2024

Satoshi

Strong

<p>If you’re an XRP holder, you must be feeling frustrated.</p>
<p>The XRP price has been moving sideways for months, and aside from a few spikes to the $0.7-$0.8 range, we haven’t seen much price action. Our team at CaptainAltcoin <a href="https://captainaltcoin.com/ripple-extremely-bearish-with-major-price-sell-off-ahead-when-will-xrp-price-recover/" target="_blank" rel="noopener noreferrer nofollow">has written</a> about this numerous times.</p>
<p>One positive thing about XRP’s price is that it has a strong support in the $0.4-0.5 area, since it’s pretty stable here whenever market crashes.</p>
<p>Moreover, <a href="https://x.com/Ripple/status/1811139011710255605" target="_blank" rel="noopener noreferrer nofollow">Ripple has an amazingly strong community</a>, and holders remain positive that price action will improve in the second part of 2024 and beyond.</p>
<h2 class="wp-block-heading" id="xrp-price-prediction-20-on-the-horizon">XRP Price Prediction – $20 On the Horizon?</h2>
<p>Many analysts make bold <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> price predictions, but we found one that has some real arguments behind it.</p>
<p>Armando Pantoja who is a popular person in the stocks and crypto markets, tweeted last night about XRP price forecast.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Strong evidence that <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> on its way to $20<br><br>1. Strong support at $0.40-$0.50.<br>2. Near lower Bollinger Band, oversold<br>3. Moving average &gt; current price; bullish<br>4. Low volume during consolidation; watch for a volume surge<br>5. Historical rallies after consolidation hint at… <a href="https://t.co/PjWxb7IIGv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PjWxb7IIGv</a></p>— Armando Pantoja (@_TallGuyTycoon) <a href="https://twitter.com/_TallGuyTycoon/status/1811443040206069882?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 11, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He claims there’s “strong evidence” that the XRP price will reach $20. Pantoja bases his prediction on several factors:</p>
<p>Pantoja points to <a href="https://altfins.com/knowledge-base/support-and-resistance-lines/" target="_blank" rel="noopener noreferrer nofollow">the strong support </a>at the $0.40-$0.50 level, which I indicated above as well. It does look like the XRP price has bottomed here and is ready for a reversal.</p>
<p>He also notes that XRP is currently near the lower Bollinger Band and potentially oversold, suggesting it might be due for a rebound.</p>
<p>Another bullish signal Pantoja highlights is that the moving average is above the current price. This technical indicator is often viewed as a positive sign by traders and could attract more buyers to XRP.</p>
<p>Pantoja also points to the low trading volume during the current consolidation phase. He suggests keeping an eye out for a potential volume surge, which could be the catalyst that drives prices higher.</p>
<p>Lastly, Pantoja references historical patterns showing significant rallies following periods of consolidation. These past trends, he argues, hint at possible upside potential for XRP.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>It remains to be seen, of course, whether Pantoja’s prediction will prove accurate. He hasn’t provided a specific timeline for his $20 price target, but I am assuming he’s referring to sometime in 2024 or 2025.</p>
<p>As a crypto trader, I currently place XRP in my “do not sell, do not buy” category. If you’ve been a long-term XRP holder, it’s probably better not to sell right now and we see what happens in the upcoming months.</p>
<p>Losing the $0.4 support level would definitely be a red flag. Another one could be any negative outcomes in <a href="https://coinpedia.org/news/ripple-ceo-slams-sec-will-xrp-skyrocket-post-u-s-elections/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s battle with SEC</a>.</p>
<p>However, if you’re not already holding XRP, it might be better to look elsewhere until the price starts moving.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/new-cryptocurrencies/" target="_blank" rel="noopener noreferrer nofollow">New Cryptocurrencies to Invest In: Which Crypto Will Boom?</a></strong></em></p>
<p>Look, we’ve all been on this rollercoaster before. Crypto can make you feel like a genius one day and a complete fool the next. So, before you bet the farm on XRP or any other coin, take a deep breath, do your homework, and maybe consider whether you’d be okay eating ramen for a month if things go south. Just saying.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/crypto-trader-predicts-ripple-xrp-price-will-hit-20-highlighting-strong-evidence/" rel="noopener noreferrer nofollow">Crypto Trader Predicts Ripple (XRP) Price Will Hit $20, Highlighting ‘Strong Evidence’</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Trader Predicts Ripple (XRP) Price Will Hit $20, Highlighting ‘Strong Evidence’

Spis treści

CaptainAltcoin

Inne artykuły opublikowane 12 lip 2024

Study Reveals: Global Crypto Market Volume to Exceed $108 Trillion With Europe Dominating

Near Protocol (NEAR) Price To Surge 25% As Sentiments Turn Bullish?

Bitcoin at a Crucial Juncture as Bear Market Looms: On-Chain Data Insights

Crypto Market Plunges as Mt. Gox-Linked Wallet Movements Spark Fears

Clandeno (CLD) Leads with $5M Anonymous Investor As Binance Coin (BNB) & NEAR Protocol (NEAR) Pri...

Best Meme Coin Airdrops 2024

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!