Rock

Solana

Bank AI

Read

<ul> 
 <li>Popular crypto YouTuber, Crypto ROor, anticipates substantial XRP rally in 8 weeks.</li> 
 <li>Crypto Rover sees an imminent bullish breakout for Ripple’s XRP.</li> 
 <li>The positive XRP forecast aligns with rising speculation of altcoin season.</li> 
</ul> 
<p>In an exciting prediction, <a href="https://www.youtube.com/channel/UCoUcIy0SWXXIhzWgJNdMoFQ" target="_blank" rel="noreferrer noopener nofollow">Crypto Rover</a>, a prominent crypto YouTuber, foresees a substantial surge in XRP prices within the next eight weeks. Crypto Rover, renowned for insightful analyses on various social media platforms, suggests that XRP is approaching a crucial macro apex, signaling an imminent bullish breakout.</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"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a><br><br>A massive breakout will happen in the upcoming 8 weeks… <a href="https://t.co/jJWN8l8XKs">https://t.co/jJWN8l8XKs</a> <a href="https://t.co/gCqsQuHZU0">pic.twitter.com/gCqsQuHZU0</a></p>— Crypto Rover (@rovercrc) <a href="https://twitter.com/rovercrc/status/1746543692716847472?ref_src=twsrc%5Etfw">January 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The analyst predicts a takeover by XRP bulls in the next two months, citing the strong psychological boost from the support level around 54 cents. Since reaching its bear market bottom near 30 cents in June 2022, XRP has been on a consistent upward trajectory, forming higher highs and higher lows, indicative of a rising channel on daily and weekly time frames. To sustain the macro bullish outlook, XRP must rally to 75 cents in the near term.</p> 
<p>However, a consistent close below the support/resistance level of 54 cents could lead to further capitulation, with the next significant support level anticipated around 45 cents. XRP, backed by <a href="https://ripple.com/" target="_blank" rel="noreferrer noopener nofollow">Ripple Labs</a>, has evolved into a utility-based digital asset with a robust ecosystem, consistently ranking among the top ten cryptos.</p> 
<p>As of the <a href="https://cryptonewsland.com/top-investment-firm-unveils-xrps-fair-market-value/" target="_blank" rel="noreferrer noopener">latest market data</a>, XRP boasts a fully diluted valuation of approximately $58 billion and a daily trading volume around $900 million, reflecting a healthy volume-to-market cap ratio of 2.81 percent and robust liquidity.</p> 
<p>The optimistic <a href="https://cryptonewsland.com/xrp-enthusiasts-rife-with-speculation-after-blackrock-ceos-comments/" target="_blank" rel="noreferrer noopener">XRP forecast</a> aligns with the growing speculation of an imminent altcoin season, particularly following Bitcoin’s encounter with a major resistance level at $49,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/">000</a> last week. Early signs of a bullish trend have already emerged in top-rated altcoins like Ethereum (ETH), Solana (SOL), and BNB, contributing to the overall positive sentiment in the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/man-mistakenly-sells-1m-clipart-rock-nft-for-1-cent/">Man Mistakenly Sells $1M Clipart Rock NFT for -1 Cent</a></li>
 <li><a href="https://cryptonewsland.com/xrp-community-brace-for-the-2-range-urges-crypto-analyst/">XRP Community: Brace for the $2 Range, Urges Crypto Analyst</a></li>
 <li><a href="https://cryptonewsland.com/is-the-collapse-of-silicon-valley-bank-spelling-doom-for-stablecoins/">Is the Collapse of Silicon Valley Bank Spelling Doom for Stablecoins?</a></li>
 <li><a href="https://cryptonewsland.com/why-smart-investors-are-eyeing-xrp-now-insights-from-renowned-analyst/">Why Smart Investors are Eyeing XRP Now, Insights from Renowned Analyst</a></li>
 <li><a href="https://cryptonewsland.com/renowned-crypto-trader-unveils-top-10-tokens-in-weekly-watchlist/">Renowned Crypto Trader Unveils Top 10 Tokens in Weekly Watchlist</a></li>
</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-breaks-out-in-8-weeks-according-to-popular-crypto-analyst/">XRP Breaks Out in 8 Weeks According to Popular Crypto Analyst</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Breaks Out in 8 Weeks According to Popular Crypto Analyst

Crypto News Land

Other articles published on Jan 15, 2024

Ethereum PoS validator count falls to YTD low: What’s next?

On-Chain Metrics Flash Bullish for Chainlink, Analyst Shares Next Target For LINK

$BTC ETFs See $4.6 Billion in Volume on First Day of Trading; $GFOX Presale Racks Up $2.7M

Ripple vs SEC : Potential $3 Billion Penalty Looms

Is Altcoin Season Upon Us? Glassnode Founders Weigh In

Dogecoin on the Verge of Significant Growth According to Crypto Analyst Ali Martinez

Join our free newsletter for daily crypto updates!