XRP, the sixth-largest cryptocurrency by market cap, regained support of $ 1.25 after a daily drop of $ 1.22. Currently, altcoin is looking to overcome the sudden resistance of $ 1.35, which could reach the next level of $ 1.50. Altcoin is currently down 3% from its daily high of $ 1.30, but its price is expected to rise further as the XRP / BTC pair is on the verge of a big break.
Source: TradingView
In the one-day XRP / BTC chart, the price of the sixth largest crypto token formed an equilateral triangle, looking for a break over a pattern that could lead to new highs. Altcoin in the second phase of the upward trend can mimic the 2017 upward momentum, when the price rose more than 1000% in the second half of the upward trend.
Source: TradingView
XRP’s price could grow 2300% to $ 20-30: analyst
Trusted crypto, Twitter’s popular crypto analyst, believes one of the bullish races in 2017, as the rally is just around the corner, is that XRP failed to reach ATH in the first half of the bullish cycle, allowing the potential to rise even higher. During the 2017 bullish cycle, the price of XRP rose from $ 0.27 to $ 3.30 during the month, the analyst noted. Said:,
“The biggest profit comes from the last 10% of the bull market. Please note that XRP traded at $ 0.22 in 2017, rising to $ 3.30 a month later. This was repeated 10 times a month. You can expect that here, too. If we can get past the all – time high in the coming months, I think it will be easy for us-3 to 5 times-that makes a lot of sense. Again, we grew 10-fold in 2017. 3 to 5 times-it’s easy. Where I intend to make a profit of at least $ 10.00.”
Trusted crypto predicted that if XRP succeeds in retesting the ATH next month, it will see an explosive price increase that could easily push the price to $ 30.
“We have a way to go, that’s what I want here. Again, my targets for xrp, as I’ve said many times before, are decidedly between $ 20 and $ 30 at the end of this bullish cycle, six or no.
