bullish

Bitcoin

Captain

<p>After trading sidewise for a long period, Ripple’s XRP has surged to $0.62 and holding steady, supported by positive sentiment in the crypto market as <a href="https://coinpedia.org/news/bitcoin-breakout-alert-can-btc-smash-68k-heres-what-popular-analyst-says/" target="_blank" rel="noreferrer noopener">Bitcoin price surge to $66,000</a> for the first time in five weeks. Prominent crypto trader Captain Faibik has predicted a potential 299.4% rally, with XRP possibly reaching $2.30 in the mid-term. And that’s not all—his long-term outlook suggests even bigger gains on the horizon!</p>   
<h2 class="wp-block-heading" id="h-xrp-aim-to-hit-2-30">XRP Aim To Hit $2.30</h2>   
<p>According to Captain Faibik, XRP could be on the verge of a strong upward movement. With the market showing bullish signals, he has set a mid-term price target of $2.30 for XRP, representing a massive 299.4% increase from its current level.&nbsp;</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/CryptoFaibik/status/1839969566631354738 
 </div>
</figure>   
<p>This potential rally comes as Bitcoin’s rise is boosting confidence in the broader crypto market, including altcoins like XRP.</p>   
<p>However, this <a href="https://coinpedia.org/news/why-xrp-price-is-poised-for-a-rally-after-years-of-consolidation/" target="_blank" rel="noreferrer noopener">growing optimism around XRP</a> is fueled by rising institutional interest, alongside the expectation of favorable regulatory outcomes. With almost the end of a 4-year long legal battle with the SEC, many believe that clearer regulations could significantly strengthen XRP's standing in the market.</p>   
<h2 class="wp-block-heading" id="h-long-term-outlook-even-bigger-gains">Long-Term Outlook: Even Bigger Gains?</h2>   
<p>Echoing a similar bullish stance market analyst EGRAG has hinted at even more ambitious long-term price goals for XRP. He says that XRP could potentially see an 888% surge if it hits its previous high of $3.31. EGRAG's latest analysis highlights a recurring chart pattern on XRP’s 1-month chart, resembling its 2017 bull run. Back then, XRP hit an ascending red support line four times before skyrocketing.</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/egragcrypto/status/1839607118623621218 
 </div>
</figure>   
<p>Currently, XRP has touched this <a href="https://coinpedia.org/price-analysis/xrp-price-pushing-at-the-same-resistance-when-will-it-break-above-the-range/" target="_blank" rel="noreferrer noopener">same support line again</a>, signaling the possibility of a similar rally. EGRAG believes that if conditions align, XRP could reach $31, coinciding with a major Fibonacci extension level (Fib 1.618).</p>   
<p>However, for this to happen, XRP needs to first surpass its previous all-time high of $3.31 from 2017. If it does, even a fraction of the gains from that rally could push the price to $6.50 and beyond, potentially targeting $31.</p>   [post_titles_links postid="356479"]

Coinpedia Fintech News

Table of Contents

CoinPedia News

Other articles published on Sep 28, 2024

Investors Boost Bitcoin Holdings with ETFs

Ripple mints another 300,000 RLUSD at RLUSD Treasury

Ripple Price Analysis: The Reason XRP Exploded 5% Today

Tony Edward Predicts Parabolic Surge for XRP Despite Criticism

John Deaton vows to fight federal CBDC, calls it ’a hill to die on’

Boss Trump (BOSSTRUM) Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dog...

Join our free newsletter for daily crypto updates!