Veteran bitcoin trader Bitlord recently made a strong call implying XRP is about to experience a big price surge. He claims the coin is \u201cripe\u201d for a parabolic action that might make investors quite profitable.<\/p>\n
XRP might see a significant price ascent, even if it lags behind other leading cryptocurrencies in recent increases. With a bullish XRP price prediction<\/a> of 113% increase over the next year, CoinCheckup further fuels the increasing optimism on the token.<\/p>\n XRP rose just 3% last week; in comparison major cryptocurrencies like Ethereum and Solana jumped by more than 10%. XRP was down 1% in the last 24 hours, while its competitors showed 2% increase. Still, Bitlord thinks the altcoin is set to explode<\/a> in the next 24 hours. His reasoning isn\u2019t entirely clear, but his history of making accurate predictions is enough for many traders to watch the token closely.<\/p>\n I think $XRP<\/a> is ready<\/p>\n -Expecting a parabolic explosion vertically within 24hrs.<\/p>\n Don\u2019t sleep, millions can be made timing this move <\/p>\n \u2014 Crypto Bitlord (@crypto_bitlord7) September 22, 2024<\/a><\/p>\n Not only is Bitlord staring at XRP for a possible breakout. The Moon, another trader, has noted a symmetrical triangle pattern developing on the weekly chart of XRP.<\/p>\n Often indicating a period of consolidation before a major change, this technical arrangement shows converging support and resistance lines. According to the trader\u2019s study, XRP might explode by an amazing 221% should it break above the upper resistance line, hence perhaps guiding the price above $1.34.<\/p>\n #XRP<\/a> may explode in this bull cycle! If it breaks out of this massive triangle, it could go parabolic! pic.twitter.com\/wG2SeexCca<\/a><\/p>\nTrading Momentum And Patterns<\/h2>\n