Parabolic

<p><a href="https://www.newsbtc.com/analysis/xrp/xrp-price-5200-impulse-bitcoin/">The XRP price keeps being projected</a> to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally.&nbsp;</p> 
<h2 id="three-determinants-for-a-parabolic-move">Three Determinants For A “Parabolic Move”</h2> 
<p>In a <a href="https://x.com/jaydee_757/status/1729388869953716487?s=20" rel="nofollow">post</a> shared on his X (formerly Twitter) platform, crypto analyst JD noted that <a href="https://bitcoinist.com/xrp-rally-whales-drive-token-to-3-month-high/" rel="nofollow">XRP’s</a> monthly was coming. He went on to state three things that “need” to happen if XRP is to see a <a href="https://bitcoinist.com/why-xrp-price-will-reach-27/" rel="nofollow">massive rally</a>. The first factor he highlighted was the Stochastic Relative Strength Index (SRSI). He stated that there has to be a bullish cross on the SRSI.</p> 
<p>The SRSI is a technical indicator that is generally used to forecast market trends. It measures the strengths and weaknesses of the <a href="https://bitcoinist.com/xrp-momentum-smashes-above-six-year-long-rsi/" rel="nofollow">relative strength indicator</a> (RSI). It is from this RSI it also derives its value from.&nbsp;</p> 
<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-562985 aligncenter" src="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP-price-2.png?w=460&amp;resize=460%2C249" alt="XRP price" width="460" height="249" srcset="https://www.newsbtc.com/wp-content/uploads/2023/11/XRP-price-2.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2023/11/XRP-price-2.png?w=460&amp;resize=460%2C249 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1">Source: X 
<p>Still emphasizing the SRSI, JD stated that the second factor is that both SRSI lines must cross above 80. This level refers to an overbought condition in the <a href="https://bitcoinist.com/xrp-market-cap-1-trillion-price/" rel="nofollow">XRP market</a>. As such, it is unclear why JD considers it bullish, considering that traders usually see an overbought condition as a sell signal with an impending correction in mind.&nbsp;</p> 
<h2 id="xrp-price-to-breakout-in-2025">XRP Price To Breakout In 2025</h2> 
<p>For the third factor, JD alluded to an 8-year trendline break. In the accompanying chart that he shared, one could see that he was projecting <a href="https://bitcoinist.com/xrp-price-whats-next/" rel="nofollow">XRP to break out</a> in 2025 following 8 years of consolidation. In the chart, he also highlighted how XRP broke out in 2017 after a 4-year consolidation.&nbsp;</p> 
<p>Some analysts seem to be betting on XRP, enjoying a similar rally to the one that happened back in 2017. The crypto token is known to have seen a <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-61000-surge-analyst/#:~:text=XRP%20Price%20Repeating%2061%2C000%25%20Move%20Will%20Be%20Harder&amp;text=The%20crypto%20token%20is%20said,%E2%80%9Creal%2Dworld%20utility.%E2%80%9D">61,000% gain in 280 days</a> and crypto analyst CryptoInsightUK <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-61000-surge-analyst/#:~:text=XRP%20Price%20Repeating%2061%2C000%25%20Move%20Will%20Be%20Harder&amp;text=The%20crypto%20token%20is%20said,%E2%80%9Creal%2Dworld%20utility.%E2%80%9D">recently shared his thoughts</a> on that happening. Without directly stating if a repeat could happen, he outlined several factors that put XRP in a better position than then.</p> 
<p>Another crypto analyst who has referred to the 2017 period in his projection is Egrag Crypto. He <a href="https://www.newsbtc.com/analysis/xrp/crypto-4400-xrp-price-27/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.">recently mentioned</a> that $27 is a “plausible target” for XRP’s price with the 2017 surge in mind. He didn’t, however, mention when exactly XRP could attain such heights. More recently, Egrag <a href="https://x.com/egragcrypto/status/1729745052555956447?s=20" rel="nofollow">stated</a> that XRP is on the “brink of a bullish cross.”</p> 
<p>Many analysts <a href="https://bitcoinist.com/xrp-price-prediction-bullish-bearish/#:~:text=According%20to%20this%20person%2C%20XRP,Halving%20happens%20in%20April%202024." rel="nofollow">continue to give their opinion</a> on what price level XRP could hit, with some stating that XRP could rise to <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-prediction-10000/">as high as $10,000</a>. It remains to be seen how much of these bullish projections will be actualized. At the time of writing, XRP is trading at around $0.61, up over 1% in the last 24 hours, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="nofollow">data</a> from CoinMarketCap.&nbsp;</p> 
<p><img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/U2RzPbRg/" alt="XRP price chart from Tradingview.com" width="2650" height="1530"></p>

XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move

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