TA Expert Predicts 47% Surge in XRP Price. Here’s His Timeline

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.

Follow us on Twitter, Facebook, Telegram, and Google News