Bitcoin

<p>The post <a href="https://coinpedia.org/news/xrp-is-poised-for-a-1500-gain-if-it-breaks-this-level-says-top-analyst/" rel="noopener noreferrer nofollow">XRP is Poised for a 1,500% Gain If It Breaks This Level, Says Top Analyst</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Renowned crypto trader Cryptoinsightuk shed light on the XRP/BTC trading pair, indicating the possibility of an impressive 1500% surge for XRP if it breaks a crucial resistance level. Meanwhile, the anticipated target is 0.00023 on the XRP/BTC chart.</p>
<p>As of the latest data, the XRP/BTC pair is trading at <a href="https://coinmarketcap.com/currencies/xrp/xrp/btc/" rel="noopener noreferrer nofollow">0.000015</a>, reflecting a 1.46% decrease in the last 24 hours.</p>
<h2 class="wp-block-heading" id="h-xrp-poised-for-1500-surge">XRP Poised for 1500% Surge</h2>
<p>Crypto analyst CryptoInsightUK recently shared insights on XRP’s potential trajectory in a tweet. According to the analyst, XRP is currently at the lower end of its range against Bitcoin (BTC), hinting at a potential move of more than 88% against the leading cryptocurrency.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">We are sitting at the bottom of the <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> / <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> range.<br><br>It looks as if an it is only a matter of time for <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> to make a 88%+ move vs <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>.<br><br>The real fun begins if we can break and hold above the top Grey box though.<br><br>If we can break this box we could see a move up to 1,500% VS… <a href="https://t.co/wPT3Jm2Oxv" rel="noopener noreferrer nofollow">pic.twitter.com/wPT3Jm2Oxv</a></p>— Cryptoinsightuk (@Cryptoinsightuk) <a href="https://twitter.com/Cryptoinsightuk/status/1736359770930495853?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 17, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>While there’s room for gains, the real excitement, as per the expert, hinges on XRP breaking and holding above 0.000028 on the XRP/BTC chart.&nbsp;</p>
<p>Perhaps this breakthrough is seen as a pivotal point that could propel XRP beyond the crucial $1 mark. However, the real game-changer lies in the implications of surpassing this level, with the analysis suggesting the potential for an impressive 1,500% surge in value compared to Bitcoin, reaching 0.00023 on the XRP/BTC chart.&nbsp;</p>
<h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP Price Analysis</h2>
<p>While other cryptocurrencies celebrate post-regulatory clarity, XRP’s price remains stagnant, surprising many in the crypto sector. Despite expectations of XRP surging beyond $1 after the court ruling, its subdued movement raises concerns.</p>
<p>The ongoing uncertainty from the SEC case, with the potential for an appeal or a settlement, continues to weigh on XRP’s performance. The current situation reflects a struggle between potential upward momentum and strong resistance around the <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">$0.65</a> mark.</p>
<p>For XRP to see significant gains, it needs a boost from positive news or sentiment in the broader market. Breaking the $0.65 barrier could open doors to test the $0.75 zone, providing investors with key indicators for short-term decision-making.</p>

XRP is Poised for a 1,500% Gain If It Breaks This Level, Says Top Analyst

Table of Contents

CoinPedia News

Other articles published on Dec 18, 2023

Emerging Trends in AI: Transforming Consumer Behavior and Market Dynamics

ADA price stable during correction, Polkadot (DOT) and Borroe Finance ($ROE) ready to ignite

Ripple News: Wall Street Eyes XRP Spot ETF

Crypto: Ripple Publishes White Paper Promoting CBDC virtues

Swiss bank Raiffeisen Schweiz joins SIX's digital asset exchange

What is TRAC Coin?

Join our free newsletter for daily crypto updates!