Will XRP Price Hit $2 This Week? Details
The price of XRP Will XRP Hit $2 This Week? A highly bullish analysis has observed the recent price action of Ripple’s native cryptocurrency, highlighting the potential for an upcoming bullish breakout for XRP.
The recent massive activity of XRP whales is suggesting that a significant price increase is imminent. Over the weekend, whales purchased over $50 million worth of XRP, indicating optimism and confidence in the token’s development, as data shared by renowned cryptocurrency analyst Ali Martinez.
XRP has been showing a impressive valuation this month in light of Gary Gensler's departure from the helm of the U.S. Securities and Exchange Commission (SEC) and a possible cryptocurrency-based exchange-traded fund (ETF) in 2025. In its monthly development, XRP has seen a price increase of 167.6%.
XRP to $2?
Mikybull Crypto Trading Expert observed in a recent technical analysis that some indicators are suggesting a possible continuation of the rally recently experienced by XRP.
In a post on social media platform X on November 25, the analyst highlighted that XRP, after breaking above the $1 resistance, is indicating a potential to reach the $2 price point in the coming days.
Source: TradingView/Mikybull Crypto“XRP is looking pretty good here. See you at $2 this week,” the expert wrote.
At the time of publication, the price of XRP was quoted at $1,37, down 1.9% in the last 24 hours.
Analyst Predicts XRP Will Hit ATH Soon, Projects 250% Rise Against Ethereum
A renowned cryptocurrency analyst shared recently made his highly optimistic prediction that XRP could reach a new price high soon, as well as projecting an impressive 250% increase against Ethereum.
In a recent technical analysis, cryptocurrency expert known as CrediBULL Crypto highlighted that the price of XRP could break its all-time high much sooner than expected. “I think $XRP will likely make new ATHs much faster than most expect – and I think it will vastly outperform $BTC and $ETH from current levels in doing so. XRP/ETH has just recovered and retested a long 4-year range, with the first target being ~250% higher,” he wrote.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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