{"id":625504,"date":"2024-06-20T02:00:38","date_gmt":"2024-06-20T02:00:38","guid":{"rendered":"https:\/\/wncen.com\/?p=625504"},"modified":"2024-06-19T17:36:11","modified_gmt":"2024-06-19T17:36:11","slug":"xrp-price-overdue-bullish-wave","status":"publish","type":"post","link":"https:\/\/wncen.com\/analysis\/xrp\/xrp-price-overdue-bullish-wave\/","title":{"rendered":"Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here\u2019s The Target"},"content":{"rendered":"

The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin. One crypto analyst, in particular, expects the coin price to see another bullish wave that could push it toward the $1 price target.<\/p>\n

XRP Price Ready For Another Bullish Wave<\/h2>\n

Crypto analyst Alan Santana has predicted<\/a> a bullish future for the XRP price. The analyst shared a recent analysis which took into account the past performances of not just XRP<\/a>, but also other crypto assets as well, highlighting their recent peaks.<\/p>\n

Related Reading: Is Solana A Good Buy? Finance CEO Predicts \u2018Magnificent\u2019 Autumn Rally<\/a><\/div>\n

The crypto analyst explained that all cryptocurrencies had time for their peaks, and then when they entered a bullish wave. Usually, this bullish wave tends to occur around 8-10 months following the previous peak, meaning that the XRP price is long overdue for a bullish wave.<\/p>\n

Alan Santana revealed that the last peak for XRP was back in July 2023, when Judge Analisa Torres had ruled that programmatic XRP sales did not qualify as securities offerings. At the time, the XRP price<\/a> had rallied over $0.7. However, once that bullish wave ended, the altcoin went into a decline that lasted almost one year.<\/p>\n

Presently, the XRP price has spent a total of 11 months without a bullish wave and given the established average of 8-10 months for cryptocurrencies between each bullish wave, the altcoin <\/a>may be getting ready for another bullish wave.<\/p>\n

However, as the crypto analyst explains, not all bullish waves are the same for all crypto assets. This means that even if XRP were to see another bullish wave, it may not be as expected. Nevertheless, Alan Santana expects that the bullish wave will push the price further.<\/p>\n

How High Can The Price Go?<\/h2>\n

Providing the possible target for where the XRP price may end up from here, the crypto analyst suggests that a 100% move is possible for the altcoin<\/a>. One of the major targets highlighted is the $0.65, which is around a 50% increase in price from here.<\/p>\n

Related Reading: Shiba Inu To The Moon: Analyst Predicts A Run Above $0.00015 If This Happens<\/a><\/div>\n

However, that is not the highest the price is expected to go in its next bullish wave. According to Alan Santana\u2019s chart, the XRP price could end up running as high as $0.9442 before it loses steam. From here, it is possible that the price does touch above the coveted $1 <\/a>level before correcting back downward again.<\/p>\n

\"XRP
Token price recovers from dip | Source: DOGEUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin. One crypto analyst, in particular, expects the coin price to see another bullish wave that could push it toward the $1 price target. XRP Price Ready For Another Bullish Wave Crypto analyst Alan Santana has predicted a bullish future for the XRP price. The analyst shared a recent analysis which took into account the past performances of not just XRP, but also other crypto assets as well, highlighting their recent peaks. Related Reading: Is Solana A Good Buy? Finance CEO Predicts \u2018Magnificent\u2019 Autumn Rally The crypto analyst explained that all cryptocurrencies had time for their peaks, and then when they entered a bullish wave. Usually, this bullish wave tends to occur around 8-10 months following the previous peak, meaning that the XRP price is long overdue for a bullish wave. Alan Santana revealed that the last peak for XRP was back in July 2023, when Judge Analisa Torres had ruled that programmatic XRP sales did not qualify as securities offerings. At the time, the XRP price had rallied over $0.7. However, once that bullish wave ended, the altcoin went into a decline that lasted almost one year. Presently, the XRP price has spent a total of 11 months without a bullish wave and given the established average of 8-10 months for cryptocurrencies between each bullish wave, the altcoin may be getting ready for another bullish wave. However, as the crypto analyst explains, not all bullish waves are the same for all crypto assets. This means that even if XRP were to see another bullish wave, it may not be as expected. Nevertheless, Alan Santana expects that the bullish wave will push the price further. How High Can The Price Go? Providing the possible target for where the XRP price may end up from here, the crypto analyst suggests that a 100% move is possible for the altcoin. One of the major targets highlighted is the $0.65, which is around a 50% increase in price from here. Related Reading: Shiba Inu To The Moon: Analyst Predicts A Run Above $0.00015 If This Happens However, that is not the highest the price is expected to go in its next bullish wave. According to Alan Santana\u2019s chart, the XRP price could end up running as high as $0.9442 before it loses steam. From here, it is possible that the price does touch above the coveted $1 level before correcting back downward again. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":625505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-625504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Says XRP Price Is Long Overdue For Bullish Wave, Here\u2019s The Target<\/title>\n<meta name=\"description\" content=\"The XRP price has struggled in the market over the past year and has failed to reach a new all-time high in one year.\" \/>\n<meta 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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. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here\u2019s The Target","url":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-overdue-bullish-wave\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/analysis\/xrp\/xrp-price-overdue-bullish-wave\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP-price-7.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP-price-7.jpeg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-06-20T02:00:38Z","datePublished":"2024-06-20T02:00:38Z","dateModified":"2024-06-20T02:00:38Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here\\u2019s The Target\",\"url\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-overdue-bullish-wave\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/analysis\\\/xrp\\\/xrp-price-overdue-bullish-wave\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-price-7.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/XRP-price-7.jpeg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-06-20T02:00:38Z\",\"datePublished\":\"2024-06-20T02:00:38Z\",\"dateModified\":\"2024-06-20T02:00:38Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/XRP-price-7.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625504"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=625504"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/625505"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=625504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=625504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=625504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}