Crypto analyst David predicts that XRP is poised for a potential 50 percent rally. Analyst Valdrin Tahiri expects a bullish move from NEAR. The analyst nicknamed Inmortal names 2 altcoins for which he expects a bull run.
XRP price prediction: Altcoin is preparing for a 50% increase
XRP price has been declining since it was rejected by long-term resistance at $0.91 during the week of July 10-16 (red arrow). This move caused the price to fall below the critical price zone of $0.56, which has served as support and resistance since July 2021. However, the altcoin price has held the key level of the uptrend at $0.47 since the beginning of 2023. This shows that the trend is still upward. It also means that any decline is considered a correction.
As a matter of fact, the XRP price later recovered. Thus, it broke above the important $0.56 region with a major bullish candle during the week of October 30 – November 5. It then confirmed this area as support for the past 3 weeks (green arrow). This shows that the previous decline was just an aberration (green ellipse). This is usually followed by strong upward movements. The weekly RSI is above 50 and is sloping upwards. This supports further upside potential. If the uptrend continues, the key resistance zone to watch is $0.91, which is 46.06% higher than the current price.
The most likely scenario shows that the XRP price will continue to rise in the near future. The nearest target is $0.73. Additionally, there is also the potential for the altcoin price to reach $0.91. However, this bullish view will be invalidated if the price breaks and closes below the 0.5-0.618 Fibonacci retracement support zone at $0.57-0.60 on the daily time frame.
NEAR price prediction: What’s the next move?
Similar to the weekly time frame, the daily time frame chart also gives a bullish outlook. This is due to price action and RSI data. Price action shows that despite the initial rejection (red icon), NEAR broke out of the 0.618 Fib retracement resistance level on December 4. This is a sign that the upward move is not corrective. The daily RSI is in an uptrend as it has broken out of the downtrend trend line (green). In addition, it is increasing and above 50.
Cryptocurrency trader ZaykCharts is extremely bullish on future price expectations. And an analyst nicknamed Osbrah agrees. But he uses a shorter-term chart to reach his conclusion. If NEAR continues its upward move, it is possible for the altcoin price to rise another 15%. In this case, NEAR will reach the horizontal resistance at $2.70.
Despite this bullish NEAR price prediction, a decline below the 0.618 Fib level at $2.13 would mean that the upward move has been completed. Afterwards, the altcoin price is likely to drop to $1.80 with a 25-point pullback.
SOL price prediction: $360 price path for altcoin!
Popular analyst with the nickname Inmortal predicts that Solana (SOL) will skyrocket to ATH levels within the next year. In this direction, the analyst shared a chart predicting that SOL will rise to $ 360 at the beginning of 2025. Inmortal’s chart shows that SOL will rise to around $100 towards the end of this year. After that, it predicts it will realize most of its gains in the second half of 2024.
At press time, SOL was trading at $63.33. The altcoin increased by 2.43% in the last 24 hours. Meanwhile, the Ethereum rival’s all-time high is around $260, reached in November 2021.
LTC price prediction: It will enter the new year at $90!
The analyst next looks at peer-to-peer (P2P) payment network Litecoin (LTC). Inmortal predicts that the altcoin price will jump to around $90 in early 2024. LTC was trading at $73.83 at the time of writing. This means an increase of approximately 22% for LTC.
The predictions in the article belong to the analysts and are definitely not investment advice. cryptokoin.com We strongly recommend that you do your own research before investing. We also recommend that you keep in mind the highly volatile and risky nature of the crypto market.
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