{"id":564526,"date":"2023-12-08T16:00:39","date_gmt":"2023-12-08T16:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=564526"},"modified":"2024-06-11T09:22:12","modified_gmt":"2024-06-11T09:22:12","slug":"xrp-price-parabolic-crypto-1000","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/xrp-price-parabolic-crypto-1000\/","title":{"rendered":"XRP Price To Go Parabolic? Crypto Analyst Confirms 1000% Golden Cross Has Returned"},"content":{"rendered":"

The XRP price is still underperforming the general crypto market raising concerns among holders. However, it is not all bad for the cryptocurrency which boasts of one of the strongest communities in the sector. As for its price, the optimism toward a recovery remains high as crypto analyst<\/a> JD has given a rather bullish prediction for the altcoin\u2019s price.<\/p>\n

XRP Price Confirms Golden Cross Fo 1000% Rally<\/h2>\n

In his latest analysis<\/a> of the XRP price, crypto analyst JD has pointed out a bullish formation that could bode very good news for the altcoin<\/a>. According to him, the cryptocurrency has confirmed a rare Golden Cross on its 4-day chart, and historical performance points to an at least 700% increase following this.<\/p>\n

Related Reading: Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million<\/a><\/div>\n

JD\u2019s chart shows what happened the last two times that the XRP price confirmed such a Golden Cross<\/a>. The first was back in 2017 when the asset\u2019s price completed the Golden Cross after a four-year trendline breakout. Following this, the XRP price would go on to rise 700% in short succession.<\/p>\n

\"XRPSource: X<\/pre>\n

The next time that the Golden Cross appeared on the chart was back in 2020 just as the bull market was starting. This time around, there was a 1000% surge in the XRP price<\/a> after this pattern was confirmed, mounting an even bigger rally than the previous occurrence.<\/p>\n

If the XRP price sticks to this historical performance<\/a>, then there could be an 800% increase, on average, for the price of the coin. However, if it also follows the trend of the most recent surge being higher than the last, the token could be looking at a more than 1000% increase, which would put its price above $6.<\/p>\n

\"XRP<\/p>\n

XRP locks above $0.64 | Source: XRPUSD on Tradingview.com<\/a><\/pre>\n

Beware The Pullback Before The Rally<\/h2>\n

While JD\u2019s analysis paints an incredibly bullish picture for the XRP price<\/a>, the analyst also warns of a pullback in the price before the rally. Both times that the Golden Cross has appeared, the token\u2019s price has seen a pullback before confirming the breakout.<\/p>\n

Related Reading: Bitcoin Pushes Into Extreme Greed, What You Should Expect From Here<\/a><\/div>\n

In 2017, there was a 64% price correction before the 700% surge. Then again in 2020 when the Golden Cross appeared, there was a 40% price correction before the price rallied 1000%. So it stands to reason that there will be a pullback this time around before a rally begins.<\/p>\n

Currently, XRP bulls seem to be waking up once again after a brief period of consolidation<\/a>. The price broke out above $0.64 on Thursday, and the bullish trend is expected to continue as Bitcoin and the crypto market recovers.<\/p>\n

Featured image from Watcher Guru, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP price is still underperforming the general crypto market raising concerns among holders. However, it is not all bad for the cryptocurrency which boasts of one of the strongest communities in the sector. As for its price, the optimism toward a recovery remains high as crypto analyst JD has given a rather bullish prediction for the altcoin\u2019s price. XRP Price Confirms Golden Cross Fo 1000% Rally In his latest analysis of the XRP price, crypto analyst JD has pointed out a bullish formation that could bode very good news for the altcoin. According to him, the cryptocurrency has confirmed a rare Golden Cross on its 4-day chart, and historical performance points to an at least 700% increase following this. Related Reading: Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million JD\u2019s chart shows what happened the last two times that the XRP price confirmed such a Golden Cross. The first was back in 2017 when the asset\u2019s price completed the Golden Cross after a four-year trendline breakout. Following this, the XRP price would go on to rise 700% in short succession. Source: X The next time that the Golden Cross appeared on the chart was back in 2020 just as the bull market was starting. This time around, there was a 1000% surge in the XRP price after this pattern was confirmed, mounting an even bigger rally than the previous occurrence. If the XRP price sticks to this historical performance, then there could be an 800% increase, on average, for the price of the coin. However, if it also follows the trend of the most recent surge being higher than the last, the token could be looking at a more than 1000% increase, which would put its price above $6. XRP locks above $0.64 | Source: XRPUSD on Tradingview.com Beware The Pullback Before The Rally While JD\u2019s analysis paints an incredibly bullish picture for the XRP price, the analyst also warns of a pullback in the price before the rally. Both times that the Golden Cross has appeared, the token\u2019s price has seen a pullback before confirming the breakout. Related Reading: Bitcoin Pushes Into Extreme Greed, What You Should Expect From Here In 2017, there was a 64% price correction before the 700% surge. Then again in 2020 when the Golden Cross appeared, there was a 40% price correction before the price rallied 1000%. So it stands to reason that there will be a pullback this time around before a rally begins. Currently, XRP bulls seem to be waking up once again after a brief period of consolidation. The price broke out above $0.64 on Thursday, and the bullish trend is expected to continue as Bitcoin and the crypto market recovers. Featured image from Watcher Guru, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":564542,"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":[167,6664,26263,14690,3680,17209,4531,83637,13172,16289,10972,78763],"class_list":["post-564526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price To Go Parabolic? 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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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