{"id":609281,"date":"2024-05-22T23:00:43","date_gmt":"2024-05-22T23:00:43","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=609281"},"modified":"2024-06-11T08:01:53","modified_gmt":"2024-06-11T08:01:53","slug":"xrp-price-3600-jump-to-20","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/ripple\/xrp-price-3600-jump-to-20\/","title":{"rendered":"XRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20"},"content":{"rendered":"

A crypto analyst has <\/span>predicted the next price target for the XRP price<\/span><\/a>, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency.\u00a0<\/span><\/p>\n

XRP Price Roadmap to $20<\/h2>\n

In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks <\/span>forecasted<\/span><\/a> a strong <\/span>bullish breakout<\/span><\/a> for the XRP price in this market cycle. Marks explained that XRP was steadily approaching a critical converging point, with an emerging <\/span>Relative Strength Index (RSI)<\/span><\/a> pattern indicating strong underlying momentum for the cryptocurrency.\u00a0\u00a0<\/span><\/p>\n

Related Reading: Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000?<\/a><\/div>\n

An RSI is a technical tool used to measure the speed and change of price movements in a cryptocurrency. It is also used to determine the short-term momentum of a cryptocurrency\u2019s market.\u00a0<\/span><\/p>\n

Sharing a price chart depicting the <\/span>XRP price movements<\/span><\/a> from 2018 to 2025, the analyst predicts that XRP\u2019s closing converging point and RSI pattern are signaling a massive breakout to new all-time highs. He has projected a \u201cconservative\u201d target that could see <\/span>XRP\u2019s price soaring<\/span><\/a> between $15 and $20 in the coming weeks.\u00a0<\/span><\/p>\n

\"XRP\"
Source: X<\/figcaption><\/figure>\n

Additionally, <\/span>XRP\u2019s present price actions<\/span><\/a> are displaying a bullish pattern reminiscent of the one observed during its mega rally to a new all-time high of $3.84 in January 2018. Marks noted that for XRP to reach the ambitious $20 price target, the cryptocurrency would have to <\/span>witness a massive surge<\/span><\/a> of 2,000% to 3,000%, translating to 20X to 36X from its current price.\u00a0\u00a0<\/span><\/p>\n

Concluding his analysis, the crypto analyst disclosed that all the factors and indicators were pointing towards a potential rise in XRP\u2019s price. However, the exact timing of when this will occur is uncertain.\u00a0\u00a0<\/span><\/p>\n

More Bullish Projections For XRP<\/h2>\n

XRP has been drawing significant attention from market analysts, who are <\/span>projecting<\/span><\/a> increasingly bullish price movements for the cryptocurrency. Despite its struggles to <\/span>reach the coveted $1<\/span><\/a>, the XRP price has still exhibited some strength as it continues to maintain a price position around the <\/span>$0.5 mark<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead<\/a><\/div>\n

Prominent XRP supporter and crypto analyst identified as \u2018JackTheRippler,\u2019 on X <\/span>predicts<\/span><\/a> that XRP is poised for an explosive rally after years of accumulation. Sharing a price chart illustrating XRP\u2019s price action from 2017 to 2024, the crypto analyst revealed indicators that suggested a <\/span>potential rise to new highs<\/span><\/a>.\u00a0<\/span><\/p>\n

\"XRP
Source: X<\/figcaption><\/figure>\n

Another XRP community member and crypto analyst identified as \u2018XRP Captain,\u2019 has also <\/span>confirmed<\/span><\/a> a potential breakout for the cryptocurrency. He disclosed that XRP\u2019s next target will likely be $0.7 before June 2024.\u00a0<\/span><\/p>\n

At the time of writing, XRP\u2019s price is trading at $0.53, marking a decline of 1.06% in the last 24 hours, according to CoinMarketCap. Over the past seven days, the cryptocurrency has performed relatively well, recording a series of minor rallies that contributed to a 6.67% gain.<\/span><\/p>\n

A bullish breakout for XRP will require <\/span>sustained momentum<\/span><\/a> and increased trading activities from investors. Currently, the cryptocurrency\u2019s daily trading volume has not demonstrated significant growth, indicating only a slight increase of 3.25% in the last 24 hours.\u00a0<\/span><\/p>\n

\"XRP
XRP price struggles to hold $0.53 | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has predicted the next price target for the XRP price, noting that the altcoin was nearing a key point that could potentially trigger a major bull rally for the cryptocurrency.\u00a0 XRP Price Roadmap to $20 In an X (formerly Twitter) post on May 20, Crypto analyst, Javon Marks forecasted a strong bullish breakout for the XRP price in this market cycle. Marks explained that XRP was steadily approaching a critical converging point, with an emerging Relative Strength Index (RSI) pattern indicating strong underlying momentum for the cryptocurrency.\u00a0\u00a0 Related Reading: Institutional Investors Pour $942 Million Into Bitcoin, Will This Trigger A Rally To $80,000? An RSI is a technical tool used to measure the speed and change of price movements in a cryptocurrency. It is also used to determine the short-term momentum of a cryptocurrency\u2019s market.\u00a0 Sharing a price chart depicting the XRP price movements from 2018 to 2025, the analyst predicts that XRP\u2019s closing converging point and RSI pattern are signaling a massive breakout to new all-time highs. He has projected a \u201cconservative\u201d target that could see XRP\u2019s price soaring between $15 and $20 in the coming weeks.\u00a0 Additionally, XRP\u2019s present price actions are displaying a bullish pattern reminiscent of the one observed during its mega rally to a new all-time high of $3.84 in January 2018. Marks noted that for XRP to reach the ambitious $20 price target, the cryptocurrency would have to witness a massive surge of 2,000% to 3,000%, translating to 20X to 36X from its current price.\u00a0\u00a0 Concluding his analysis, the crypto analyst disclosed that all the factors and indicators were pointing towards a potential rise in XRP\u2019s price. However, the exact timing of when this will occur is uncertain.\u00a0\u00a0 More Bullish Projections For XRP XRP has been drawing significant attention from market analysts, who are projecting increasingly bullish price movements for the cryptocurrency. Despite its struggles to reach the coveted $1, the XRP price has still exhibited some strength as it continues to maintain a price position around the $0.5 mark.\u00a0 Related Reading: Crypto Market Liquidations Top $330 Million In 24 Hours With Ethereum In The Lead Prominent XRP supporter and crypto analyst identified as \u2018JackTheRippler,\u2019 on X predicts that XRP is poised for an explosive rally after years of accumulation. Sharing a price chart illustrating XRP\u2019s price action from 2017 to 2024, the crypto analyst revealed indicators that suggested a potential rise to new highs.\u00a0 Another XRP community member and crypto analyst identified as \u2018XRP Captain,\u2019 has also confirmed a potential breakout for the cryptocurrency. He disclosed that XRP\u2019s next target will likely be $0.7 before June 2024.\u00a0 At the time of writing, XRP\u2019s price is trading at $0.53, marking a decline of 1.06% in the last 24 hours, according to CoinMarketCap. Over the past seven days, the cryptocurrency has performed relatively well, recording a series of minor rallies that contributed to a 6.67% gain. A bullish breakout for XRP will require sustained momentum and increased trading activities from investors. Currently, the cryptocurrency\u2019s daily trading volume has not demonstrated significant growth, indicating only a slight increase of 3.25% in the last 24 hours.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":609300,"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":[167,6664,26263,14690,3680,17209,4531,83637,13172,10972,78763],"class_list":["post-609281","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-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nXRP Price Nears Major Converging Point: Analyst Predicts 3,600% Jump To $20<\/title>\n<meta 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