[ccpw id="39382"]

HomeCrypto NewsMarketXRP To Hit 100% Surge Against Bitcoin Post Halving: Analyst

XRP To Hit 100% Surge Against Bitcoin Post Halving: Analyst

Date:

Written By:

Current projections from market analysts suggest sustained growth in the price of XRP against Bitcoin (BTC), with one hinting at a potential 100% surge post-halving.

Market analysts now pay closer attention to the price of XRP. This optimism comes despite the headwinds lurking via the yet-to-be-concluded Ripple lawsuit against the United States Securities and Exchange Commission (SEC). 

Renowned market analyst CrediBULL Crypto shared his technical take on the XRP/BTC pair, identifying the duo’s “accumulation phase” inside a larger demand area. This setup is indicative of a move upward, mimicking a related bullish trend historically spotted by the analyst.

- Advertisement -

XRP and Possible Price Target

For CrediBULL, XRP has what it takes to return 100% gains to investors after the halving event. In the short term, the analyst’s estimate is a 15-20% growth. He noted that if XRP surpasses the next major resistance of 35% higher, a jump to 100% against BTC is possible.

To hint at his conviction, CrediBULL Crypto noted he had topped his position for the fourth time. With the “RSI Divergence” indicator backing his accumulation decision, the analyst is optimistic that a market trend reversal will be just around the corner.

To put an actual price target on XRP, market analyst Dark Defender sees a short-term target of $1.33. Should the stellar performance continue, he believes XRP can hit the $1.88 and $5.85 mid to long-term, a projection that aligns with Jake Gagain forecasts.

At the time of writing, XRP price and market cap have recorded a 4.66% jump in 24 hours to $0.6366 and $34,941,520,495. The trading volume has also increased 13.83% in the same timespan to $2,792,777,983.

- Advertisement -

Other XRP Predictions

A well-known investor in Bitcoin, Davinci Jeremie suggested that XRP is poised for a significant upward movement. The investor cites the possibility of manipulative pumps that could push XRP up to $1.33.

According to crypto analyst Steve Courtney, the XRP Stoch RSI indicates promising momentum. He sees a similar bullish pattern to the one that occurred between 2013 and 2017. The market analyst wonders if the market could experience a similar 58,431% rally this time. If XRP were to witness such a massive upsurge, its current price of $0.6030 would skyrocket to $352.94.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Godfrey Benjamin
Godfrey Benjaminhttps://thecryptobasic.com/
Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web3.0. His love for crypto was birthed when as a former banker, he discovered the obvious advantaged of decentralized money over traditional payments. With his vast experience covering different aspects of Web3, Godfrey's articles has been featured on Blockchain News, Cryptonews Com, and Coingape amongst others. When not writing contents related to crypto, you can find him playing video games.

More from Author

Latest Stories

Guides