While the crypto world has been experiencing major fluctuations lately, analysts are getting louder predicting a promising future for the popular altcoin Ripple (XRP). One of these analysts, Alan Santana, explained that the XRP price continues to rise and sees signs of a bright future for the token. Santana reiterated his predictions as the recent price increases in the crypto market seem to confirm his earlier prediction.
Previous XRP Forecast
Santana shared his previous prediction on October 13. At the time, XRP was trading at around $0.48, and the United States Securities and Exchange Commission (SEC) still seemed ready to continue its legal battle with Ripple.
In his previous statement, the chartist stated that XRP was at a discounted price at that moment and that it was the right time for accumulation. He made another statement on October 16, stating that XRP still has strong growth capacity.
Finally, on October 20, after the SEC withdrew all bets against Ripple, marking another victory for XRP, Santana stated that the victory would put XRP on the path to a 150% rally.
At press time, XRP is trading at $0.54; This shows that the altcoin is up approximately 12.5% from the previous price level of $0.48. While this percentage increase still seems far from the increase suggested by Santana, this could still be noted as incremental progress.
What’s next?
A 150% increase over XRP’s previous price of $0.48 would mean that the XRP price would rise to the $1.2 price level.
In his current statement, Santana stated that XRP is gaining momentum. He used the following statements in his post:
“XRP shows zero signs of weakness; In fact, all signals in the time frames become stronger when it comes to the bullish side.”
Santana added that everything is ready for a potential rally, it is up to the market to do its own thing and produce the expected continuation. Referring to the conversations he shared, the crypto expert said:
“Just like the chart managed to predict a Ripple win and the massive XRP rally before it happened… The chart says once again: Forget the skeptics, a higher top is coming!”
You can follow the current price movement here.