Recently, a renowned figure in the crypto analysis sphere, CrediBULL Crypto, has spotlighted XRP with a bullish prediction. According to the analyst, XRP is on the verge of a significant rally that could surge its value against Bitcoin in the coming period.
XRP Price: Anticipating The Surge
CrediBULL Crypto has been closely monitoring XRP’s movements against Bitcoin. Through analysis, he observed an interesting trend within the XRP/BTC trading pair that suggests an upcoming uptick.
The key to this prediction is identifying an accumulation phase happening at a lower timeframe within a higher demand zone. This pattern is not new to the analyst, who has identified similar trends.
The insights provided by CrediBULL Crypto indicate a potential 15-20% rally for XRP against Bitcoin in the near term. Should the altcoin break through the next major resistance, which is pegged 35% higher, the analyst believes this could trigger a surge, rewarding investors with returns exceeding 100% against BTC.
Topped up the $XRP position here for the 4th time- USD and BTC pairings are in sync. Within our larger, HTF zone of demand we now have a lower TF accumulation base formed, a confirmed D3 bull div, and if we close here in about 8 hours we will have a double D3 bull div.
At the… https://t.co/lgJeQfLXvG pic.twitter.com/YV7aelYtwT
— CrediBULL Crypto (@CredibleCrypto) March 18, 2024
A week before this bullish forecast, CrediBULL Crypto had already increased its position on the XRP/BTC pair, driven by an “RSI divergence” observed on the 3-day chart. Such divergences are often harbingers of a significant market turnaround, suggesting that the altcoin had entered a pivotal region ripe for a bullish reversal.
XRP’s Foundation For Growth
The potential for XRP isn’t just a matter of speculative trading. Other market experts have highlighted the cryptocurrency’s fundamentals. Zach Rector, a prominent voice within the crypto community, has also recognized the altcoin’s potential.
By drawing parallels with Bitcoin, Rector points out the foundation of XRP and the XRPL, setting the stage for XRP’s significant impact in the next market upturn.
Analyst Dark Defender also sees a bright future for the altcoin, predicting a climb to the $1.33 price level as an immediate target. Moreover, he suggests that reaching the $1.88 and $5.85 Fibonacci targets in the forthcoming weeks is well within the realm of possibility
Hi all. #XRP had the break-out yesterday, as we expected.
In the Monthly Time Frame, it is obvious the move has #started.
The huge Resistance of $0.6649 is broken in the Daily, & #confirmed
$0.6649 will be Confirmed for the Weekly & Monthly Frames.
Our targets are closer… pic.twitter.com/pgSJmfT0s6
— Dark Defender (@DefendDark) March 12, 2024
Meanwhile, despite facing a downturn with a 13% decline, followed by a further 1% drop in the last 24 hours, the altcoin’s trading price remains resilient at $0.6.
XRP price is moving sideways on the 2-hour chart on TradingView.com
Featured image from Unsplash, Chart from TradingView
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Go to Source
Author: Samuel Edyme
