<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-price-analysis-and-predictions-by-analysts/" data-wpel-link="internal">XRP Price Analysis and Predictions by Analysts</a><br></p>
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/xrp-value-skyrockets-ahead-of-anticipated-hinman-documents-release/" data-wpel-link="internal">XRP</a></strong> has not been able to rise to the anticipated levels since the peak observed in July 2023, and this situation has been interpreted as a downward trend. On the other hand, a technical analysis by an analyst seems to indicate a breakout and potential rise for XRP.</p> 
<h2 style="text-align: justify" id="analyst-s-xrp-price-prediction">Analyst’s XRP Price Prediction</h2> 
<p style="text-align: justify">In particular, a bullish divergence related to the Relative Strength Index (RSI) on XRP’s weekly chart appears to have been uncovered by CoinsKid. The well-known analyst published this review on February 27th on platform X.</p> 
<p style="text-align: justify">According to the analyst, there is a possibility that the price of XRP could optimistically rise to $1.30, and more importantly, he had mentioned that he took a long position in XRP a few weeks prior. Looking at the analysis, if XRP, currently trading at $0.56, were to reach the target, it could potentially experience a 135% increase.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320277" src="https://coin-turk.com/wp-content/uploads/2024/02/xrp-boga-site-coin-turk-com.jpg" alt="" width="777" height="359"></p> 
<h2 style="text-align: justify" id="xrp-price-outlook">XRP Price Outlook</h2> 
<p style="text-align: justify">On the other hand, XRP has been struggling to break the downtrend since reaching the level of $0.927 in July 2023. More importantly, the support indicating the uptrend seen since January 2023 has been broken, which has not gone unnoticed.</p> 
<p style="text-align: justify">At this point, XRP is trying to stay within the triangle formation that marks the center of both trends and is attempting to maintain its position above the strong resistance at $0.56.</p> 
<p style="text-align: justify">So far, the price seems to have consolidated somewhat since the last break, but without the formation of daily candles above resistance, it would not be logical to make a negative comment on the possibility of a decline.</p> 
<p style="text-align: justify">If the price can sustain above the resistance at $0.56, the bullish price divergence highlighted by CoinsKid could potentially occur.</p> 
<p style="text-align: justify">If a similar event were to happen, the current situation seen in other cryptocurrencies could potentially take XRP to a different point. The weekly RSI must maintain its presence in the region around 68 and above the current 50 to confirm a definitive breakout.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-320288" src="https://coin-turk.com/wp-content/uploads/2024/02/xrp-kac-dolar.png" alt="" width="1567" height="891"></p> 
<p style="text-align: justify">Looking at CoinsKid, the current situation of XRP and the market continues to turn in favor of investors wanting to take long positions. While all this is happening, a noticeable rise in XRP’s price occurred, and after a long period, the price returned above the $0.56 level.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/xrp-price-analysis-and-predictions-by-analysts/" data-wpel-link="internal">XRP Price Analysis and Predictions by Analysts</a></h5>

XRP Price Analysis and Predictions by Analysts

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