Reversal

The post <a href="https://coinpedia.org/price-analysis/xrp-price-prediction-heres-when-xrp-price-might-hit-new-ath/" rel="noopener noreferrer nofollow">XRP Price Prediction: Here’s When XRP Price Might Hit New ATH</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The cryptocurrency market is lively! XRP is in the spotlight, valued at $0.56 and aiming for the strong $0.60 resistance. Even though it had a slight dip of -1.70% in the last 24 hours, XRP is still strong with a market cap of $30.5 billion. With XRP currently valued at $0.5483, crypto enthusiasts are hopeful for a repeat of the impressive 75,000% surge observed in the past.
What could these moves mean for you?
<h2 class="wp-block-heading" id="h-xrp-price-is-projected-to-hit-353-if-so">XRP Price is projected to hit $353. If so,&nbsp;</h2>
A crypto analyst’s recent projection on X <a href="https://x.com/Bitforcoinz/status/1747281174567747646?s=20" rel="noopener noreferrer nofollow">suggests </a>that XRP could reach $353 if historical patterns repeat. The analysis parallels XRP’s past performance, notably a significant surge observed six years ago when XRP surged by 61,000%. This bullish outlook is based on the expectation of XRP breaking out of a multi-year symmetrical triangle.
XRP’s historical context includes notable symmetrical triangle formations, each followed by substantial price growth. The most remarkable surge occurred in 2018, when XRP witnessed an extraordinary 75,000% increase from its February 2017 value to an all-time high of $3.84. Even the data from on-chain <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">sources </a>indicated that XRP experienced an even more impressive percentage growth during 2017 and 2018.
XRP has been on an upward trend since the start of 2023, hitting a yearly high of $0.95 in July. This upward movement included breaking a long-standing horizontal resistance zone from September 2022.&nbsp;
As XRP approaches the conclusion of its fourth symmetrical triangle, analysts project various future values, including $5, $10, and $89. Considering the historical surge, replicating such growth could imply a future valuation of $411, given the current XRP price of $0.5483.&nbsp;
<h2 class="wp-block-heading" id="h-current-price-is-a-reversal-underway">Current Price: Is a Reversal Underway?</h2>
While the projections are bullish, the current analysis suggests a possible downward trend for XRP, with concerns about breaking the $0.55 support. There’s a chance of a 15% decline to $0.46. While a positive change is possible, it’s not confirmed.
Analyst Ben Armstrong predicts a price increase for XRP, expecting a pump the following Monday. It’s important to note that these predictions are speculative, and given the cryptocurrency market’s volatility, investors should approach them cautiously.

XRP Price Prediction: Here’s When XRP Price Might Hit New ATH

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