bullish

when

James

<ul>
 <li>Analyst Mikybull Crypto predicts XRP could hit new highs due to a bullish pennant pattern.</li>
 <li>Ripple’s Filedgr aims to enhance AI systems with advanced data solutions and plans to become a DAO.</li>
</ul>
In the middle of a varied performance in the crypto market, Ripple’s native coin, XRP, is still struggling to keep above its critical level of $0.60. Recently, analyst Mikybull Crypto gave a <a href="https://x.com/MikybullCrypto/status/1817504463717908498" rel="noopener noreferrer nofollow">bullish outlook</a> for the price of XRP, which might lead to new highs.
<h2 id="strong-xrp-forms-bull-pennant-pattern-targeting-0-85-and-1-strong">XRP Forms Bull Pennant Pattern, Targeting $0.85 and $1&nbsp;</h2>
The analyst’s chart shows XRP forming a bull pennant continuation pattern on the daily chart, predicting a massive breakout. The immediate aim for this upward surge is $0.85, with the chance of reaching the much-anticipated $1 milestone.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> has formed a bull pennant continuation pattern on the daily chart.
 The breakout will be massive.
 The pattern rarely fails<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/VU4Z9Dg1tX" rel="noopener noreferrer nofollow">https://t.co/VU4Z9Dg1tX</a> <a href="https://t.co/kO02sfLh74" rel="noopener noreferrer nofollow">pic.twitter.com/kO02sfLh74</a>
 — Mikybull <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1817504463717908498?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 28, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
CNF previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-news-xrp-could-skyrocket-to-1000-if-used-for-10-of-swift-payments-says-analyst/" rel="noopener noreferrer nofollow">highlighted</a> an optimistic view on Ripple’s token. Amelie, a well-known analyst and XRP enthusiast, suggested that if XRP is used for 10% of SWIFT transfers, its value may jump to $1,000.
The community anticipates a future in which the XRP network can execute all SWIFT payments as the crypto sector takes over the existing financial system.
At the time of writing, XRP is trading at $0.6068, down 0.47% over the last 24 hours, with a transaction volume of $942.42 million.
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
Looking at the firm behind it, <a style="color: #008000;" href="https://www.crypto-news-flash.com/ripple-launches-filedgr-transforming-data-authentication-on-the-xrp-ledger/" rel="noopener noreferrer nofollow">Ripple has launched Filedgr</a>, which aims to improve AI systems through advanced data solutions such as Digital Certificates and the Digital Twin Data Hub. Filedgr employs clever NFTs to verify physical items and data. In the future, Filedgr intends to transform into a decentralized autonomous organization (DAO).
On another side, we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/james-seyffart-clarifies-xrp-joke-amid-community-backlash/" rel="noopener noreferrer nofollow">reported</a> James Seyffart, Bloomberg’s senior crypto analyst, who sparked controversy. The XRP community responded negatively when Seyffart joked about Ripple’s token at a recent Bitcoin conference.

Popular Analyst Predicts Massive Breakout for XRP Price, Pump to $1?

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