bullish

Rally

Movement

Daily

<ul>
  
 <li>XRP could see a 2,100% rise, targeting $15-$18 if a bullish breakout occurs, despite current bearish indicators.</li>   
 <li>Analyst JavonTM1 highlights possible full logarithmic follow-throughs for XRP, potentially pushing its price beyond $100.</li>   
 <li>XRP's daily price action shows volatility, shifting from bearish to bullish sentiment, with key support at $0.4752 and resistance at $0.51.</li> 
</ul>   
<p>Crypto analyst <a href="https://x.com/JavonTM1">JavonTM1</a> has recently highlighted the potential for a bullish breakout in XRP, despite its current volatility. According to his analysis, XRP's price action and Relative Strength Index (RSI) reveal patterns that may indicate an upcoming bullish movement.&nbsp;</p>   
<p>This comes after XRP experienced a temporary breakout, which appears to have been unsuccessful. However, there are still bullish divergences present that suggest a major price surge could be imminent.</p>   
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
   https://twitter.com/JavonTM1/status/1820633751363223629 
 </div>
</figure>   
<h2 class="wp-block-heading" id="h-xrp-price-movement-and-indicators"><strong>XRP Price Movement and Indicators</strong></h2>   
<p>XRP's current price is $0.5125, with a weekly high of $0.5258 and a low of $0.4324. This week, the price has decreased by approximately 2.08%, reflected in the red weekly candlestick, which signals a bearish trend.&nbsp;</p>   
<p><img width="602" height="311" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXexJU03ZkW_UlxqGzYw9shu1pbUiwtTyvkvdthKeQynE0Vpn3x8jQkKd6chs5azyzS0VxAANQLlKt0NeQ69UYtHMLEnmwKHvf8qko4kpB2yZMcfQotPZ_4SbkNJeXeUJgMBX-JHVQqv-mk53LFtxpIke0U?key=c8YgYr7N21F0qgVCNHZBMw"></p>   
<p>Source: <a href="https://www.tradingview.com/x/114nA95y/">TradingView</a></p>   
<p>The RSI, currently at 47.57, is slightly below the 50 mark, indicating a lean towards bearish sentiment. Additionally, the Moving Average Convergence Divergence (MACD) line at 0.0052 is below the signal line, further supporting a bearish outlook.</p>   
<h2 class="wp-block-heading" id="h-potential-breakout-and-target-levels"><strong>Potential Breakout and Target Levels</strong></h2>   
<p>Despite the bearish indicators, JavonTM1 suggests that a <a href="https://cryptonewsland.com/xrp-breaks-triangle-cme-listing-boosts-price/">successful bullish breakout</a> could lead to XRP targeting levels between $15 and $18, marking a potential 2,100% increase. Notably, he emphasizes that XRP has previously demonstrated full logarithmic scale follow-throughs, which could indicate even higher price levels.&nbsp;</p>   
<p>If XRP were to break out and follow through, its price could exceed $100, representing a more than 20x increase. This potential highlights the unpredictability and high stakes in the cryptocurrency market.</p>   
<h2 class="wp-block-heading" id="h-daily-price-fluctuations-and-market-sentiment"><strong>Daily Price Fluctuations and Market Sentiment</strong></h2>   
<p>On the daily chart from CoinMarketCap, XRP’s price action shows notable fluctuations. Starting with a morning decline to around $0.4752, the price later recovered in the afternoon, reaching approximately $0.51.&nbsp;</p>   
<p><img width="602" height="401" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdMnLe6uWKNXqKL-_NjnfqYujjzct5mXsny2z57CuMaXSfL2ZHp3oS-jQpOX_AnMSW6h093MCpX_Me8nvpw7gb2_di5MM3KqG0YrZgJGr4V1yYjb_ykf2CBhUeHhGcz79kfbxDROXIRZBEMUxn8KB4vPZUM?key=c8YgYr7N21F0qgVCNHZBMw"></p>   
<p>Source: <a href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a></p>   
<p>By evening, the price stabilized around $0.50, demonstrating a shift from <a href="https://cryptonewsland.com/ripples-xrp-bullish-leveraging-xrp-trades/">bearish to bullish</a> sentiment throughout the day. The daily chart reflects the ongoing struggle between buying and selling, with the current support level around $0.4752 and resistance near $0.51, indicating a precarious balance in market sentiment.</p>   
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>   
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
  
 <li><a href="https://cryptonewsland.com/xrp-at-a-crossroads-potential-breakout-to-8-analyzed/">XRP at a Crossroads: Potential Breakout to $8 Analyzed</a></li>   
 <li><a href="https://cryptonewsland.com/decoding-xrps-fate-will-bearish-signals-sink-its-price-below-us0-50/">Decoding XRP's Fate: Will Bearish Signals Sink Its Price Below US$0.50?</a></li>   
 <li><a href="https://cryptonewsland.com/fractal-analysis-suggests-xrp-poised-for-breakout-targeting-30-in-september/">Fractal Analysis Suggests XRP Poised for Breakout, Targeting $30 by Mid-September</a></li>   
 <li><a href="https://cryptonewsland.com/is-ripple-xrp-on-the-brink-of-a-major-breakout/">Is Ripple (XRP) on the Brink of a Major Breakout?</a></li>   
 <li><a href="https://cryptonewsland.com/vechain-breaks-out-above-descending-trendline/">VeChain's Breakout Above Descending Trendline Fuels Rally Hopes</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/xrp-eyes-massive-surge-as-analyst/">XRP Eyes Massive Surge as Analyst Predicts Potential Breakout to $100 Amid Market Volatility</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP Eyes Massive Surge as Analyst Predicts Potential Breakout to $100 Amid Market Volatility

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