Massive XRP Rally Incoming? Analyst Predicts 220% Price Jump – Details

Christian Encila

8 months ago

3 mins read

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Veteran bitcoin trader Bitlord recently made a strong call implying XRP is about to experience a big price surge. He claims the coin is “ripe” for a parabolic action that might make investors quite profitable.

XRP might see a significant price ascent, even if it lags behind other leading cryptocurrencies in recent increases. With a bullish XRP price prediction of 113% increase over the next year, CoinCheckup further fuels the increasing optimism on the token.

XRP rose just 3% last week; in comparison major cryptocurrencies like Ethereum and Solana jumped by more than 10%. XRP was down 1% in the last 24 hours, while its competitors showed 2% increase. Still, Bitlord thinks the altcoin is set to explode in the next 24 hours. His reasoning isn’t entirely clear, but his history of making accurate predictions is enough for many traders to watch the token closely.

I think $XRP is ready

-Expecting a parabolic explosion vertically within 24hrs.

Don’t sleep, millions can be made timing this move 🚀

— Crypto Bitlord (@crypto_bitlord7) September 22, 2024

Trading Momentum And Patterns

Not only is Bitlord staring at XRP for a possible breakout. The Moon, another trader, has noted a symmetrical triangle pattern developing on the weekly chart of XRP.

Often indicating a period of consolidation before a major change, this technical arrangement shows converging support and resistance lines. According to the trader’s study, XRP might explode by an amazing 221% should it break above the upper resistance line, hence perhaps guiding the price above $1.34.

💥#XRP may explode in this bull cycle! If it breaks out of this massive triangle, it could go parabolic! pic.twitter.com/wG2SeexCca

— The Moon (@TheMoonCarl) September 21, 2024

Apart from these increases, XRP’s price movement over the past week shows encouraging signals. The coin showed a noteworthy peak for the month, touching $0.61 before declining to $0.5796. Given the traders’ ongoing interest in the asset, this surge might suggest more notable upward moves.

XRP market cap currently at $33 billion. Chart: TradingView.com

XRP: Short-Term Gains Or Long-Term Play?

Although some traders remain optimistic despite XRP’s slow performance in recent months casting questions on its capacity to maintain pace with rivals. Bitlord’s insistence on a parabolic action has some validity.

Going from $0.43 to $0.6366, he counseled investors back in July to purchase XRP before it jumped by 48% within a week. Those who took his advice profited handsomely, and many are hoping for a repeat performance.

Technical data from CoinCheckup only go to reinforce hope. Based on their prediction, XRP will surge 19% in the next month and 16% in the following three months. Their predicted growth of 138% in the next six months may indicate an excellent bull run.

A Potential Parabolic Move?

It remains to be seen whether XRP would really see the parabolic surge Bitlord predicts. But the token looks to be preparing for something big with a mix of technical signs and positive sentiment. XRP may be appealing to traders seeking a high-reward opportunity, but timing will be vital as always in the erratic crypto market.

Featured image from Bit Perfect Solutions, chart from TradingView

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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