In spite of the unimpressive XRP price actionhas this crypto analyst predicted that the crypto token could witness a God’s candle causing the price to rise to unprecedented heights. The analyst also suggested when this parabolic move will occur.
XRP price rises to $30 soon enough
Crypto analyst DustyBC shared a graph on his X (formerly Twitter) platform in which he predicts that Interestingly, the crypto token suggested that this move will happen sometime this year.
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DustyBC’s prediction is based on a symmetrical triangle, which shows how XRP has been consolidating for years and is well poised for a breakthrough. Considering how long this consolidation has lasted (since 2017), the analyst believes such a parabolic rise is possible. Crypto analyst CasiTrades also thinks that XRP can make such price gains.
She mentioned in one X message that XRP is about to “complete its 2245-day triangle,” which could be an opportunity of a lifetime. She had earlier raised the possibility that XRP could rise as high as $80 if it breaks out of the consolidation triangle. CasiTrades also recently mentioned that XRP had consolidated even further in recent days, claiming a breakout was imminent.
The crypto analyst too alluded to to XRP’s “interesting” Relative Strength Index (RSI) as yet another reason to be optimistic about the crypto token. She acknowledged that the price of XRP has not changed much, but noted that there are signs of an impending breakout.
Crypto analyst Egrag Crypto Also recently unveiled that XRP’s RSI has fallen to its lowest point in history, while highlighting how bullish this was for the crypto token. XRP currently has a low RSI, which indicates that the crypto token is undervalued and could rise quickly enough to reach its fair value. Meanwhile, Egrag mapped out two paths that XRP could follow as it rises to a $7.5 price target.
XRP is about to make a name for itself
Crypto analyst Javon Marks recently suggested that XRP is about to go parabolic, saying, “If XRP hasn’t made a name for itself yet, it certainly looks like it will now.” He made this statement while holding a Hidden bullish divergence that had formed on the map of XRP. He claimed that XRP saw a price gain of over 63,000% in less than a year, the last time this setup appeared on the charts.
The crypto analyst added that such price gains are possible again as XRP is currently at its breaking point. Marks had previously predicted that XRP could enjoy a 33,000% price gain, taking it above $200.
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At the time of writing, XRP is trading around $0.52, up in the past 24 hours. facts from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com