Don’t Miss Out: Analyst Predicts XRP Rally To $1.20 With This Critical Condition

The price of XRP, the native token of RippleNet, is stirring speculation after prominent crypto analysts offered conflicting outlooks. While both predict a potential surge, the conditions and reasoning behind their forecasts diverge significantly. Related Reading: Bullish Winds Blow: Bitcoin Bull Flag Points To New $77,000 ATH: Analyst XRP Rally Hinges On $0.75 Hurdle, Analyst Says CryptoInsightuk, a well-known analyst, believes XRP is on the cusp of a major rally, with an increase to $1.20 soon. However, his optimism hinges on a crucial technical indicator: a daily closing price above $0.75. This, he argues, would confirm a breakout from a 250-day accumulation phase, paving the way for a short-term surge. Achieving this benchmark presents a challenge. XRP currently sits at $0.62, and hasn’t reached the $0.75 level since July 2023. A brief flirtation with the target earlier this month proved fleeting, with the price dropping back below $0.6. $XRP update. We are looking for a daily candle close above $0.75. When we see this, it confirms a breakout above the range in which we have been accumulating for over 250 days. This would suggest we should see a minimum expansion to $1.20. Volume is picking up on the whole… pic.twitter.com/yhEVHvqPav — Cryptoinsightuk (@Cryptoinsightuk) March 25, 2024 EGRAG Foresees Rally Based On Historical Patterns Analyst EGRAG offers a different perspective, also predicting a $1.2 target for XRP in the short term. But instead of technical indicators, EGRAG draws inspiration from historical price movements. He identifies similarities between the current XRP chart and a past wave formation that preceded a significant price increase. #XRP Wave 10 ( $1 – $1.2) 🌊🔟: The 10th “W” Pattern is exceptionally well-aligned with the current market setup, signaling a potentially significant move. Target Prices Remain Consistent: 1) Non-Logarithmic: $1 2) Logarithmic: $1.2#XRPArmy STAY STEADY and Appreciate the… pic.twitter.com/PS6xZi1FFv — EGRAG CRYPTO (@egragcrypto) March 24, 2024 CryptoInsightuk bolsters his bullish case with additional technical factors. He points to a rise in XRP’s trading volume, suggesting growing investor interest. Additionally, he believes the Relative Strength Index (RSI), a momentum indicator, is poised for a …….