Ripple (XRP) Is Breaking Out as Analyst Expects ‘Full-Scale Rise’
XRP just tapped a 3-week high.
Although most of the cryptocurrency market is in the green now, with BTC climbing to $81,500 minutes ago, Ripple’s native token is actually among the top performers.
The asset posted a notable surge in the past hour or so, going from $1.42 to almost $1.50. This became its highest price tag since April 18, when it was rejected at $1.50 and spent the following three weeks trading sideways between $1.34 and $1.45.
This impressive price surge of almost 5% daily comes on the heels of many analysts predicting it over the past weeks.
As reported yesterday, Ali Martinez noted that the TD Sequential metric had flashed a major buy signal on the 4-hour chart. The analyst outlined targets of up to $1.82 if it manages to decisively break through the $1.45 resistance.
Fellow analyst CW noted that the token’s current chart shows significant strength, and predicted that “a full-scale rise for XRP is imminent.” Before that, they forecasted a “historic rally” in the making.
Another popular analyst on X who often touches upon XRP’s price moves, EGRAG CRYPTO, was significantly more bullish on the asset’s long-term performance. They touched upon the historical EMA Ribbon and outlined three different scenarios for the asset’s future.
Even the most modest one envisioned a mind-blowing 1,000% surge based on historical performance, while the most likely to occur, according to EGRAG, predicted a 1,250% surge, which would send the token flying to $13.
