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Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?
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Breaking News: Bitcoin, XRP, Ethereum Dip Post Fed's Rate Cut: What’s Next For Crypto?

Crypto Analyst Forecasts A 4,000% XRP Price Run To $30, Here’s When

Scott Matherson
Scott Matherson
Last Updated: June 11, 2024 7:46 am
4 mins read
Dogecoin

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Despite the unimpressive XRP price action, this crypto analyst has predicted that the crypto token could witness a God candle that will send its price to unprecedented heights. The analyst also suggested when this parabolic move will happen. 

XRP Price To Rise To $30 Soon Enough

Crypto analyst DustyBC shared a chart on his X (formerly Twitter) platform in which he predicts that XRP will experience a God candle that will send its price to 30, representing about a 4,000% price gain for the crypto token. Interestingly, the crypto token suggested that this move will happen sometime this year. 

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XRP 1
Source: X

DustyBC’s prediction is based on a symmetrical triangle, showing how XRP has been consolidating for years and is well primed for a breakout. Given how lengthy this consolidation has been (since 2017), the analyst believes that such a parabolic rise is possible. Crypto analyst CasiTrades also thinks that XRP can record such price gains. 

She mentioned in an X post that XRP is about to “complete its 2245-day triangle,” which could present a chance of a lifetime. She had previously raised the possibility of XRP rising to as high as $80 when it breaks out of the consolidation triangle. CasiTrades also recently mentioned that XRP had consolidated even further over the past few days, claiming that a breakout was imminent. 

XRP 2
Source:

The crypto analyst also alluded to XRP’s “interesting” Relative Strength Index (RSI) as another reason to be bullish on the crypto token. She acknowledged that XRP’s price hasn’t changed much but noted that there are signs for an imminent breakout. 

Crypto analyst Egrag Crypto also recently revealed that XRP’s RSI has dropped to its lowest in history while highlighting how bullish this was for the crypto token. XRP currently has a low RSI, which suggests that the crypto token is undervalued and could rise soon enough to attain its fair value. Meanwhile, Egrag charted two paths that XRP could follow as it rises to a price target of $7.5. 

XRP Is About To Make A Name For Itself

Crypto analyst Javon Marks recently suggested that XRP is about to go parabolic, stating, “If XRP hasn’t already made a name for itself, it sure looks as if it’s about to do so now.” He made this statement while revealing a Hidden Bullish Divergence that had formed on XRP’s chart. He claimed that XRP saw a price gain of over 63,000% in less than one year the last time this setup formed on the charts.

XRP 3
Source: X

The crypto analyst added that such price gain is possible again, with XRP currently at its breaking point. Marks had previously predicted that XRP could enjoy a 33,000% price gain, sending it above $200. 

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At the time of writing, XRP is trading at around $0.52, up in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
XRP price recovers | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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