Crypto experts have unveiled their bullish XRP price predictions despite the crypto’s stagnant price action. One factor that could contribute to this projected rally is the SEC Ripple appeal deadline which is fast approaching. If there is no appeal, it will ultimately end the long-running lawsuit which has bordered on XRP.
Crypto Experts Reveal Their Predictions For XRP
Expert Crypto Bitlord mentioned in an X post that he believes XRP is ready and that he expects a “parabolic explosion” to the upside within 24 hours. He advised market participants not to sleep on XRP as millions can be made by timing this move.
Crypto analyst Jackis also provided a bullish prediction for XRP. He shared an inverted chart in an X post while stating that the breakdown will be violent, although alluding to an imminent breakout. The chart showed that XRP could finally reach $1 when this projected breakout occurs.
Crypto analyst Dark Defender is also confident that XRP can reach $1 soon enough. He stated that XRP is ready to tear the last weekly Ichimoku Clouds which is at $0.6649. He predicts that the imminent move to the upside will also eliminate the January 2018 resistance which is above $1.03.
Mikybull Crypto is another expert that is bullish on XRP. He recently noted that a similar move from 2017 might happen for the crypto in this cycle. He remarked that history doesn’t always repeat itself but often rhymes. 2017 was the year when XRP enjoyed its historic 61,000% price surge in 280 days.
In another X post, Mikybull Crypto claimed that XRP has one of the most bullish macro charts out there. The accompanying chart he shared showed that the altcoin could, at some point, reach $45, although that looks unlikely to happen in this market cycle. However, crypto analysts like Egrag Crypto have predicted that XRP’s price can reach double digits in this bull run.
Bullish Pennant On The Chart
In an X post, crypto analyst Armando Pantoja highlighted a 7-year bullish pennant on XRP’s chart. He stated that he had never seen anything like this in all his years of trading. In line with this, he claimed that market participants are about to witness one of the “biggest breakouts” of the year.
He believes that the breakout should be parabolic considering that XRP’s price has consolidated for these seven years. He remarked that the charts rarely lie and that this setup is too perfect. His accompanying chart showed that the crypto can rise to $4 when this breakout finally happens.
At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to data from CoinMarketCap.