XRP might see a significant price ascent, even if it lags behind other leading cryptocurrencies in recent increases. With a bullish XRP price prediction<\/a> of 113% increase over the next year, CoinCheckup further fuels the increasing optimism on the token.<\/p>\n XRP rose just 3% last week; in comparison major cryptocurrencies like Ethereum and Solana jumped by more than 10%. XRP was down 1% in the last 24 hours, while its competitors showed 2% increase. Still, Bitlord thinks the altcoin is set to explode<\/a> in the next 24 hours. His reasoning isn\u2019t entirely clear, but his history of making accurate predictions is enough for many traders to watch the token closely.<\/p>\n I think $XRP<\/a> is ready<\/p>\n -Expecting a parabolic explosion vertically within 24hrs.<\/p>\n Don\u2019t sleep, millions can be made timing this move \ud83d\ude80<\/p>\n \u2014 Crypto Bitlord (@crypto_bitlord7) September 22, 2024<\/a><\/p><\/blockquote>\n Not only is Bitlord staring at XRP for a possible breakout. The Moon, another trader, has noted a symmetrical triangle pattern developing on the weekly chart of XRP.<\/p>\n Often indicating a period of consolidation before a major change, this technical arrangement shows converging support and resistance lines. According to the trader’s study, XRP might explode by an amazing 221% should it break above the upper resistance line, hence perhaps guiding the price above $1.34.<\/p>\n \ud83d\udca5#XRP<\/a> may explode in this bull cycle! If it breaks out of this massive triangle, it could go parabolic! pic.twitter.com\/wG2SeexCca<\/a><\/p>\n \u2014 The Moon (@TheMoonCarl) September 21, 2024<\/a><\/p><\/blockquote>\n Apart from these increases, XRP’s price movement over the past week shows encouraging signals. The coin showed a noteworthy peak for the month, touching $0.61 before declining to $0.5796. Given the traders’ ongoing interest in the asset, this surge might suggest more notable upward moves.<\/p>\n Although some traders remain optimistic despite XRP’s slow performance in recent months casting questions on its capacity to maintain pace with rivals. Bitlord’s insistence on a parabolic action has some validity.<\/p>\n Going from $0.43 to $0.6366, he counseled investors back in July to purchase XRP before it jumped by 48% within a week. Those who took his advice profited handsomely, and many are hoping for a repeat performance.<\/p>\n\n
Trading Momentum And Patterns<\/h2>\n
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<\/p>\nXRP: Short-Term Gains Or Long-Term Play?<\/h3>\n
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