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HomeCrypto NewsMarketCrypto Wizard Says XRP Turbo Candle Inbound, Cites Likely 210% Price Pump

Crypto Wizard Says XRP Turbo Candle Inbound, Cites Likely 210% Price Pump

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A widely followed market observer, Crypto Wizard, has highlighted that XRP’s turbo candle is inbound, indicating the potential for the asset to break a three-year high in the short term.

At the time of the post, XRP had just reclaimed the $0.63 level after having traded in the $0.58 range two days earlier. XRP’s move back into the $0.60 region sparked significant attention in the crypto community, enabling it to climb even higher.

In particular, XRP has since hit $0.66, a threshold it last traded at in March when XRP set a yearly high above $0.74. This commendable price action over the weekend has given confidence to analysts like Crypto Wizard that higher price points are in sight.

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XRP Likely to Pump by 210% to $2

In the chart accompanying the update, this analyst depicted the potential path XRP could take next. He forecasted XRP engineering a strong, tall green candle, where its price could pump as high as $2 soon.

The chart highlighted a previous occurrence during the last bull season. Looking at XRP on the monthly timeframe, the chart pattern depicted a towering rally to $1.96 in 2021 before the momentum waned. He sees a repeat of that.

At press time, XRP is back in the $0.645 range, given the ongoing retracement in the broader crypto market. Reaching $2 would require a growth of 210% from the current price level, amounting to a 2X return for current holders.

Analyst Expecting $1.5M Profit from XRP at $2

Other market analysts, like Michael XBT, a Bitcoin investor since 2014, agreed with Crypto Wizard’s view about XRP’s outlook. Responding to the post, he shared a GIF suggesting XRP would be “printing money” continuously for holders in the coming days.

In August, Michael disclosed that he expects to net as much as $1.5 million in profit from his XRP position should the asset reach $2. In recent comments, he cautioned XRP holders against selling their holdings, emphasizing that after holding for seven years, it would be unwise to sell right before a breakout.

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He believes XRP is just starting to surge, and those who sell now risk missing out on significant gains ahead.

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.

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Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

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