22.8 C
Manchester
July 18, 2024
BTC Hunts
Image default
Bitcoin

XRP Price Prediction: XRP Price Is Poised to Hit $4, Says Top Crypto Analyst

The post XRP Price Prediction: XRP Price Is Poised to Hit $4, Says Top Crypto Analyst appeared first on Coinpedia Fintech News

Renowned  Bitcoin analyst Mikybull has caught the attention of the cryptocurrency community with his bold prediction for XRP. According to Mikybull, a significant bullish tide is on the horizon for XRP, which could potentially push its value above the $4 mark. 

This forecast comes amidst a growing surge in XRP’s price, which currently stands at $0.6145, as there’s been a slight uptick in its value.

XRP Bulls Eyeing $4

In a recent analysis, Mikybull compared XRP’s current market conditions to past bull cycles, particularly focusing on trends seen in late 2017 and 2021. Based on historical chart patterns, he suggests that XRP may be gearing up for a major breakout, potentially leading to significant gains.

Mikybull’s chart indicates that XRP’s current trajectory mirrors previous patterns that resulted in substantial price increases, such as its surge to an all-time high of $3.84 in January 2018.

Moreover, Mikybull previously set a $6 target for XRP, based on symmetrical triangle formations observed in its charts. He believes that XRP’s breakout from these patterns could drive it to new highs, with $6 as a specific target.

While Mikybull hasn’t provided a precise timeline for this bullish momentum, he remains confident that it will occur before the current bull market phase ends.

Also Check Out : Crypto Market Live: BTC Price Drops Below $70,000, While CKB and TAO Maintain a Bullish Streek

Best Buying Opportunity For XRP

Adding to the optimism surrounding XRP, prominent crypto trader Barric shared his perspective on XRP’s long-term value, suggesting that XRP price below $0.80 presents a favorable buying opportunity. However, Barric predicts a shift in perception as the bull run progresses, with prices between $1 to $3 being considered affordable by its conclusion. 

Looking ahead to future halving and bull run periods, Barric predicts that XRP could see substantial appreciation in the coming years, with potential price targets ranging from $10 to $500 by 2032-2033.

XRP Price Analysis

As of now XRP, XRP is trading at $0.61, reflecting a slight increase in the last 24 hours. Moreover, the trading volume has surged by 20%, reaching $2.38 billion, while its market cap stands at $33.7 billion.

Related posts

Bullish Case Emerges for Bitcoin, This is When Undervalued BTC Price May Hit $80,000

David Bradley

Will PEPE Reach The $10B Market Cap This June?

David Bradley

Pepe Triggers a Massive Rebound; Will FLOKI Follow a Bullish Trend & Soar by 20%?

David Bradley