Analyst Reveals How XRP Price Can Reach $20

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As a seasoned crypto investor with over a decade of experience in this volatile market, I find these predictions intriguing but not without a pinch of salt. While CrediBULL Crypto’s $20 target for XRP seems ambitious, his analysis based on the XRP/BTC chart does hold some merit. If we consider the historical patterns and the potential for Bitcoin to continue its bull run, it’s plausible that XRP could indeed enjoy a parabolic rally.

As a diligent researcher delving into the realm of cryptocurrencies, I’ve come across an intriguing prediction by CrediBULL Crypto suggesting that the price of XRP could surge to $20 in this market cycle. In his comprehensive analysis, he elucidates a plausible scenario where XRP might experience a parabolic rally, propelling it into the double digits.

How XRP Price Can Reach $20

In a recent post on platform X, well-known crypto analyst CrediBULL Crypto shared his insights on how the price of XRP could potentially reach $20. This prediction is based on his examination of the XRP/BTC chart. The chart he provided emphasizes the importance of the $2 range as a potential support level that needs to be established for XRP to kick off its journey towards a new record high (ATH) and the $20 goal.

According to CrediBULL Crypto’s analysis, if XRP can hold as a support level in the specified red zone, it may surge into double-digit figures rather swiftly. He also emphasized that an all-time high for XRP against Bitcoin is not a question of ‘if’ but ‘when’. At current Bitcoin prices, a new all-time high on the XRP/BTC pair could potentially ignite a steep upward trend, possibly reaching $20.

Despite the crypto analyst’s suggestion for patience, XRP is making an effort to surpass the $2 mark and initiate a steep upward trajectory. Earlier in his analysis, he identified the red area on the graph as a significant barrier for XRP’s price increase. Yet, he remains optimistic that XRP may continue its ascent on the USD chart (ranging from $1.5 to $2) while it endeavors to break through the $2 resistance on the Bitcoin chart.

Experienced investor Peter Brandt also recently expressed a positive viewpoint for XRP. Similar to CrediBULL Crypto’s assessment, the seasoned trader believes that if XRP manages to surpass its 2021 peak of $1.60, it could initiate a steep upward trend, reminiscent of a parabolic rally.

Price To At Least Touch $12

Cryptocurrency expert Egrag Crypto proposed a more cautious estimate for the price of XRP, suggesting it could reach approximately $12. This prediction was made by analyzing the XRP/BTC chart, where Egrag noted that XRP/BTC has recently surged near the ‘Atlantic and Pacific line.’ This specific point, according to him, indicates a strong bullish trend.

The analyst added that if the weekly candle closes above $1, it could transform a significant resistance level into a support level. He suggested monitoring the potential resistance level lying between $3 and $4. If the price manages to close above this range, it would pave the way for an extremely bullish trend in XRP’s value, as stated by the analyst.

Following suit, he emphasized that this ongoing cycle aims to reach an approximate peak of around $12, a point which he believes could significantly alter the dynamics of the game. As per Egrag Crypto’s latest forecast, such a surge towards $4 might occur imminently as CRP has already surpassed its 2-year maximum value by breaking above $1.

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2024-11-19 22:40