XRP Flips Green For First Time Since 2017, Pundit Predicts 500% Rally
XRP Price Analysis and Predictions:
- Mikybull Crypto suggests XRP could rally between $5 and $15, marking a potential 500% increase. The altcoin has turned green on the quarterly chart for the first time since 2017.
- The analyst emphasizes that breaking above resistance levels, like in 2017, is crucial for this rally.
- Key milestones include flipping $2.90 into support and surpassing the $3 psychological barrier.
- Another analyst, Egrag Crypto, forecasts a more bullish scenario, predicting a surge to $33, referencing the 2017 bull cycle as a precedent.
- Egrag mentions a 70% chance of a price flush-out before an uptrend, which he considers structurally healthy.
- CasiTrades points out bearish divergences, suggesting lower support tests at $2.79 and $2.58 are likely before a breakout.
- If XRP breaks below $2.58, it could threaten the bullish structure, impacting long-term prospects.
Current Status:
- XRP is trading around $2.8, experiencing a decline over the past 24 hours.
