Show

<p>XRP, the digital currency that has been making waves in the crypto space, is currently undergoing a significant retest that has caught the attention of traders and enthusiasts alike. This retest aligns with a major trendline dating back to 2022, marking a crucial point for potential entry into the XRP market.</p> 
<p>A prominent trader, Tolberti, recently <a href="https://www.tradingview.com/chart/XRPUSDT/yQ2VQ2Gs-XRP-Time-to-buy-for-a-500-profit-now/" target="_blank" rel="noopener noreferrer nofollow">shared</a> an analysis of XRP on Tradingview stating that it is the time to buy XRP for a 500% profit.</p> 
<p>The key feature of this trendline is that it’s a part of an ascending parallel channel on the daily chart, lending additional strength to the support level. This type of alignment often indicates a favorable buying opportunity, and for those who recognized it and made the move, congratulations are in order.</p> 
<figure class="wp-block-image size-large"> 
 <img decoding="async" loading="lazy" width="1024" height="368" src="https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-1024x368.png" alt="" class="wp-image-309704" srcset="https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-1024x368.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-300x108.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-766x275.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-1536x552.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-2048x735.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-418x150.png 418w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-975x350.png 975w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311-788x282.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/08/image-311.png 1671w" sizes="(max-width: 1024px) 100vw, 1024px"> 
</figure> 
<p>A deeper look at the analysis reveals the impact of the 0.618 Fibonacci retracement on the logarithmic scale. Remarkably, this level was almost hit precisely to the dollar, a remarkable occurrence for traders who managed to seize this opportunity. Transparency in sharing trades and private setups is a hallmark of the approach, enhancing the value of the analysis.</p> 
<p>Volume indicators are a crucial factor to consider, and in XRP’s case, the bullish volume has been overwhelmingly strong since the downtrend ended in 2022. This positive volume trend bodes well for XRP’s potential to surge to higher levels in the coming weeks and months, instilling optimism among the XRP community.</p> 
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:"> 
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"> <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i> 
  <div class="rh-colortitle-inbox-label"> 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Unibot: Trading Intelligence that Makes You 7x More Successful! 
  </div> 
 </div> 
 <div class="rh-colortitlebox-text"> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px"> 
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a5.png" alt="💥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Discover the edge in crypto trading with <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true">Unibot</a> – a user-friendly Telegram bot that boasts a 35% profitability rate amongst users, seven times higher than the average trader (only 5% of traders are profitable)! <br><br>Experience top-notch features like decentralized copytrading, DEX-based limit orders, and protection against MEV bots. <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Unibot" href="https://captainaltcoin.com/go/unibot/" data-shortcode="true"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Click to connect with Unibot <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"></a>! </p> 
    <p></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The burning question on everyone’s mind is the profit target and when to take it. To answer this, a comparison of XRP and BTC’s market caps is essential. As of now, XRP’s market cap stands at approximately $33 billion, while BTC’s market cap is a staggering $574 billion, a significant difference. Considering this, there’s a theoretical room for XRP to make a 1500% profit and still maintain its position as the second-largest cryptocurrency. A more conservative approach, considering the possibility of a consolidation period before a major pump, would be to aim for a 500% profit.</p> 
<p>From an Elliott Wave perspective, the setup is robust, showcasing a nest (1-2-1-2) pattern, which signifies a bullish base. The anticipation is now focused on the completion of the 3rd wave, a move that could hold substantial implications for XRP’s trajectory.</p> 
<p>XRP’s recent victory in the SEC case has undoubtedly buoyed the coin’s performance, leading to a remarkable 100% pump within a few days. The positive impact of new developments cannot be understated, and with this momentum and a favorable technical setup, there’s a compelling case for XRP’s continued upward trajectory.</p> 
<p>In conclusion, the current retest, combined with bullish indicators and positive market developments, paints a promising picture for XRP. Traders and investors are paying close attention, and as the market evolves, the outlook for XRP seems to be one of cautious optimism.</p> 
<p><em>Join us on <a href="https://www.facebook.com/captainaltcoin" data-type="URL" data-id="https://www.facebook.com/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow"><strong>Facebook</strong> </a>and <strong><a rel="noopener noreferrer nofollow" href="https://twitter.com/CaptainAltcoin" target="_blank">Twitter</a></strong> for the latest insights and discussions in the world of crypto.</em></p> 
<p><em>Explore our <strong><a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank">new</a><a href="https://captainaltcoin.com/tag/news/" data-type="URL" data-id="https://captainaltcoin.com/tag/news/" target="_blank" rel="noopener noreferrer nofollow">s section</a></strong> and stay ahead of the curve with our expert <strong><a href="https://captainaltcoin.com/predictions/" data-type="URL" data-id="https://captainaltcoin.com/predictions/" target="_blank" rel="noopener noreferrer nofollow">price predictions</a>.</strong></em></p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/xrp-set-to-soar-500-says-leading-crypto-expert-citing-ripple-outlook/">XRP Set to Soar 500% Says Leading Crypto Expert, Citing Ripple Outlook</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

XRP Set to Soar 500% Says Leading Crypto Expert, Citing Ripple Outlook

CaptainAltcoin

Other articles published on Aug 10, 2023

Two-thirds of UK crypto firms skip vital ‘know your business’ checks

BIS Launches Cross-Border Payments Task Force with Ripple!

Binance Futures Launches BNT/USDT Trading Pair with Leverage of up to 20x

Pourquoi les gestionnaires ont du bitcoin ?

Pre-registration for IcarusM: Guild War is now available!

Ripple and DigiToads rising, investors bullish

Join our free newsletter for daily crypto updates!