{"id":32402,"date":"2024-12-31T17:33:04","date_gmt":"2024-12-31T17:33:04","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=32402"},"modified":"2024-12-31T17:33:04","modified_gmt":"2024-12-31T17:33:04","slug":"heres-why-ripple-xrp-could-be-poised-for-a-big-price-movement","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=32402","title":{"rendered":"Here\u2019s Why Ripple (XRP) Could be Poised for a \u2018Big Price Movement\u2019"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

XRP is up 230% YTD, with analysts pointing to tightening Bollinger Bands and similarities to 2017\u2019s pre-bull run patterns as signs of a possible further rally.<\/span>
\nSome market observers suggest the price could hit $4 or even much higher, supported by declining exchange holdings, which reduce the immediate selling pressure.<\/p>\n

<\/a><\/span><\/h2>\n

Major XRP Rally on the Way?<\/h2>\n

Ripple\u2019s XRP has been among the worst-performing leading cryptocurrencies in the past seven days. On December 30, it briefly tumbled under $2 before it recovered some losses to the current $2.07 (per CoinGecko\u2019s data).<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Despite the bearish outlook in the last week, 2024 has been highly successful for XRP. <\/span>Recall that it<\/span>\u00a0was worth around $0.62 at the start of the year, meaning it has experienced a 230% price increase since then.<\/span> Multiple analysts believe it has much more room for growth.<\/span><\/p>\n

One of those is Ali Martinez, who <\/span>claimed<\/span><\/a> that the Bollinger Bands on the token\u2019s price chart have been squeezing lately, indicating a \u201cbig movement\u201d underway.<\/span><\/p>\n

This technical indicator, developed by John Bollinger in the early 1980s, assists traders in detecting when an asset may be overbought or oversold and spot potential price breakouts or reversals.<\/span><\/p>\n

Tightening the bands means XRP has experienced relatively low volatility for a prolonged time and might <\/span>be headed<\/span> for a <\/span>huge<\/span> rally (or correction).\u00a0<\/span><\/p>\n

JAVON MARKS remains an optimist and <\/span>suggested<\/span><\/a> that XRP\u2019s current price condition looks very similar to what transpired in 2017 (shortly before the bull run that took it to a new all-time high of over $3.4).\u00a0<\/span><\/p>\n

\u201cPrices right now may only be getting ready to come out of an \u2018Intermission Phase\u2019 before yet another \u2018groundbreaking\u2019 bullish rally! It may be time to strap in,\u201d the X user assumed.\u00a0<\/span><\/p>\n

Previous Predictions<\/span><\/h2>\n

Other market observers who have set bullish targets for Ripple\u2019s native token include Mikybull Crypto and Coach, JV. The former <\/span>expects<\/span><\/a> a rise to a new peak of $4, whereas the latter thinks that XRP would be one of those cryptocurrencies that investors will regret not buying at current rates:<\/span><\/p>\n

\u201cXRP will be one of these assets where people\u00a0<\/span>will<\/span>\u00a0say, \u201cI could have bought XRP at $2, $5, or $7, and will FOMO in at $100.\u201d The beauty in this. Everyone will win in the long run! It\u2019s the short-term mindset that destroys portfolios!\u201d<\/span><\/p>\n

Meanwhile, the amount of XRP stored on exchanges has been <\/span>declining<\/span><\/a> in the past week. <\/span>This<\/span> suggests a shift from centralized platforms towards private wallets <\/span>and<\/span> could <\/span>be considered<\/span> bullish since it reduces the immediate selling pressure.<\/span><\/p>\n

The post Here\u2019s Why Ripple (XRP) Could be Poised for a \u2018Big Price Movement\u2019<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR XRP is up 230% YTD, with analysts pointing to tightening Bollinger Bands and similarities to 2017\u2019s pre-bull run patterns as signs of a possible further rally. Some market observers suggest the price could hit $4 or even much higher, supported by declining exchange holdings, which reduce the immediate selling pressure. Major XRP Rally on […]<\/p>\n","protected":false},"author":0,"featured_media":32403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32402"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32402"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/32402\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/32403"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}