The crypto community is now abuzz with some experts revealing their optimism about XRP, hinting that it would likely rise in price. On Wednesday, analyst Egrag Crypto predicted that XRP could hit $13 soon. According to the analyst, the market is in the “Nike Swoosh Pattern,” a bullish pattern on the chart indicating a huge surge in the near future.
#XRP WILL DO IT! 🚀 – Potential Target: $13 💰
We’re looking at the NIKE SWOOSH PATTERN 📈, with a potential target of $13. This is BIG! 💥#XRP WILL RISE & reward the loyal #XRPARMY 💪#XRPARMY STAY STEADY ⚔️ – ODIN is with us 🛡️ https://t.co/dE35xskIwi pic.twitter.com/fzbp6EyZV0
— EGRAG CRYPTO (@egragcrypto) September 25, 2024
With the anticipation of this rise, the dedicated XRP community, the XRPArmy, is actively searching for potential openings. Egrag Crypto called for the community to consider this a possible pivot for XRP and encouraged holders to remain calm and hold their tokens. The analysis reveals a high possibility of a sharp price increase. As of press time, XRP is at $0.5878, representing a 0.38% fall in the last 24 hours.
XRP Breakout Attempts
Moreover, another famous analyst, Javon Marks, supported these opinions and gave his insights on the XRP price. According to Marks, XRP has been attempting to break out of its trading range at least six times since the end of July 2024. Even those earlier attempts have not endured, and Marks said the next one could be different. He sees XRP prices rising back to the $2 to $3 range, and all the indicators point to an even bigger move.
$XRP has attempted a bullish breakout about 6 times or more since late July 2024 and with signals pointing towards a return back above $2-3, a holding and sustained breakout may be a matter of time and closer than many think!
In any moment, we can see XRP completely ‘rip’… https://t.co/4XS2uQuRtL
— JAVON⚡️MARKS (@JavonTM1) September 25, 2024
Marks has suggested that the breakout could occur at any time, and this is when an ‘extreme level of growth’ will be seen. Given the numerous signs of bullishness, the much-awaited rally may be just around the corner than expected. He has put a lot of focus on the fact that the market is more than capable of seeing XRP “rip” higher and this is a significant development for the cryptocurrency and those holding it.
XRP Price Signals Bullish Move with Key Backtests Complete
Bullish Indicators
The current technical indications are bullish, and the market sentiment is gathering momentum, which is good for XRP. If these predictions come true, then there is a high chance that long-term investors in XRP would be able to reap huge returns, and the token may hit another all-time high. The crypto community is eager to see what kind of movement XRP would make next in the coming days, weeks, or even months.
