XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move

Scott Matherson

1 year ago

4 mins read

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.

The XRP price keeps being projected to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally.

Three Determinants For A “Parabolic Move”

In a post shared on his X (formerly Twitter) platform, crypto analyst JD noted that XRP’s monthly was coming. He went on to state three things that “need” to happen if XRP is to see a massive rally. The first factor he highlighted was the Stochastic Relative Strength Index (SRSI). He stated that there has to be a bullish cross on the SRSI.

The SRSI is a technical indicator that is generally used to forecast market trends. It measures the strengths and weaknesses of the relative strength indicator (RSI). It is from this RSI it also derives its value from.

Source: X

Still emphasizing the SRSI, JD stated that the second factor is that both SRSI lines must cross above 80. This level refers to an overbought condition in the XRP market. As such, it is unclear why JD considers it bullish, considering that traders usually see an overbought condition as a sell signal with an impending correction in mind.

XRP Price To Breakout In 2025

For the third factor, JD alluded to an 8-year trendline break. In the accompanying chart that he shared, one could see that he was projecting XRP to break out in 2025 following 8 years of consolidation. In the chart, he also highlighted how XRP broke out in 2017 after a 4-year consolidation.

Some analysts seem to be betting on XRP, enjoying a similar rally to the one that happened back in 2017. The crypto token is known to have seen a 61,000% gain in 280 days and crypto analyst CryptoInsightUK recently shared his thoughts on that happening. Without directly stating if a repeat could happen, he outlined several factors that put XRP in a better position than then.

Another crypto analyst who has referred to the 2017 period in his projection is Egrag Crypto. He recently mentioned that $27 is a “plausible target” for XRP’s price with the 2017 surge in mind. He didn’t, however, mention when exactly XRP could attain such heights. More recently, Egrag stated that XRP is on the “brink of a bullish cross.”

Many analysts continue to give their opinion on what price level XRP could hit, with some stating that XRP could rise to as high as $10,000. It remains to be seen how much of these bullish projections will be actualized. At the time of writing, XRP is trading at around $0.61, up over 1% in the last 24 hours, according to data from CoinMarketCap.

Token price holds $0.61 | Source: XRPUSD on Tradingview.com

Featured image from Xataka, chart from Tradingview.com

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.

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.

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.