{"id":555701,"date":"2023-10-17T09:45:34","date_gmt":"2023-10-17T09:45:34","guid":{"rendered":"https:\/\/wncen.com\/?p=555701"},"modified":"2024-06-11T07:55:07","modified_gmt":"2024-06-11T07:55:07","slug":"200-xrp-price-rally-to-1-5","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/200-xrp-price-rally-to-1-5\/","title":{"rendered":"Crypto Research Firm Predicts 200% XRP Price Rally To $1.5"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-july-2023-liquidity-up-50\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP<\/span><\/a><span style=\"font-weight: 400\"> price and its future trajectory continue to be a <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-prediction-bullish-bearish\/#:~:text=According%20to%20this%20person%2C%20XRP,Halving%20happens%20in%20April%202024.\" rel=\"nofollow\"><span style=\"font-weight: 400\">hot topic for debate<\/span><\/a><span style=\"font-weight: 400\">, crypto research firm Sistine Research has weighed in on this debate using technical analysis. <\/span><a href=\"https:\/\/wncen.com\/analysis\/xrp\/ripple-vs-sec-no-money-for-years-xrp-holders-lose-if-sec-wins-says-john-deaton\/\"><span style=\"font-weight: 400\">XRP holders<\/span><\/a><span style=\"font-weight: 400\"> are set to love this one, as their prediction is bullish.\u00a0<\/span><\/p>\n<h2>Where Is XRP Price Headed?<\/h2>\n<p><span style=\"font-weight: 400\">In a post shared on the X (formerly Twitter) platform, Sistine Research stated that, despite the current market outlook, <\/span><a href=\"https:\/\/bitcoinist.com\/ripple-clo-positioning-xrp-us\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP<\/span><\/a><span style=\"font-weight: 400\"> is one of the tokens with a bullish chart in the crypto market as of now.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/ripple-2\/how-ripples-rumored-token-burn-could-affect-the-xrp-price\/\">How Ripple\u2019s Rumored Token Burn Could Affect The XRP Price<\/a><\/div>\n<p><span style=\"font-weight: 400\">Their bullish sentiment was projected in their post, which contained a weekly chart that suggested an accumulated pattern since May 2022, with the XRP price having the potential to rally to as high as $1.5, an over 200% increase from its current price of $0.49.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-555704 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-price-Sistine-Research.png?w=460&#038;resize=460%2C236\" alt=\"XRP price Sistine Research\" width=\"460\" height=\"236\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-price-Sistine-Research.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/XRP-price-Sistine-Research.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">Source: X<\/pre>\n<p><span style=\"font-weight: 400\">The research firm also used the XRP\/Bitcoin chart to further drive home their bullish sentiment. The chart showed XRP\u2019s potential to outperform the <\/span><a href=\"https:\/\/bitcoinist.com\/bitcoin-price-prediction-analyst-hints-at-bull-run\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">flagship cryptocurrency<\/span><\/a><span style=\"font-weight: 400\"> with its projected rally to $1.5. However, it seems that the XRP price could decline to the $0.40 support level before any massive rally.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-555707 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Sistine-Research-XRP-price.png?w=460&#038;resize=460%2C236\" alt=\"Sistine Research XRP price\" width=\"460\" height=\"236\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Sistine-Research-XRP-price.png?w=512 512w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Sistine-Research-XRP-price.png?w=460 460w\" sizes=\"auto, (max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">Source: X<\/pre>\n<h2>Clarification On The Charts<\/h2>\n<p><span style=\"font-weight: 400\">Sensing that there was some form of skepticism from many in the crypto community, Sistine Research released a subsequent <\/span><a href=\"https:\/\/x.com\/sistineresearch\/status\/76889437?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> where it further elaborated on its technical analysis. It explained that from the charts, it was evident that there is a long-term accumulation that is trending upwards.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to them, during this period, buyers are willing to dive into the market and provide support to the token at higher and higher prices, likely suggesting that a potential retracement or dump by the bears doesn\u2019t faze <\/span><a href=\"https:\/\/bitcoinist.com\/these-4-factors-show-why-bulls-are-in-full-control-of-bitcoin\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">the bulls<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Sistine alluded to the fact that the most recent <\/span><a href=\"https:\/\/bitcoinist.com\/pump-and-dumps-good-or-bad\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">pump<\/span><\/a><span style=\"font-weight: 400\"> on the chart was larger than the previous pump. This supposedly shows that buyers are active as they are still accumulating at higher prices rather than waiting for a decline before going in. While all this is happening, sellers are still holding their tokens as they anticipate higher prices before selling.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-historical-data\/\">What To Expect This Month For XRP Price According To Historical Data<\/a><\/div>\n<p><span style=\"font-weight: 400\">They compared this XRP chart to the BTC chart in 2018, when buyers got weaker, and sellers had control of the market, selling every pump at lower prices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The research firm also suggested that <\/span><a href=\"https:\/\/bitcoinist.com\/this-could-trigger-next-dogecoin-bull-run-analyst\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">DOGE\u2019s<\/span><\/a><span style=\"font-weight: 400\"> chart is currently experiencing something similar (to the 2018 BTC chart) as they stated that the XRP price chart is \u201cobjectively bullish\u201d in comparison to the meme coin, which is \u201cexhibiting major signs of buyer exhaustion.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of the time of writing, the XRP price is trading at $0.49, around 0.30% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/qrw1rgbf\/\" alt=\"XRP price chart from Tradingview.com (Sistine Research $200 rally to $1.5)\" width=\"2804\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">XRP holding at $0.49 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD On Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from CoinMarketCap, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>As the XRP price and its future trajectory continue to be a hot topic for debate, crypto research firm Sistine Research has weighed in on this debate using technical analysis. XRP holders are set to love this one, as their prediction is bullish.\u00a0 Where Is XRP Price Headed? In a post shared on the X (formerly Twitter) platform, Sistine Research stated that, despite the current market outlook, XRP is one of the tokens with a bullish chart in the crypto market as of now.\u00a0 Related Reading: How Ripple\u2019s Rumored Token Burn Could Affect The XRP Price Their bullish sentiment was projected in their post, which contained a weekly chart that suggested an accumulated pattern since May 2022, with the XRP price having the potential to rally to as high as $1.5, an over 200% increase from its current price of $0.49. Source: X The research firm also used the XRP\/Bitcoin chart to further drive home their bullish sentiment. The chart showed XRP\u2019s potential to outperform the flagship cryptocurrency with its projected rally to $1.5. However, it seems that the XRP price could decline to the $0.40 support level before any massive rally. Source: X Clarification On The Charts Sensing that there was some form of skepticism from many in the crypto community, Sistine Research released a subsequent post where it further elaborated on its technical analysis. It explained that from the charts, it was evident that there is a long-term accumulation that is trending upwards.\u00a0 According to them, during this period, buyers are willing to dive into the market and provide support to the token at higher and higher prices, likely suggesting that a potential retracement or dump by the bears doesn\u2019t faze the bulls.\u00a0 Sistine alluded to the fact that the most recent pump on the chart was larger than the previous pump. This supposedly shows that buyers are active as they are still accumulating at higher prices rather than waiting for a decline before going in. While all this is happening, sellers are still holding their tokens as they anticipate higher prices before selling.\u00a0 Related Reading: What To Expect This Month For XRP Price According To Historical Data They compared this XRP chart to the BTC chart in 2018, when buyers got weaker, and sellers had control of the market, selling every pump at lower prices.\u00a0 The research firm also suggested that DOGE\u2019s chart is currently experiencing something similar (to the 2018 BTC chart) as they stated that the XRP price chart is \u201cobjectively bullish\u201d in comparison to the meme coin, which is \u201cexhibiting major signs of buyer exhaustion.\u201d As of the time of writing, the XRP price is trading at $0.49, around 0.30% in the last 24 hours, according to data from CoinMarketCap.\u00a0 XRP holding at $0.49 | Source: XRPUSD On Tradingview.com Featured image from CoinMarketCap, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":555708,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[3680,17209,89668,4531,13172,89506,16289,10972,78763],"class_list":["post-555701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-ripple","tag-ripple-news","tag-sistine-research","tag-xrp","tag-xrp-price","tag-xrp-price-performance","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>Crypto Research Firm Predicts 200% XRP Price Rally To $1.5<\/title>\n<meta name=\"description\" content=\"As the XRP price and its future trajectory continue to be a hot topic for debate, crypto research firm Sistine Research has weighed in.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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