XRP, the native token of Ripple Labs, continues to draw attention from crypto enthusiasts and seems poised for a significant rally. Recently, a prominent crypto expert made a post on X (formerly Twitter) that sparked considerable interest.
Expert Prediction on XRP
The crypto expert noted that the last time the technical indicator Supertrend flipped to bullish and signaled a buy on the 12-hour time frame, XRP skyrocketed by 470%. Now, the altcoin has turned bullish again. This post on X has drawn attention from users worldwide, who are expecting similar growth.
Technical Analysis and XRP Quotations
At press time, XRP is trading near $2.41, experiencing a modest rise of 0.81% over the past 24 hours. During the same period, its trading volume increased by 10%, indicating higher participation from traders and investors. Expert technical analysis shows that XRP has been consolidating between $2.37 and $2.46 over the last five days, following the breakout of a bullish pennant pattern on the daily chart.
Key Levels and Future Movement
Based on recent data, if XRP breaches this range and closes a daily candle above $2.48, there's a strong possibility of an 85% price increase to reach $4.54 in the future. Currently, traders and long-term holders are showing heightened interest in the token, as reported by the analytics firm Coinglass.
In conclusion, XRP is showing strong technical indicators for potential growth. Enthusiasts, experts, and traders continue to monitor the token's dynamics, anticipating new price achievements.
