Giant XRP Prediction from Bitcoin Trader: 244.61% Rally Possible, Here is the Expected Date!

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A prominent Bitcoin trader shared his predictions about the trajectory of the XRP coin in the coming days amid the developing bull season. In this context, it set a rally target of 244.61%.

Crypto Analyst predicts that XRP may rise to around $2 in the coming months. These predictions reflect growing optimism about the near-term performance of the XRP coin.

Giant Rally Prediction from Analyst

An analyst known by the pseudonym Bitcoin trader Crypto Scofield drew attention to the upcoming price movements of XRP in his latest post.

Crypto Scofield shared a chart showing XRP’s formations over the last week and revealing the asset’s progress since its peak in the 2021 bull season. The chart shows that the candlestick patterns, especially since XRP’s 2021 peak, have formed a triangle. This development is interpreted as a positive sign by analysts. In this context, it points to a potential breakout soon.

Crypto Scofield identified two potential breakout targets for XRP. The first scenario suggests an increase to $1.2155 based on a successful breakout from the established downtrend. On the other hand, the analyst expects XRP to approach the $2 threshold. Specifically, he set his target at $1.9054. determines.

XRP’s increase from its current market cap of $0.5529 to $1.9054 implies a potential growth rate of 244.61%.

XRP coin peaked at around $1.8 in 2021. It last reached $1.9 during the explosive growth period in late 2017 and early 2018.

It is noteworthy that the analyst did not specify a specific target timeline for XRP to regain $1.9. However, another technical analyst argued that XRP could provide a threefold increase to its holders this bull season. This reflects a different perspective that shows the future potential of XRP.

There are other analysts who set a target above $1 for the XRP coin. Recently, a Bitcoin day trader disclosed parts of his XRP portfolio showing a balance of 180,738 XRP worth $102,746.

This Bitcoin day trader announced his intention to make some profit on his XRP holdings once the price reaches the $3 to $7 range.

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Source : The Crypto Basic


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