XRP Price Poised for Massive Rally, Crypto Analysts Say
XRP price has been performing well recently, and crypto analysts believe the digital asset could be on the verge of a massive rally. Here are the key points:
– CryptoInsightUK, a pseudonymous analyst, pointed out the similarities between XRP’s price trend in 2017 and 2023, indicating a possible repeat of a bullish rally.
– In both charts, XRP was able to reclaim the 20-day and 50-day Simple Moving Averages (SMAs), a rare occurrence for the altcoin on the BTC chart.
– Another analyst, @DefenderDark, expects the price of XRP to rise as high as $3.
– However, the forecast includes a potential initial decline to $0.58 before the rally.
– XRP has gained attention since a US judge declared that secondary sales of the asset on exchanges didn’t qualify as securities, removing a lawsuit’s weight and increasing the chances of reaching a new all-time high.
In conclusion, XRP’s recent performance and the positive outlook from crypto analysts suggest that the digital asset could experience a significant rally in the near future.
By
By
By
By
By