{"id":35878,"date":"2024-02-07T14:52:34","date_gmt":"2024-02-07T18:52:34","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=35878"},"modified":"2024-02-07T14:52:34","modified_gmt":"2024-02-07T18:52:34","slug":"xrp-bulls-looming-analyst-predicts-400x-with-historical-trend","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/07\/xrp-bulls-looming-analyst-predicts-400x-with-historical-trend\/","title":{"rendered":"XRP Bulls Looming: Analyst Predicts 400X With Historical Trend"},"content":{"rendered":"

XRP<\/a> is one of the most affected crypto assets amid the general bearish sentiment within the market, as the token has been on a downtrend for a while now, struggling between the $0.49 and $0.50 price marks.<\/p>\n

XRP Could Be Poised For A Massive Surge To $10<\/h2>\n

Even though the digital asset is now in a bearish phase, a substantial price rally might be in store for the coin. Several crypto analysts have been bullish on the token, predicting significant upward movement that could take XRP to a new all-time high.<\/p>\n

One of the popular crypto experts<\/a> who has shared an optimistic projection for the asset is Crypto Patel. Patel shared<\/a> his latest forecast on the social media platform X (formerly Twitter) with his thousands of followers. The analyst believes that this is finally the \u201ctime for XRP to shine\u201d and go parabolic due to past trends.<\/p>\n

According to Patel, during the last bull market, the crypto asset \u201cfailed\u201d to perform very well alongside other tokens like Bitcoin<\/a>. He highlighted that while Bitcoin reached its all-time high in the last bull market, XRP failed to surpass its 2017 peak of $3.30.\u00a0 However, he asserted that this was because of the legal battle between Ripple<\/a> and the US Securities and Exchange Commission (SEC) regarding XRP\u2019s non-security nature.<\/p>\n

So far, Patel believes that with the recent SEC victory over Ripple, perhaps the \u201cfloodgates\u201d might be open for a breakout. He pointed out that a 2017 triangle breakdown, which formed before XRP went parabolic, is reappearing on the yearly chart.<\/p>\n

Patel has asserted that if the coin mirrors the trend in 2017, it could be poised for a massive rally. \u201cIf 2017\u2019s 40,000% pump repeats, we could see mind-blowing $10+ XRP,\u201d he stated.<\/p>\n

A 6-Year Long Brutal Bear Days<\/h2>\n

Over the past six years, XRP\u2019s price<\/a> has unquestionably gathered more positive fundamental qualities after consolidating in a triangle range. \u201cSurvived 2,291 \u2013 6+ Years brutal bear days, this coiling pattern signals Ripple\u2019s ready to erupt,\u201d Patel stated.<\/p>\n

Due to this, the cryptocurrency analyst anticipates that the price of XRP will rise to $0.90. However, this is expected to occur following a successful breakout from the $0.40 and $0.50 price range.<\/p>\n

After that, the crypto expert believes there will be no doubt as to the route to a new peak and a parabolic rise to $10. He further underscored several price targets for XRP, while putting his accumulation range between \u201c40 and 50 cents.\u201dnPatel has urged the community to look out for the digital asset, as it might be on the \u201claunching pad again.\u201d<\/p>\n

As of the time of writing, XRP\u2019s price is trading slightly below $0.50, indicating a 2% decrease in the past week. Despite the price decline, its trading volume has increased by over 15% in the past day, according to CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

XRP<\/a> is one of the most affected crypto assets amid the general bearish sentiment within the market, as the token has been on a downtrend for a while now, struggling between the $0.49 and $0.50 price marks.<\/p>\n

XRP Could Be Poised For A Massive Surge To $10<\/h2>\n

Even though the digital asset is now in a bearish phase, a substantial price rally might be in store for the coin. Several crypto analysts have been bullish on the token, predicting significant upward movement that could take XRP to a new all-time high.<\/p>\n

One of the popular crypto experts<\/a> who has shared an optimistic projection for the asset is Crypto Patel. Patel shared<\/a> his latest forecast on the social media platform X (formerly Twitter) with his thousands of followers. The analyst believes that this is finally the \u201ctime for XRP to shine\u201d and go parabolic due to past trends.<\/p>\n

According to Patel, during the last bull market, the crypto asset \u201cfailed\u201d to perform very well alongside other tokens like Bitcoin<\/a>. He highlighted that while Bitcoin reached its all-time high in the last bull market, XRP failed to surpass its 2017 peak of $3.30.\u00a0 However, he asserted that this was because of the legal battle between Ripple<\/a> and the US Securities and Exchange Commission (SEC) regarding XRP\u2019s non-security nature.<\/p>\n

So far, Patel believes that with the recent SEC victory over Ripple, perhaps the \u201cfloodgates\u201d might be open for a breakout. He pointed out that a 2017 triangle breakdown, which formed before XRP went parabolic, is reappearing on the yearly chart.<\/p>\n

Patel has asserted that if the coin mirrors the trend in 2017, it could be poised for a massive rally. \u201cIf 2017\u2019s 40,000% pump repeats, we could see mind-blowing $10+ XRP,\u201d he stated.<\/p>\n

A 6-Year Long Brutal Bear Days<\/h2>\n

Over the past six years, XRP\u2019s price<\/a> has unquestionably gathered more positive fundamental qualities after consolidating in a triangle range. \u201cSurvived 2,291 \u2013 6+ Years brutal bear days, this coiling pattern signals Ripple\u2019s ready to erupt,\u201d Patel stated.<\/p>\n

Due to this, the cryptocurrency analyst anticipates that the price of XRP will rise to $0.90. However, this is expected to occur following a successful breakout from the $0.40 and $0.50 price range.<\/p>\n

After that, the crypto expert believes there will be no doubt as to the route to a new peak and a parabolic rise to $10. He further underscored several price targets for XRP, while putting his accumulation range between \u201c40 and 50 cents.\u201dnPatel has urged the community to look out for the digital asset, as it might be on the \u201claunching pad again.\u201d<\/p>\n

As of the time of writing, XRP\u2019s price is trading slightly below $0.50, indicating a 2% decrease in the past week. Despite the price decline, its trading volume has increased by over 15% in the past day, according to CoinMarketCap.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-35878","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=35878"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35878\/revisions"}],"predecessor-version":[{"id":35886,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/35878\/revisions\/35886"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=35878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=35878"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=35878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}