Levi

Bold

<ul> 
 <li>An analysis suggests XRP could see a significant breakout from a multi-year triangle pattern.</li> 
 <li>Ripple’s blockchain solutions are aiding SMEs in overcoming traditional cross-border transaction challenges.</li> 
</ul> 
Despite its comparatively disappointing performance in recent weeks, popular crypto analyst Levi has <a href="https://twitter.com/LeviRietveld/status/1830274423347167469">expressed</a> optimism for Ripple’s XRP token. At the time of writing, XRP is trading around $0.5536, down 0.43% over the last 24 hours and 6.41% over the previous seven days. 
This drop has pushed the token farther away from the crucial $0.60 level, which it had already crossed and established as a support. 
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<h2 id="strong-bold-xrp-prediction-sparks-mixed-reactions-strong">Bold XRP Prediction Sparks Mixed Reactions&nbsp;</h2> 
Levi analysis, like that of other analysts, shows the possibility for a big breakout in the price of XRP from a long-standing multi-year triangle pattern. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> bullrun begins! 
 Leave a like<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2764.png" alt="❤" class="wp-smiley" style="height: 1em; max-height: 1em;">if your ready. <a href="https://t.co/OX5IPP5nM9">pic.twitter.com/OX5IPP5nM9</a> 
 — Levi | Crypto Crusaders (@LeviRietveld) <a href="https://twitter.com/LeviRietveld/status/1830274423347167469?ref_src=twsrc%5Etfw">September 1, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Historically, if this triangle pattern is successfully breached, <a style="color: #008000;" href="https://www.crypto-news-flash.com/xrp-to-fuel-payment-platform-for-61-japanese-banks-on-ripple-network-by-2025-report/">XRP</a> might soar to $250. However, rather than relying exclusively on technical analysis, fundamental variables will play an essential role in this bullish forecast. 
Levi’s analysis has elicited conflicting reactions from users on X (previously Twitter), with some expressing enthusiasm and others dismissing it as a joke. 
On the other hand, as the settlement between Ripple and the SEC nears, CNF previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/massive-xrp-moves-to-exchanges-as-ripple-nears-sec-settlement/">revealed</a> that Whale Alert has identified a big XRP transfer, fueling speculation among its followers. This transfer involves 54.34 million XRP tokens, worth more than $30.6 million. 
Recently, as we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/xrp-news-new-report-shows-how-ripple-payments-is-a-game-changer-for-local-banks-in-supporting-small-business-transactions/">reported</a>, Ripple is delivering blockchain-based payment solutions to local banks, solving the issues that small and medium-sized enterprises (SMEs) encounter while conducting traditional cross-border transactions. 
With a 50% growth in SMEs engaging in cross-border transactions, Ripple’s solution is critical for mitigating challenges like high transaction prices and poor processing times.

Analyst Predicts Massive XRP Price Breakout Despite Recent Market Challenges

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