XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

As a seasoned crypto investor with a knack for spotting trends and a healthy dose of skepticism, I find myself intrigued by the recent surge in Ripple’s XRP. Having been through multiple bull and bear markets, I’ve learned to read between the lines and not rely solely on prophetic predictions or market hype.


Ripple‘s XRP is surging forward, shattering a significant barrier in its path. This surge has financial experts looking at this digital currency as a possible investment with high returns, with numerous analysts, such as Bret Hill, expressing similar views.

Currently, Pastor Brandon Biggs is gaining attention across social media platforms due to his “prophetic” forecast about a sudden rise in the value of XRP.

right now, XRP is being traded for approximately $0.603, marking a 4% increase over the last day. Over the past week, it has surged by nearly 5%, but its growth for the month has been relatively slower at 1.29%.

Multiple aspects are propelling this surge, moving technical analysis towards more conjectural forces. Let’s delve into the current state of XRP and anticipate possible future developments.

Analyst’s Bullish Comments

One of the big voices right now in the XRP room is crypto analyst Bret Hill. He just pointed out the importance of this break above consolidation, as seen by XRP’s recent movements.

**XRP/USDT Daily Chart Update:**
The XRP/USDT pair has recently shattered its period of limited movement, showcasing a strong upward trend known as a “bullish breakout.” This move has caused quite a stir on trading charts, with many traders excitedly exclaiming “Let’s go for it!” (LFG!). The price has soared to approximately **$0.6054**, and it’s evident that the bulls are in control of the market momentum at this time.
**Next Big Target:**…
— Brett (@Brett_Crypto_X) August 20, 2024

According to Hill’s analysis, this stage sets the path toward reaching the next potential resistance at $0.684 – a challenging hurdle for the bulls. This significant level isn’t just an arbitrary one, but a crucial point that, once surpassed, could indicate larger upward price movements.

XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

Investors might want to focus on the $0.684 mark now. If XRP manages to surpass this significant threshold, it could potentially ignite more substantial growth. The anticipation in the market is palpable, and this enthusiasm could serve as the catalyst pushing XRP prices upward.

Prophetic Predictions Rouse Interest

While technical analyses present one view, there is another controversial perspective covered. One of the most famous Christian prophets, Pastor Brandon Biggs, hit the headlines lately on his latest prediction related to XRP.

Specifically, Biggs posits that XRP might unexpectedly spike, potentially restoring its previous prominence within the crypto market. While this prediction is largely conjectural, it has sparked intrigue among cryptocurrency enthusiasts.

XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

He described a vision of a financial shift tied to the crypto, with a “rapid acceleration” in the token’s value. He believes it could be so fast that it catches investors by surprise.

These predictions are not derived from conventional market analysis, but rather they add an enticing dimension to the current discussion about XRP. For those who trust Biggs’ vision, XRP might signify something beyond a mere financial asset—possibly indicating its role in a larger, spiritually relevant occurrence.

Market Sentiment And Investor Behavior

From a technical perspective, it appears that the price of XRP may be heading upwards based on current market indicators. However, the forecasts from Biggs, which include some speculative and spiritual elements, add an extra layer of curiosity to the scenario.

XRP Smashes Through Resistance, Could Soar 15%, Analyst Says
XRP Price Forecast

In the upcoming week, it appears that Ripple (XRP) could follow a popular upward trend, according to indications from the cryptocurrency market. These signs suggest a potentially positive movement, as perched by data from the cryptocurrency price forecast platform, CoinCheckup.

Presently, the projected value is showing a decrease by 20% for the upcoming month, suggesting there might be a short-term decline prior to a significant increase.

It’s highly probable that traders can capitalize on the temporary dip by taking advantage of the potential profits this brief adjustment might bring. The technical signs suggest that XRP is building up speed, which may push its price upward as investor confidence increases.

Over the next three months, it’s anticipated that XRP could experience a 25% increase, and if we look ahead to the following six months, there seems to be a generally optimistic outlook with around a 170% growth potential for XRP.

Read More

Sorry. No data so far.

2024-08-22 14:47