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Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

XRP Price Prediction: Analyst Says God Candle Will Send Price To $57

Scott Matherson
Scott Matherson
11 months ago
3 mins read
XRP price

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Crypto analyst Amonyx has laid an ultra bullish price prediction for the XRP price, predicting that the crypto token could reach double digits at some point. This comes amid XRP’s continued underperformance despite the conclusion of the case between Ripple and the US Securities and Exchange Commission (SEC). 

Massive God Candle To Send XRP Price To $57

Crypto analyst Amonyx mentioned in an X (formerly Twitter) post that a massive God candle was loading, which would send XRP’s price to $57. Based on the chart that the analyst shared, the crypto token will rise to this price level sometime next year, possibly at the peak of this market cycle. 

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XRP Price
Source: X

The analyst failed to provide insights into what could cause XRP to reach such an ambitious price target. However, a more recent X post from the analysts suggests that the analyst believes that the potential launch of a Spot XRP ETF could allow the crypto token to reach such unprecedented heights.  

A Spot XRP ETF is a catalyst that other crypto analysts, like Common Sense Crypto, have also alluded to explain why XRP’s price could even reach three digits. An XRP ETF will undoubtedly cause new money to flow into the XRP ecosystem, leading to a price surge. However, it remains uncertain that such a fund can push XRP to such lofty heights. 

The likelihood of a Spot XRP ETF launching looks higher following the recent conclusion of the case between Ripple and the SEC. However, members of the XRP community will likely be cautious about getting their hopes too high about the launch of such a fund and the impact it could have on XRP’s price, especially having seen how the crypto token has performed since the lawsuit ended.

The conclusion of the case between Ripple and the SEC was projected to be a catalyst that could send XRP to as high as $1 in the short term. However, XRP has shown no signs of reaching that price mark anytime soon, as it failed to break above the $0.6 resistance even after Judge Analisa Torres’ recent ruling. 

XRP’s Bullish Breakout Will Send Price To $263

Crypto analyst Javon Marks has offered a more bullish price prediction for XRP, stating that a bullish breakout could send the crypto token to $263 based on the Full Logarithmic Follow-Through indicator. 

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XRP Price 2
Source: X

The analyst added that this bullish breakout is more than possible, noting that XRP is nearing the converging point of a near “7-year consolidation/pattern development.” He added that the crypto token has also displayed multiple bullish signals, suggesting that this bullish breakout could happen at some point. 

At the time of writing, XRP is trading at around $0.56, down over 2% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com
XRP price sees sharp decline | 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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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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