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<p>Technical analysis shows XRP is starting to move in a positive direction being below par for a while. A crypto expert called <a href="https://x.com/WorldOfCharts1/status/1811654040666931403?t=MPWZ5wKLV6aJz_j6XsEFLA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">World of Charts</a> sees a falling wedge pattern, and from his chart, the price is going toward the resistance at the top.&nbsp;</p>
<p>The analyst says XRP is expected to break out. This price could go up by 55-60%.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-1024x472.png" alt="" class="wp-image-525166" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-1024x472.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-300x138.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-768x354.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-1536x708.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-2048x944.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-325x150.png 325w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-759x350.png 759w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428-788x363.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-428.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Their technical analysis shows that <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has been trading in a descending triangle pattern since January. The price is now closer to the top of this triangle, and a breakout could make it spike 60%.</p>
<h2 class="wp-block-heading" id="fundamental-factors-supporting-xrp-s-growth">Fundamental Factors Supporting XRP’s Growth</h2>
<p><a href="https://x.com/jfgrissom/status/1811609984674988102?t=zI1xHJSC_zFHn51xjdPzbg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">JayGrissom.ICP∞ (@jfgrissom)</a> lists several key reasons why XRP could increase in value:</p>
<ol>
 <li>Clearer Rules: Unlike many other cryptocurrencies, XRP has clearer rules from regulators. This has often led to big price increases in the crypto world.</li>
 <li>XRPL Stablecoin: The XRP Ledger will soon let people use a US-backed stablecoin (RLUSD). Other networks have seen their native coins rise a lot when they added stablecoins, like BNB going up 3,100%.</li>
 <li>XRP-backed ETP: A new investment product backed by physical XRP will launch, worth $12 per unit. This shows more institutions are interested in XRP.</li>
 <li>XRP Price Index: The CME has made an official price index for XRP; it signals more adoption.</li>
 <li>SEC Lawsuit Ending: XRP may be classified as a commodity through their ongoing case with the SEC. This could open new trading opportunities.</li>
 <li>Bitcoin Halving: Bitcoin halving usually leads to rallies across various cryptos, which could benefit XRP in the next 6 to 18 months.</li>
 <li>Partnerships: Bitstamp, an XRP liquidity provider, is being bought by Robinhood. This could expand XRP trading pairs with different currencies on a popular retail platform.</li>
</ol>
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<p><strong><em>Read Also: <a href="https://captainaltcoin.com/chainlinks-link-maintains-macro-uptrend-as-suis-price-faces-critical-0-97-level-expert-analysis/" target="_blank" rel="noopener noreferrer nofollow">Chainlink’s LINK Maintains Macro Uptrend as SUI’s Price Faces Critical $0.97 Level: Expert Analysis</a></em></strong></p>
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2>
<p>When you look at the technical signs and important changes happening, it seems XRP could rise a lot in value soon. Of course, the crypto market is always unpredictable and many outside factors can affect prices. But right now, the outlook for XRP looks promising.</p>
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<p>The post <a href="https://captainaltcoin.com/ripples-xrp-looking-bullish-analyst-predicts-60-surge-as-technical-and-fundamental-factors-align/" rel="noopener noreferrer nofollow">Ripple’s XRP Looking Bullish: Analyst Predicts 60% Surge as Technical and Fundamental Factors Align</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple’s XRP Looking Bullish: Analyst Predicts 60% Surge as Technical and Fundamental Factors Align

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