XRP has appreciated by over 41% in the last 30 days at the time of writing but this top crypto analyst believes this double-digit gain could be the start of a bigger rally in the price of the Ripple-affiliated token.
According to Ali who shared his chart analysis in a Tuesday tweet, XRP would stage a 47% price gain to reach $0.76 if certain conditions are met. This requirement includes XRP’s price consolidating above the $0.54 resistance level in a 3-day candlestick.
He added that smashing the $0.76 price level would be the catalyst for XRP to reach $0.8 which it last reached in April 2022.
“XRP may be on the brink of a 47% surge if it secures a 3-day candlestick close above $0.54. A successful breakout could catapult #XRP to $0.80!” Ali wrote. At the time of this forecast, XRP was trading for $0.8153 per coin.
It bears noting that after several months of trading at the bottom of the chart, XRP broke the $0.54 major resistance, surpassing $0.58 before the bears pushed it down to $0.48 last weekend.
Overall, these recent XRP price predictions from several top analysts including Peter Brandt emerge as the Ripple-SEC lawsuit seems to be winding down with members of the XRP community hopeful for a win.
Recall that veteran investor Brandt noted that XRP would get to $3 per coin by the end of 2023, citing a rare fulcrum bottom formation. On the other hand, Egrag Crypto and Dark Defender showed a possible trajectory that could take XRP to $27 and $133 respectively. As published, the widely followed Youtuber Ben Armstrong stated that XRP would be the top performer in the next bull run.
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