CandleFocus Analyst Predicts XRP Surge vs. BTC, Eyeing XRP Above $6
2024-09-30
Author: Content Editor
The analyst Cryptobilbuwoo predicts that XRP will experience a significant spike against Bitcoin, potentially leading to a new all-time high for the altcoin. Comparing XRP's current trajectory to its behavior in 2017, the analyst believes that the patterns seen now mirror those that led to a substantial surge seven years ago. If these similarities continue, XRP could surpass the $6 mark. Cryptobilbuwoo shared two charts detailing the movement of the XRP/BTC pair from March 2017 to September 2024, pointing out the similarities in structure between the two periods. Data from both charts also indicates an oversold signal during the consolidation phase, suggesting that buyers may regain control and trigger another notable price surge. The analyst's first target for XRP is around $6.15, approximately 88% of its previous 2017 high, and believes that this price level, along with the potential price level of Bitcoin, could drive XRP even higher.
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