Cryptocurrency

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 <p class="paragraph">The recent price movement for XRP can be considered a consolidation phase, with the asset still searching for a path toward $1 despite receiving legal clarity that declared the token not a security.</p>
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 <p class="paragraph">When examining the XRP price trajectory, an <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by a cryptocurrency expert with the pseudonym <em>Egrag Crypto</em> outlined a potential path that could see the asset breach the $1 mark and potentially skyrocket to $3.7. In the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> posted on X (formerly Twitter) on December 26, the expert suggested that the $3.7 target remains possible if historical patterns repeat themselves.</p>
 <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/12/28/6cfb5300345c0451205d48ed1904a38e.webp" alt class="wp-image-145863" width="834" height="355" srcset="https://cdn.thebittimes.com/images/2023/12/28/6cfb5300345c0451205d48ed1904a38e.webp 1024w, https://cdn.thebittimes.com/images/2023/12/28/6cfb5300345c0451205d48ed1904a38e.webp 300w, https://cdn.thebittimes.com/images/2023/12/28/6cfb5300345c0451205d48ed1904a38e.webp 768w, https://cdn.thebittimes.com/images/2023/12/28/6cfb5300345c0451205d48ed1904a38e.webp 1281w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>XRP price analysis chart. Source: TradingView</em>
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 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> points to the current consolidation phase of XRP along a slanted trend line, drawing parallels to a past cycle that saw the asset reach $1.60 after gains of over 500% in 2021.</p>
 <p class="paragraph">The expert noted that the current chart pattern closely mirrors the consolidation above the trend line during that cycle. Additionally, the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> highlighted the presence of a glowing green Super Guppy upon breaching the trend line.</p>
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       <h3 class="font-bold leading-6 " id="xrp-price-prediction-for-2024">XRP price prediction for 2024</h3>
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       <h3 class="font-bold leading-6 " id="ripple-sold-over-190-million-xrp-in-december-will-the-dump-continue">Ripple sold over $190 million XRP in December; Will the dump continue?</h3>
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 <p class="paragraph">Notably, the Super Guppy is a set of moving averages that visually indicates trend strength and potential reversals. In this context, the pattern signals a bullish trend in&nbsp; XRP, with green symbolizing positive upward movements.</p>
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  <p class="paragraph">“If history repeats itself with XRP following the Cycle’ B’ pattern, a surge akin to previous moves could potentially pocket us $3.70,” the analyst stated.</p>
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 <p class="paragraph">The expert suggested that consolidating one’s dollars and other crypto gains into XRP during this phase could amplify a portfolio almost seven times. This strategy appears particularly attractive for those sitting on a substantial sum, as XRP is positioned as a potential avenue for significant gains.</p>
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  <p class="paragraph">“If you’re sitting on a hefty sum, #XRP seems like the smart move for a potential 6-7X gain,” he said.&nbsp;</p>
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 <h2 class="wp-block-heading" id="h-xpr-s-key-timeframe-to-watch">XPR’s key timeframe to watch&nbsp;</h2>
 <p class="paragraph">He added that the forecast for XRP is set for a potentially exciting period between December 2023 and February 2024. According to the analyst, this timeframe could witness “fireworks” for XRP, hinting at significant price movements and potential investor opportunities.</p>
 <p class="paragraph">It is worth noting that since the partial victory in the Ripple and Securities Exchange Commission case (SEC), which saw XRP declared not a security, the overall market anticipation was that the token might rally past $1. However, as the case awaits its conclusion, the token has failed to build a formidable rally in line with the general market movement, with insiders terming the valuation ‘very strange.’</p>
 <p class="paragraph">In the meantime, as reported by Finbold, XRP is in a race with competing assets such as Cardano (ADA) to hit $1. In this context, XRP is potentially better positioned to reach $1 based on underlying factors like technical indicators. Meanwhile, crypto experts have offered diverse price projections for XRP moving into the years, with the asset remaining a key altcoin to watch.</p>
 <h2 class="wp-block-heading" id="xrp-price-analysis">XRP price analysis&nbsp;</h2>
 <p class="paragraph">By press time, XRP was valued at $0.65, having recorded daily gains of over 2%. On the other hand, the token has recorded gains of almost 5% in the past seven days.</p>
 <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/12/28/1df057549fc06e28d409e8556bf44cea.webp" alt class="wp-image-145865" width="834" height="556" srcset="https://cdn.thebittimes.com/images/2023/12/28/1df057549fc06e28d409e8556bf44cea.webp 1024w, https://cdn.thebittimes.com/images/2023/12/28/1df057549fc06e28d409e8556bf44cea.webp 300w, https://cdn.thebittimes.com/images/2023/12/28/1df057549fc06e28d409e8556bf44cea.webp 768w, https://cdn.thebittimes.com/images/2023/12/28/1df057549fc06e28d409e8556bf44cea.webp 1200w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>XRP seven-day price chart. Source: Finbold</em>
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 </figure>
 <p class="paragraph">Elsewhere, a review of XRP technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> retrieved from <em>TradingView</em> shows that XRP is dominated by bullish sentiments, with the summary aligning with a ‘strong buy’ at 16. Moving averages also recommend the same rating at 14, with oscillators aligning with a ‘buy’ at 2.</p>
 <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" loading="lazy" src="https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp" alt class="wp-image-145866" width="834" height="158" srcset="https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp 1024w, https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp 300w, https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp 768w, https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp 1536w, https://cdn.thebittimes.com/images/2023/12/28/8adfe65a1674406aec7df15c67e626a1.webp 1594w" sizes="(max-width: 834px) 100vw, 834px">
  <figcaption class="wp-element-caption"><em>XRP technical analysis. Source: TradingView</em>
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 <p class="paragraph">Overall, the skyrocketing prospects of XRP will also be influenced by the market trajectory and adoption rates of Ripple’s underlying technology.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/expert-xrp-could-rocket-to-3-70-if-this-happens-tbt74996.html">https://thebittimes.com/expert-xrp-could-rocket-to-3-70-if-this-happens-tbt74996.html</a></p>

Expert: XRP could rocket to $3.70 if this happens

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