As a notable development, Ripple’s XRP The coin has experienced an upward trajectory, breaking through a key 7-month resistance level. It is currently eyeing the $0.75 level. This development managed to bring together token holders during the FUD period within the community.
According to the data, the XRP price is currently at $0.6274. This indicates an increase of 17% last week. altcoin It currently has a 24-hour trading volume of $2,348,282,744. In the midst of this bullish move, one analyst voiced his predictions.
Before this breakthrough, a crypto- analyst shared a prediction on X. The analyst highlighted two key indicators observed before previous significant XRP surges. A bounce from the multi-year trend line and the creation of a MONTHLY “Engulfing Candle close”. Ripple community eagerly awaits updates, with analyst highlighting the importance of following reliable charts amid the chaos waiting.
#XRP – Oh boy… Monthly close today. Last two times $XRP did the following, it went 🚀📈!!
NEWS CONTINUES BELOW1. Bounce off the multi-year trendline
2. Created a MONTHLY “Engulfing Candle close”!RT/Like for Monthly close update!
(Patreon/Discord – 5 different XRP chart will be posted tonight!)… pic.twitter.com/9angsftlEPNEWS CONTINUES BELOW— JD 🇵🇭 (@jaydee_757) February 29, 2024
Encouraged by the positive response to his initial prediction, the analyst attempted to make another bold statement. Expressing his surprise, the analyst considered the possibility of an XRP boom in six years, considering it a potentially huge development.
#XRP – *Gasp!* A breakout after 6-years? Is this FOR REAL? 😱😱
If so, this will be MASSIVE!
RT/Like for updates next week if the breakout will be confirmed after weekly close! $XRP #XRPArmy #XRPCommunity
We will “NOT know what we hold 🤦♂️😂🤣” and take calculated profits! pic.twitter.com/5fTUs0ZPgq
— JD 🇵🇭 (@jaydee_757) March 2, 2024
Whether these predictions mark the beginning of a significant comeback for the altcoin will become clear over time, as anticipation grows in the XRP community. Is this the beginning of the promised prosperity for both crypto and its community?
Source : Crypto News Land