Get Ready For Liftoff: XRP Set For 20% Surge Against Bitcoin, Predicts Analyst
20 März 2024 - 1:00AM
NEWSBTC
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. Related Reading:
Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull
Market 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. Related Reading: XRP
To Skyrockets To $1.33 Amidst April Rally: Analysts 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.
Featured image from Unsplash, Chart from TradingView
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