Despite impressive price action for XRPthis crypto analyst predicted that the crypto token could witness: God’s candle which will raise its price to an unprecedented level. The analyst also suggested when this parabolic move will occur.
The price of XRP will soon rise to $30
DustyBC cryptocurrency analyst shared the chart on his X (formerly Twitter) platform in which he predicts that XRP will experience a God candle that will send its price to 30, which is approximately a 4000% enhance in the price of the crypto token. Interestingly, the cryptocurrency token suggested that this move would happen later this year.
DustyBC forecasts are based on: symmetrical triangle, showing how XRP has been consolidating for years and is well positioned for a breakout. Given the length of this consolidation (since 2017), the analyst believes that such parabolic growth is possible. CasiTrades cryptocurrency analyst also believes that XRP may see such price increases.
She mentioned in Post X that XRP will soon “complete its 2,245-day triangle,” which could represent the opportunity of a lifetime. She had previously raised the possibility of XRP rising to as much as $80 after breaking out of the consolidation triangle. CasiTrades also recently mentioned that XRP has strengthened even more over the past few days, claiming that a breakout is imminent.
Cryptocurrency analyst too alluded to to “interesting” XRP Relative Strength Index (RSI) as another reason to be bullish on the cryptocurrency token. She admitted that the price of XRP has not changed much, but noted that there are signs of an imminent breakout.
Cryptocurrency analyst Egrag Crypto Also recently revealed that XRP’s RSI dropped to an all-time low, while highlighting how favorable this was for the crypto token. XRP currently has a low RSI, which suggests that the cryptocurrency is undervalued and may soon rise to reach its fair value. Meanwhile, Egrag has mapped out two paths that XRP could take once the price target reaches $7.50.
XRP will soon make a name for itself
Crypto analyst Javon Marks recently suggested that XRP will soon go parabolic, stating: “If XRP hasn’t made a name for itself yet, it looks like it will do so now.” He made this declaration, revealing, among other things, Hidden bullish divergence that formed on the XRP chart. He claimed that XRP has seen a price enhance of over 63,000% in less than a year when the setup last appeared on the charts.
The cryptocurrency analyst added that such a price enhance is possible again, with XRP currently at a tipping point. Marx had previously predicted that XRP could enjoy a 33,000% price enhance, surpassing $200.
According to the data, at the time of writing, XRP is trading at around $0.52, showing an enhance over the last 24 hours. data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com
