bullish

Rally

Captain

Coin

<ul class="news-points wp-block-list" wp-block-list>
 <li>Crypto analyst predicts “mega bullish rally” for XRP, targeting $2.30.</li>
 <li>XRP’s price surge and technical indicators support the bullish outlook.</li>
 <li>Legal clarity on Ripple’s ODL sales further boosts XRP’s potential.</li>
</ul>
XRP, the seventh-largest cryptocurrency by market capitalization, has surged 19.45% in the past 24 hours, reaching $0.615193, and the trading volume exceeding $5.6 billion. This bullish momentum has led the well-known crypto analyst Captain Faibik to predict a “mega bullish rally” <a href="https://coinedition.com/sol-and-xrp-shine-bright-crypto-market-sees-positive-turn/" rel="noopener noreferrer nofollow">for XRP</a>, with a midterm target of $2.30.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> Mega Bullish Rally incoming so Don't miss the Ride..<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f3c4-200d-2642-fe0f.png" alt="🏄‍♂️" class="wp-smiley" style="height: 1em; max-height: 1em;"> Midterm target : 2.30$<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> <a href="https://twitter.com/hashtag/XRPUSDT?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPUSDT</a> <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPCommunity</a> <a href="https://t.co/hb0pfGlHoi" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/hb0pfGlHoi</a>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1821450572119056597?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 8, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
A distinct uptrend has emerged, characterized by higher lows and higher highs. This is further validated by XRP trading above the 20-day and 50-day simple moving averages, (SMA). Increased trading volume, with several spikes, further validates the positive market sentiment, suggesting potential for continued upward movement.
The 9-period SMA of the volume also shows an upward trend, pointing to growing buying pressure. This increase in volume…
The post <a href="https://coinedition.com/analyst-calls-for-xrp-mega-bullish-rally-2-30-target-in-sight/" rel="noopener noreferrer nofollow">Analyst Calls for XRP Mega Bullish Rally, $2.30 Target in Sight</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Analyst Calls for XRP Mega Bullish Rally, $2.30 Target in Sight

Coin Edition

Other articles published on Aug 8, 2024

Can Bitcoin Influence the Next President?

Breaking! WazirX Changes User Balance Snapshot Date To The Date Of Hack!

Brazil Makes History with First Solana Spot ETF Approval

Brazil Approves First Solana Spot ETF

WazirX to ‘Socialize’ $230M Security Breach Loss with 55/45 Recovery Plan

Pepe Unchained Presale Soars to $7.5 Million Amid Market Rebound

Join our free newsletter for daily crypto updates!