With the bull season almost upon us, most cryptocurrencies seem to be gathering momentum for a remarkable price increase. XRP is not left out of this frenzy as it also seemed to be consolidating for a potential boost in price.
Remarkably, XRP has been on a rollercoaster of bullish price predictions by most market analysts. In a recent analysis, a crypto investor on the X app projected XRP’s impending price breakout that could see it achieve new price highs.
Read Also: XRP Price Forecast: Unusual Bent Fork Pattern Signals Potential 2,842% Rally to $15
Notably, this crypto investor with the pseudonym “Single Bar Method” tweeted that the anticipated XRP pump will occur in a matter of hours and will be on a short-term basis.
$XRP #XRP Update for 12.27.23
— Signal Bar Method (@SignalBarMethod) December 28, 2023
I wanted to be clear on why I see a MONSTER XRP pump coming in most likely, HOURS, not days.
We are so damn close I can taste it. Such a juicy setup. It doesn't get much better than this. The daily isn't super super beautiful but, It's really nice. pic.twitter.com/sI6ZuFsRVw
XRP’s Latest Analysis Description
According to the latest analysis, XRP’s chart was described in the attached video to be coiled tightly and ready for explosion.
Describing the candle on the moving averages on XRP’s price chart, the analyst noted the candle to be all set for the rally that could play out soon.
The market analyst failed to mention a specific timeline for the pump. However, he seemed confident that it could play out any moment from now.
Meanwhile, on a closer inspection of the price chart, all indications appear to corroborate the crypto trader’s claim. But with events in the crypto trading space, it is safe to say that nothing is assured, especially with crypto asset prices.
For now, crypto enthusiasts, especially the XRP army, are encouraged to be vigilant and steadfast in anticipation of the most favorable outcome.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Analyst Who Predicted Current XRP Price Breakout Shares Insights on What Lies Ahead
XRP Projected To Hit $2,500
Per a recently published story, renowned crypto analyst and XRP advocate Egrag Crypto shared his conversation with a top banker.
Intriguingly, their discussion was centered on XRP and how it could go on to achieve significant price highs. A whopping $2,500 price target was considered a potential price target, with Egrag explaining why the price target seemed probable to be a possibility in the long term, citing historical trends.
Meanwhile, XRP is changing hands at approximately $0.63, reflecting a 2% decline, at the time of drafting this report. With 2023 almost concluding, XRP has shown a remarkable 81.8% improvement from what was obtainable last year. It is left to see how events unfold in the long run.
Follow us on Twitter, Facebook, Telegram, and Google News
