Date: Sun, Sept 29, 2024, 05:47 AM GMTIn the past two weeks, the cryptocurrency market has experienced a notable surge, fueled by a Federal Reserve rate cut and growing optimism for October, which is historically a bullish month. Bitcoin (BTC) has climbed to $65,000, its highest level since Aug 01, sparking rallies across major <a href="https://coinsprobe.com/top-3-altcoins-that-could-hit-new-all-time-highs-in-october/" rel="noopener noreferrer nofollow">altcoins</a>, including XRP. The popular token has posted modest gains of 9.7% over the last 30 days.<h3 id="analyst-predicts-xrp-s-massive-breakout">Analyst Predicts XRP’s Massive Breakout</h3>But many analysts believe XRP’s real breakout is just around the corner. A prominent chart analyst known as <a href="https://x.com/WorldOfCharts1/status/1840263402377384235" rel="noopener noreferrer nofollow">&#64;WorldOfCharts1</a> shared his analysis on the X platform, highlighting that XRP could be poised for a massive breakout. In his post, he emphasized that XRP has a strong, supportive community and is one of the most user-friendly coins, which could help fuel its next big move.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/b86cd8272db34702b04a55c6c36afbfc.jpeg" />Credits: WorldOfCharts1According to the analyst, XRP has shown a tendency to consolidate before entering bull markets, and when it breaks out of these consolidations, it often delivers massive returns. He predicted that XRP could easily see a 3-4x return in the midterm, setting a long-term target of $6.50, which represents a staggering 1,000% increase from its current price of $0.61. A breakout above $0.66 is seen as the key trigger for this potential rally.<h3 id="what-s-driving-the-momentum">What’s Driving the Momentum?</h3>One of the key factors contributing to this bullish outlook is the technical <a href="https://coinsprobe.com/altcoins-on-the-verge-of-monster-breakout-analyst-picks-near-fet-and-tao-in-ai-tokens/" rel="noopener noreferrer nofollow">breakout </a>in the total cryptocurrency market cap chart (TOTAL3). On September 21, the total market cap broke through a long-standing downtrend line at $598 billion.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2a2a1897cda04658b196d290eb4668fe.png" />This breakout is a strong signal that a broader market rally could be on the horizon, and XRP appears well-positioned to benefit.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/top-3-altcoins-that-could-hit-new-all-time-highs-in-october/" rel="noopener noreferrer nofollow">Top 3 Altcoins That Could Hit New All-Time Highs in October</a>

XRP on the Verge of a Massive Breakout: Could It Deliver Easy 4x Returns in Midterm?

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