XRP Could See Significant Price Surge, According to Crypto Expert
A crypto expert recently highlighted an indicator that suggests XRP may experience a significant price surge in the near future. This will be welcome news for the XRP community, which has been concerned about the cryptocurrency’s recent price action.
XRP Forming a Bullish Pattern on the Charts
In a post shared on his platform, crypto researcher ABS of the 3T Warrior Academy pointed out that XRP could be forming the largest bull flag in crypto history. This speculation is based on a monthly chart that he shared, which shows a clear bull flag formation.
The expert also noted that XRP has been trading below its all-time high for over 2,000 days. He suggested that this could be due to the label of “unregistered security” placed on it by the SEC.
Brighter Days Ahead for XRP
Despite these challenges, ABS remains bullish on XRP and believes there are brighter days ahead for the cryptocurrency. He mentioned that XRP has gained regulatory clarity and expects positive developments in the future.
Another analyst also highlighted a similar pattern on the charts, suggesting that XRP could reach $25 in price.
XRP Price Prediction
Many in the community share these optimistic predictions. ABS conducted a poll asking his followers about their peak price target for XRP when the breakout occurs, and most respondents believe it will exceed $22.35.
Crypto analyst Egrag Crypto emphasized patience as the XRP community awaits a significant rally from the cryptocurrency. He predicts that XRP’s long-awaited price surge will happen in 2024, reaching over $1.50 before experiencing a temporary decline to $0.7. However, he expects XRP to rise again in June 2024.
Hot Take: XRP’s Promising Future
XRP has the potential for a significant price surge, as indicated by a crypto expert. The formation of a bullish pattern on the charts suggests a positive sentiment for XRP. Despite trading below its all-time high for an extended period, there is optimism that XRP will overcome regulatory challenges and experience brighter days ahead. Other analysts also predict a bullish trend for XRP, with price targets exceeding $22.35 and even reaching $25. Patience is key for the XRP community as they await a significant rally, projected to occur in 2024. Overall, the future looks promising for XRP.
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