021, where the asset saw gains of 2,772% and 1,052%, respectively.

“Men lie, women lie, but charts don’t!” Egrag tweeted, emphasizing the power of historical trends in predicting future movements. He noted that key technical indicators like the 21 EMA and 33 MA have historically preceded XRP’s significant breakouts after periods of consolidation lasting around 770 days. According to Egrag, XRP’s current rally, which began in late 2024 and saw its price increase nearly sixfold, could be the start of another major bull phase.

Despite the optimism, cautionary voices remain. Market analyst Koroush AK recently advised traders to consider shorting XRP, warning of bearish momentum and a possible price drop to $1.30. Similarly, analyst Cole Garner and trader Crashius Clay have expressed bearish views, with Clay disclosing a $1 million short position on XRP due to concerns about overvaluation and weakening demand.

Read the article at ZyCrypto

Read More

Ripple CEO Brad Garlinghouse Explores the Role and Importance of Crypto ETFs

Ripple CEO Brad Garlinghouse Explores the Role and Importance of Crypto ETFs

His comments come as futures XRP ETFs went live in the States, but the asset still aw...
Ripple Faces Critical Challenges as XRP Ledger Activity Plummets

Ripple Faces Critical Challenges as XRP Ledger Activity Plummets

XRP Ledger's transaction volume dropped significantly, raising concerns about the net...