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 <p class="paragraph">Throughout February 2024, XRP has been making interesting moves on the crypto market as it saw, in quick succession, dormant whale wallets come to life to dump as much as $100 million worth of cryptocurrency, and one-day inflows amount to as much as $1 billion.</p>
 <p class="paragraph">Generally, XRP has been increasingly interesting to investors as Ripple Labs managed to score several important victories in its long-standing legal battle against the U.S. Securities and Exchange Commission (SEC) – though some 2024 developments indicate the fight is far from over.</p>
 <p class="paragraph">The token has also recently started rising – along with many other cryptocurrencies – after a brief depression that affected the entire crypto market following the approval of nine spot Bitcoin (BTC) exchange-traded funds (ETFs) early in January, and now, one <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> pointed out that it may be in for a massive rally.</p>
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 <h2 class="wp-block-heading" id="h-rsi-<a rel=" dofollow title="Category Analysis" href="https://thebittimes.com/analysis.html" rel="noopener noreferrer nofollow">Analysis-hits-toward-massive-xrp-surge"&gt;RSI <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> hits toward massive XRP surge</h2>
 <p class="paragraph">The relative strength index (RSI) for the Bitcoin-XRP trading pair on the weekly chart matches the one seen in the 2017 and 2021 bull runs, per the <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> conducted on February 19 by <em>Dark Defender</em>, a crypto <a rel="noopener noreferrer nofollow" title="expert" href="https://thebittimes.com/tag/expert.html">expert</a> who commonly shares his findings on X.</p>
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    <p lang="en" dir="ltr">RSI for the #XRP/#BTC pair in the weekly time frame stands in the same place as it did before the 2017 &amp; 2021 XRP Bull Runs.<br><br>RSI tells us, the 2024 Run is here. pic.twitter.com/M9dSKncSfN</p>— Dark Defender (@DefendDark) February 19, 2024
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 <p class="paragraph">In December 2017, XRP started a surge that, in a mere month, sent it from approximately $0.20 to its all-time high of $3.84 on January 4, 2018. Similarly, its 2021 rally saw it rise from about $0.50 to above $1.50 in a little over one month’s time.&nbsp;</p>
 <p class="paragraph">Indeed, not only did <em>Dark Defender </em>conclude that XRP is likely to soon enter its 2024 bull run that could see it soar as high as $2, but also shared his observation that its market movements closely mimic those of the previous massive rallies in a post published one day earlier – on February 18.</p>
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    <p lang="en" dir="ltr">Great discussions on ODL or programmatic sales of #XRP are ongoing and created significant FUD where I had no impact.<br><br>Meanwhile, XRP preparing for the surge.<br><br>Just see the $0.6649 level &amp; how quickly it escalated towards an all-time high and the $2 level previously.<br><br>All will… pic.twitter.com/IFnSYc6HFG</p>— Dark Defender (@DefendDark) February 18, 2024
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 <p class="paragraph">Technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> (TA) of XRP, based on its last week of trading and provided by <em>TradingView, </em>is decidedly more neutral, with oscillators rating the cryptocurrency as a “buy,” and moving averages as a “sell.”</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Q2lP3tX3oQ1T7eTN4CmAeki_TDwf8n44X3pIYQRdFpfz0R5dpo4Dbnj_eyA1BZBKV_EAPL6x998Dh0RxH2a6ViWC4SvYGBHMUcKCu4yrf8zKs4G4ZUJHvkGS9iLa8Bz8tAA9rbVkMlU1A5B_ElTPyWA" alt>
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   XRP technicals. Source: TradingView
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 <h2 class="wp-block-heading" id="h-xrp-price-analysis">XRP price analysis</h2>
 <p class="paragraph">Should XRP manage to enter into a bull run in the coming days, it would, in several ways, be a continuation of its recent performance. Indeed, cryptocurrency has generally been rising in the previous 52 weeks and is 44.76% in the green in the timeframe.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/RK1HXGFTqFGUlyHz_13YGNJsqYXztfdfJ4w693JBLbGKMIitp_McSq6Tq49XdHas3WmKTnno3lGwn64nGFIWVcbOA0FaAzwsEcylJmOwzH98uJMl1UVRewMtKL_ppsgoKCnQfjnCnMKaIFFlIo-Yc4k" alt>
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   XRP 1-year price chart. Source: Finbold
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 <p class="paragraph">Additionally, while it significantly declined in January and is, as of the time of publication, 11.41% in the red, year-to-date (YTD), it has, more recently, been regaining ground. In the last 30 days, it rose 2.78%, and 6.67% in the last week. The last 24 hours of trading, however, brought a small decline of 0.10%, and the token is worth $0.56 at press time.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/xrp-set-to-soar-as-expert-identifies-2024-run-to-2-tbt80229.html">https://thebittimes.com/xrp-set-to-soar-as-expert-identifies-2024-run-to-2-tbt80229.html</a></p>

XRP set to soar as expert identifies ‘2024 Run’ to $2

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