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Author: Samuel Edyme

XRP Bulls Roar: Analyst Foresees Explosive Surge With God Candle On The Horizon

XRP investors are eyeing a potential price surge, and one analyst forecasts an optimistic outlook for the cryptocurrency. Dark Defender, a prominent figure in the XRP community, has drawn parallels between the current market movement and the 2017 historic rally. According to Dark Defender, this resemblance suggests a significant upward trajectory for XRP, potentially culminating in what he refers to as a “God Candle.” Related Reading: XRP Price Recovery Could Soon Fade, These Are Key Levels To Watch Market Analysis And Forecast: A Closer Look At XRP’s Future Dark Defender’s analysis centers around the observation that the current market dynamics echo the 2017 cryptocurrency boom, characterized by substantial shifts in digital asset valuations. During this time, XRP experienced a notable ascent from mere fractions of a cent to over $3, reaching an all-time high in January 2018. Drawing from this historical context, Dark Defender suggests that XRP’s current sideways movement may indicate an impending surge, highlighting consistent Fibonacci points as evidence of potential price targets. This moment is not just a coincidence, it’s a Deja Vu. A Deja Vu that takes us back to 2017, a time of significant shifts in the cryptocurrency market. We had one of the most extended sideways but the targets and the support Fibonacci points are still the same. I have added the pic.twitter.com/rnWanciV1i Dark Defender (@DefendDark) April 17, 2024 While recent market activity has seen XRP’s value decline by approximately 22% over the past week, with prices dipping from last Thursday’s $0.60 to as low as $0.44 during the weekend, there are signs of resilience within the altcoin. In the early hours of today, XRP exhibited a modest uptick, posting a marginal increase of around 1.2% and reaching a 24-hour high of $0.50. However, at the time of writing, the altcoin has retraced back down by 0.4% with a current market price of $0.49. XRP Market Sentiment Amidst this fluctuation, XRP whales have demonstrated a bearish sentiment. Particularly, Whale Alerts, a whale transaction tracker, has recently shared significant transactions on social media platform X, highlighting the movement of large volumes of tokens. One notable transaction involved the transfer of 158 million tokens valued at $77 million from a private wallet to the Binance crypto exchange. This sizable transfer raised concerns among investors anticipating a shift from a bearish trend to a bullish surge. Additionally, another transaction involved the transfer of 28.9 million XRP, equivalent to $14.2 million, to Bitstamp. Despite the prevailing bearish sentiment, cryptocurrency analyst Javon Marks, similar to Darkdefender, has revealed his optimistic outlook on the altcoin. Related Reading: XRP Price Set For 3,000% Rally To $22, Analyst Predicts Marks, previously recognized for his bullish stance on the altcoin, recently adjusted his predictions, envisioning a 400x surge in XRP’s price. His forecast projects the altcoin to soar to roughly $288. With a Full Logarithmic Follow through, prices of $XRP (Ripple) may be more than poised for $200+. Prices of Ripple went on an over +108,000% run in the 2017-2018 run and has since setup and broke out of its largest resisting structure EVER! A mind-boggling, +33,030% run from https://t.co/RWklG3ALh0 pic.twitter.com/r1Jie98X9s JAVONMARKS (@JavonTM1) April 5, 2024 Featured image from Unsplash, Chart from TradingView

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Crypto Analysts Are Giga-Bullish On XRP Price, Set Multiple Price Targets

Author: Scott Matherson

United Kingdom

Source: NewsBTC

Feb 24, 2024 12:05

Crypto Analysts Are Giga-Bullish On XRP Price, Set Multiple Price Targets

Crypto analysts are currently optimistic about the XRP price trajectory in the coming months, setting different price targets, with some of them more bullish than others. XRP, like most top cryptocurrencies, is always subject to price predictions from analysts as the entire crypto market continues to anticipate the resumption of a market-wide rally. Consequently, experts on social media are calling for some pretty wild price targets for XRP if the bull run kicks back into gear. Other market factors, like the possibility of an XRP ETF, are also bound to come into play in the quest for a price rally. Crypto Analysts Remain Bullish On XRP Despite Price Consolidation XRP has been on price decline since the beginning of the year. At the time of writing, the XRP price is trading at $0.5375, down 14% from the $0.625 level in early January. Notably, price movement recently went on a surge at the beginning of February as the broader cryptocurrency market witnessed inflows spearheaded by Bitcoin. As a result, XRP climbed to the $0.57 price level on February 15. Related Reading: Fundstrat Exec Predicts Bitcoin Will Reach $150,000, Heres When Despite the ongoing consolidation and lackluster price action, crypto analyst EGRAG CRYPTO has predicted a $1.4 XRP price target in the coming months. The analyst, known for his strong positive stance on XRP, made this prediction while looking at the wicking, ranging, consolidation, and bullish stages of XRP. According to a color-coded price chart shared on social media by EGRAG, XRP is currently in the wicking stage. XRP recently closed above a long-term support level of $0.5141 at the top end of the red flag stage. Consequently, we could see XRP passing through into the bullish stage and $1.4 in the coming months. It’s worth noting that the $1.4 price point coincides with a 1.618 Fib extension from $0.3536. EGRAG had noted in the past that XRP reaching $1.4 would set the stage for a progression to $5. Related Reading: Elliot Wave Theory Predicts Bitcoin Bottom And Top, Here Are The Targets Dark Defender, another crypto analyst, used the wave strategy to predict various bullish price points. According to a social media post, XRP could continue the current downturn until it reaches the end point of a wave 2 correction between $0.5198 and $0.5066. Subsequent waves 3, 4, and 5 formations would then see XRP tearing past $0.6649, $0.7707, and $0.9191. Analyst Dr. Profit also noted the potential of inflows rushing into XRP in the next 30 to 60 days. The analyst divulged that he bought 500,000 recently while calling XRP the “next shining bull.” In the spirit of bullish countenance, a popular Bitcoin day trader recently disclosed that his father sold his house for $800,000 and allocated the proceeds to purchase XRP. Although this might seem very daring and unbelievable, it emphasizes the vast amount of optimism among some XRP investors. XRP rises to $0.53 | Source: XRPUSD on Tradingview.com Featured image from CryptoRankl, chart from Tradingview.com

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XRP Could Surge To $60 Overnight Using SWIFT Model, Expert Says

Author: Jake Simmons

United Kingdom

Source: NewsBTC

Oct 11, 2024 12:05

XRP Could Surge To $60 Overnight Using SWIFT Model, Expert Says

Levi Rietveld, a popular crypto analyst with 122,000 followers on X, has released a new video detailing how XRP could potentially surge to $60 overnight by capturing a fraction of SWIFT’s transaction volume. XRP will hit $60 overnight with this SWIFT news! Here’s the math!! he teased via X. How XRP Could Skyrocket To $60 Overnight In his analysis, Rietveld delves into the mechanics of SWIFT, the global financial messaging network that processes a significant portion of international payments. He highlights that SWIFT handles approximately $7 trillion per day, amounting to about $1.5 quadrillion annually. “If XRP was to eat into just 5% of SWIFT’s business, it would allow an increase of 1,252 times in volume for XRP compared to what we are seeing right now,” Rietveld explains. “This could translate into an over 9,000% increase for XRP, potentially pushing its price to around $50 per coin.” Related Reading: XRP Price Set To Soar Past $5.85, Predicts Crypto Analyst Rietveld further extrapolates that if the cryptocurrency were to capture 10% or 20% of SWIFT’s volume, the cryptocurrency’s price could soar to $100 or even exceed $200 per coin, respectively. “The amount of price impact that we are able to see for XRP if we eat into just a very small portion of SWIFT’s overall volume is insane,” he emphasizes. He argues that the crypto asset offers significant advantages over traditional SWIFT transactions, including faster settlement times, lower fees, and the elimination of the need for banks to hold large reserves in multiple currencies. “It’s cheaper, it’s faster, it’s more reliable, and it costs businesses a lot less money to use overall because they don’t need to hold these massive reserves of every single currency that existsthey just hold XRP,” Rietveld notes. Related Reading: XRP Will Jump 75% If It Holds Current Demand Level Details Rietveld also discusses the potential for a supply shock if institutions begin accumulating the crypto asset. He points out that a substantial portion of the token is locked in escrow, and institutional demand could exceed the available public supply. “That’s not enough, frankly speaking. That’s not enough XRP for all these institutions, so they’re going to have to buy from the public supplythe XRP that me and you are buying,” he says. “With how limited the XRP supply is already, it’s going to allow us to see XRP’s price just catapult to levels never seen before.” Looking ahead, Rietveld is optimistic about long-term prospects. “I could literally see this thing going to $200 per coin very easily, and I think this is something that we could actually see happen within the next 10 yearsnot in the next five, but in the next 10 years,” he predicts. “This next year, though, I do think that XRP is going to be going above $10not a doubt in my mind.” $XRP WILL HIT $60 OVERNIGHT WITH THIS SWIFT NEWS! Here’s The Math!! pic.twitter.com/lbQPeSVD3j Levi | Crypto Crusaders (@LeviRietveld) October 9, 2024 At press time, XRP traded at $0.5266. Featured image created with DALL.E, chart from TradingView.com

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