Well-known trader and crypto influencer, known as Credible Crypto in the industry has predicted for XRP to explode in few days.
The analyst took to Twitter to tell his 142700 followers that XRP price is buckling up for a massive surge, with both fundamental and technical ammo.
With Ripple’s lawsuit settling it’s ground and SEC sending letter to the US district judge to oppose the involvement of XRP holders in lawsuit, it is possible for the token to surge 4 fold.
“XRP coiling up on the chart like an HBAR-barian (Hedera Hashgraph), Ripple putting pressure on the U.S. Securities and Exchange Commission (SEC) in the lawsuit, and some very valid reasons as to why XRP should (and could) be re-listed by major US exchanges. A massive pump is on the horizon. I hope you’re prepared to be a part of it.”
The analyst believes XRP can have a uptrend to reach $4.32 from its current $0.54 price range and make a whopping 700% gains for investors just like Hedera Hashgraph.
XRP Price to Follow HBAR’s Trajectory
He believes XRP is where HBAR was, before it spiked 8 folds, according to his charts, the consolidation pattern can break out into an uptrend.
“XRP really starting to look like HBAR did before it ran 8x… We have a potential breakout of our consolidation pattern. When HBAR broke out in the same manner it was 2 months ago at around $0.05… We are at resistance, but this could be big if we get past it.”
The trader predicts for the token to take out resistance at the $0.56 range and spike prices, pushing it above $0.70.
At the time of writing, XRP is trading at $0.563 with a market cap of $56.39 Billion.
Source link