Recent <a href="https://finbold.com/cryptocurrency/xrp/" rel="noopener noreferrer nofollow">XRP</a> trading has been unpredictable, with the token noticeably struggling to gain traction in the highly competitive<a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow"> cryptocurrency market</a>, its price coincidentally crashed 14% from its 2023 high of $0.58 before a slight rebound after TV personality Jim Cramer <a href="https://finbold.com/xrp-crashed-this-much-since-jim-cramers-comments-on-ripple-v-sec-case/" rel="noopener noreferrer nofollow">said</a> the Securities and Exchange Commission (<a href="https://finbold.com/topic/sec/" rel="noopener noreferrer nofollow">SEC</a>) “may not even win” its lawsuit against <a href="https://finbold.com/topic/ripple/" rel="noopener noreferrer nofollow">Ripple</a>.However, there may be a glimmer of hope for the token as it approaches a critical level that could trigger a significant surge in price. Crypto analyst Ali Martinez <a href="https://twitter.com/ali_charts/status/1645734183363571714" rel="noopener noreferrer nofollow">suggested</a> on April 11 that <a href="https://finbold.com/guide/how-to-buy-ripple-xrp/" rel="noopener noreferrer nofollow">XRP</a> could see a massive 47% price increase if it manages to secure a <a href="https://finbold.com/guide/chart-patterns/#h-stock-chart-patterns" rel="noopener noreferrer nofollow">three-day candlestick close</a> above the $0.54 level.He noted a ‘successful breakout could catapult XRP’s price to $0.80’, marking a notable recovery for the cryptocurrency that has seen its fair share of ups and downs.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c858cdc858e449d284fed56e63e0c17b.jpg" />XRP 47% price increase potential. Source: Ali Martinez<h2 id="header-0">Crypto market vibes</h2>The bullish sentiment in the overall cryptocurrency market could also help fuel XRP’s potential surge. Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), the world’s most valuable digital asset, has broke above resistance <a href="https://finbold.com/bitcoin-blasts-through-30k-barrier-experts-predict-whats-next-for-btc/" rel="noopener noreferrer nofollow">at $30,000</a> for the first time since June 2022, and other cryptocurrencies have followed suit.Thus, investors and traders are closely monitoring XRP’s price movements, hoping to capitalize on any price surges that may occur.Currently, XRP is trading at $0.522, with gains of about 3% in the last 24 hours, with a total market cap of $26.9 billion ranked sixth in terms of total value.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/55f63c2db588431ab64b44452ecbfe26.jpg" />XRP 1-day price chart. Source: FinboldIf Ripple does win the case, it could signal a significant turning point for XRP and potentially open the door for further price growth. Overall, the case outcome is expected to impact the value of XRP and the general crypto sector.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

XRP to the moon? Crypto trading expert predicts 47% surge in price

Table of Contents

Finbold

Outros artigos publicados em 13 de abr. de 2023

Ethereum Shapella Upgrade: A New Era for the 2nd Largest Blockchain

OpenAI to pay users up to $20000 for detecting ChatGPT bugs

Bitcoin white paper is now available in 43 different languages

Web3 Antivirus 0.6: Fair NFT Prices, Easier Listing & Site Verification, Automated Conversion

Coinbase Wins Restitution in Crypto Insider Trading Case

How venture funding in Africa recorded an aggressive decline in Q1 2023

Join our free newsletter for daily crypto updates!