altFINS

Show

Chainlink

<p>XRP, the native token of Ripple, has notably underperformed in recent years compared to other major cryptocurrencies like Bitcoin. However, there are now signs that XRP may be gearing up for its next major bull run.</p> 
<p>According to crypto trader <a href="https://twitter.com/CryptoPatel/status/1755059915507548415" target="_blank" rel="noreferrer noopener nofollow">Crypto Patel</a>, XRP “seriously underperformed” in the last bull market while it was embroiled in a long legal battle with the SEC. As Bitcoin went on to hit new all-time highs in 2021, XRP failed to pass its 2017 peak of $3.30.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="563" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-1024x563.png" alt="" class="wp-image-433645" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-1024x563.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-300x165.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-766x421.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-1536x844.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-2048x1125.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-273x150.png 273w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-637x350.png 637w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234-788x432.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-234.png 1334w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>However, Crypto Patel believes the “floodgates may finally be open” for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a>. He points to the formation of a large symmetrical triangle breakdown pattern on the XRP chart that resembles the pattern seen in early 2017, right before XRP increased by a staggering 40,000%. If XRP were to repeat that percentage gain from its current levels, it could potentially reach mind-blowing prices of $10 or more.</p> 
<p>After surviving nearly 2,300 brutal bear days over the last 6+ years, Crypto Patel thinks this coiling pattern signals that Ripple is finally ready to erupt. His accumulation zone for XRP is between $0.40 to $0.50, with upside targets of $0.90, $1.95, $4, $7, and above $10. He believes that for those who put faith in technical analysis patterns and cycles, XRP may be ready to launch into another parabolic advance.</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">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </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>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</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>According to technical analysis by altFINS, XRP continues trading in a clear downtrend across short, medium, and long-term timeframes. The altFINS pattern recognition technology has identified an emerging “channel down” on the XRP chart, signaling continued bearish momentum.</p> 
<p>XRP recently broke below its 200-day moving average, confirming the overarching negative trend structure. altFINS notes that traders should watch for a breakout above the upper channel trendline and a move back above the 200-day MA to indicate a potential bullish reversal. Until then, technical caution remains warranted.</p> 
<p>Drilling down, XRP finds itself caught in the boundaries of a descending price channel, fluctuating between resistance around $0.55 and support at $0.45. With emerging chart patterns like this, altFINS strategists suggest initiating trades when the price approaches the upper or lower channel trendlines.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-1024x573.png" alt="" class="wp-image-433737" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-236.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>A breakout above $0.55 resistance could accelerate XRP higher, while a breakdown below $0.45 support risks intensifying sell momentum. The $0.68 level marks another notable resistance zone where selling pressure may emerge.</p> 
<p>Examining momentum, the technical picture is mixed for XRP currently. While the bullish MACD crossover points to some positive divergence, RSI below 45 reflects a persisting downward trajectory in the token price.</p> 
<p>In summary, altFINS technical analysis remains neutral-to-bearish on XRP as long as the Channel Down pattern and 200-day MA breakdown remain intact. This signals that traders should await a technical trend reversal before adopting bullish positioning.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/cardanos-ada-can-easily-hit-5-says-top-crypto-analyst-heres-when/" target="_blank" rel="noreferrer noopener">Cardano’s ADA Can ‘Easily’ Hit $5 Says Top Crypto Analyst – Here’s When</a></li> 
 <li><a href="https://captainaltcoin.com/why-is-moneros-xmr-token-price-crashing/" target="_blank" rel="noreferrer noopener">Why is Monero’s XMR Token Price Crashing?</a></li> 
 <li><a href="https://captainaltcoin.com/twitch-gets-nervous-as-deestream-dst-platform-sees-huge-investment-from-avalanche-avax-chainlink-link-investors/" target="_blank" rel="noreferrer noopener">Twitch Gets Nervous as DeeStream (DST) Platform Sees Huge Investment from Avalanche (AVAX) &amp; Chainlink (LINK) Investors.</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" 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-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</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="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/why-ripple-xrp-is-poised-to-reach-10-soon/">Why Ripple (XRP) Is Poised to Reach $10 Soon?</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why Ripple (XRP) Is Poised to Reach $10 Soon?

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 7 февр. 2024 г.

NFT Polygon (MATIC) Turun 35 Persen, Ini Peluang Kripto Option2Trade (O2T)

Regulated OTC desks could spur crypto adoption

Embracing the Spirit of Nintendo: NexGami Ventures into the Wild Frontier of Web3 Gaming

EXGOLAND: The Dawn of a New Era in the Metaverse

Binance to Delist 11 Trading Pairs

DeFi Total Value Locked Hits $60 Billion – These Protocols Are Leading the Charge

Join our free newsletter for daily crypto updates!