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Amonyx cryptocurrency analysts and Perform encryption She provided a bullish forecast for the price of XRP with “something big” on the horizon. Based on their analysis, it is long overdue XRP price hack It could happen soon.
There is something big coming for the price of XRP
Cryptocurrency analyst Amonyx stated in an X post that something big is coming for the price of XRP. The accompanying chart showed that the cryptocurrency could enjoy a massive rally to $75. The analyst made this prediction based on XRP repeating a similar path it enjoyed in the 2017 bull market when it was… Price increased by more than 61,000%.
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The graph showed that XRP It was consolidated for a year before its outbreak and enjoyed this unprecedented rise. In line with this, the analyst highlighted how XRP has strengthened since then, suggesting that another price breakout is imminent.
Amonyx has recently been more bullish on the price of XRP. Before now, expect the price of the cryptocurrency to reach between $50 and $57 at the peak of this rally. However, his latest forecast offers a more optimistic outlook for XRP. Interestingly enough, too I predicted recently That the cryptocurrency could enjoy a “giga pump” of up to $400.
This bullish XRP prediction is believed to be partly due to Recent applications from Bitwise and Canary Capital offer the XRP ETF. These funds could contribute to a significant rise for XRP as they will attract more institutional investors to the currency ecosystem. Therefore, these XRP ETFs will positively impact the price of XRP just like Bitcoin ETFs Done for bitcoin price.
Meanwhile, in the short term, Amonyx also expects the price of XRP to enjoy a significant rise. In X’s last post, he shared and told the XRP/Bitcoin chart XRP holders That God’s Candle was coming soon.
XRP hack target to watch
Egrag Crypto Cryptocurrency Analyst He highlighted $0.61 and $0.62 as breakout targets to watch. He noted that the breakout point is falling and added that XRP has a maximum of 70 days before it reaches the final peak of the breakout point.
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Egrag Crypto also noted that it is convinced that a price breakout could happen sooner than expected, within the next 15 to 30 days. According to him, the pressure is mounting and will not be contained for much longer. In fact, XRP standardization dates back a long time ago Bull Racing 2021 When it failed to reach a new all-time high (ATH).
The $0.60 price level has also proven to be strong resistance for the coin, as it has been retested and failed to break several times since it was handed down by Judge Analisa Torres. Final ruling In Ripple’s SEC lawsuit in August.
At the time of writing, the price of XRP is trading at around $0.55, up more than 3% over the past 24 hours, according to data from CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com