The post XRP Price Prediction: XRP Price Is Poised to Hit $4, Says Top Crypto Analyst appeared first on Coinpedia Fintech News
Renowned Bitcoin analyst Mikybull has caught the attention of the cryptocurrency community with his bold prediction for XRP. According to Mikybull, a significant bullish tide is on the horizon for XRP, which could potentially push its value above the $4 mark.
This forecast comes amidst a growing surge in XRP’s price, which currently stands at $0.6145, as there’s been a slight uptick in its value.
XRP Bulls Eyeing $4
In a recent analysis, Mikybull compared XRP’s current market conditions to past bull cycles, particularly focusing on trends seen in late 2017 and 2021. Based on historical chart patterns, he suggests that XRP may be gearing up for a major breakout, potentially leading to significant gains.
A huge bullish tide is about to turn on pic.twitter.com/pxXGHfHeZc
— Mikybull
Crypto (@MikybullCrypto) April 9, 2024
Mikybull’s chart indicates that XRP’s current trajectory mirrors previous patterns that resulted in substantial price increases, such as its surge to an all-time high of $3.84 in January 2018.
Moreover, Mikybull previously set a $6 target for XRP, based on symmetrical triangle formations observed in its charts. He believes that XRP’s breakout from these patterns could drive it to new highs, with $6 as a specific target.
$XRP has just broken out of the symmetrical triangle and the closure above it will send it higher.
Pattern potential target: $6 pic.twitter.com/WEphjq99UF
— Mikybull
While Mikybull hasn’t provided a precise timeline for this bullish momentum, he remains confident that it will occur before the current bull market phase ends.
Also Check Out : Crypto Market Live: BTC Price Drops Below $70,000, While CKB and TAO Maintain a Bullish Streek
Best Buying Opportunity For XRP
Adding to the optimism surrounding XRP, prominent crypto trader Barric shared his perspective on XRP’s long-term value, suggesting that XRP price below $0.80 presents a favorable buying opportunity. However, Barric predicts a shift in perception as the bull run progresses, with prices between $1 to $3 being considered affordable by its conclusion.
Looking ahead to future halving and bull run periods, Barric predicts that XRP could see substantial appreciation in the coming years, with potential price targets ranging from $10 to $500 by 2032-2033.
XRP Price Analysis
As of now XRP, XRP is trading at $0.61, reflecting a slight increase in the last 24 hours. Moreover, the trading volume has surged by 20%, reaching $2.38 billion, while its market cap stands at $33.7 billion.
