Captain

Standard

<p>The post <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-xrp-price-poised-to-hit-new-ath-by-mid-2024/" rel="noopener noreferrer nofollow">Ripple Price Prediction: XRP Price Poised To Hit New ATH By Mid-2024</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>As Bitcoin’s (BTC) price continues to scale higher by the day, currently above $58,300, Ripple Labs-backed XRP has been attempting to break out of a macro bearish trend. The cross-border payments-oriented cryptocurrency has been trading in a triangular logarithmic consolidation since the end of the 2017 bull rally.&nbsp;</p>
<p>Having not crossed its 2018 all-time high (ATH) during the 2021 crypto bull rally, XRP price is well positioned to rally exponentially to a new ATH during this cycle.&nbsp;</p>
<h2 class="wp-block-heading" id="h-why-bet-on-xrp-s-inevitable-bullish-breakout">Why Bet on XRP’s Inevitable Bullish Breakout</h2>
<p>Ripple Labs is one of the oldest web3-focused companies working on integrating traditional finance and digital assets through XRP. Despite the notable legal headwinds from the lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple, XRP has remained among the top ten most valuable digital assets.</p>
<p>In the past few years, Ripple has made strategic acquisitions of different web3 companies – including Metaco and Standard Custody – geared to improve the XRP liquidity, primarily through the On-Demand Liquidity (ODL).</p>
<h2 class="wp-block-heading" id="h-xrp-mid-term-targets-nbsp">XRP Mid-term Targets&nbsp;</h2>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Don't forget to Buy Some <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> for the Midterm..<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/270d.png" alt="✍" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/cVLZa2eWSV" rel="noopener noreferrer nofollow">pic.twitter.com/cVLZa2eWSV</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1762733785353724342?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Amid the ongoing crypto bullish breakout, XRP price has been consolidating in the apex of a macro triangular pattern that could lead to an imminent bullish breakout. According to a popular crypto analyst alias Captain Faibik on the X platform, XRP price is on the cusp of a parabolic move toward $2 in the near term.</p>
<p>Furthermore, XRP price against the US dollar on the weekly timeframe has reclaimed the 50 level on the Relative Strength Index (RSI). As a result, a consistent weekly close above 55 cents in the coming months will guarantee a rally towards the ATH.</p>

Ripple Price Prediction: XRP Price Poised To Hit New ATH By Mid-2024

Table of Contents

CoinPedia News

Other articles published on Feb 28, 2024

Bitcoin Hits $57K, Is It a Green Light for Altcoin Surge?

Filecoin and Render rally, investors turning to Rebel Satoshi

Cardano (ADA) Sees Potential for Significant Price Increase

Bitcoin surpasses the $59k mark, whales on the way

ArbDoge AI Crypto Price Forecast: Can AIDOGE Continue to Advance?

Bitcoin Price Prediction: Top Trader Peter Brandt Hikes 2025 BTC Target To $200K As Bitcoin Surge...

Join our free newsletter for daily crypto updates!