
Jakarta, Pintu News – Ripple is back in the spotlight after a well-known crypto analyst on X (formerly Twitter) revealed an astonishingly bullish prediction.
According to him, if XRP manages to break through major resistance, the price of this digital asset could jump to $13 (213,590 IDR) soon.
Currently, XRP is in a consolidation phase on the monthly chart, and an upward breakout could be a major catalyst for greater price gains.
Check out the full analysis below!
According to Coin Edition, the analyst highlighted that XRP has formed a bullish pattern, signaling a potential upward movement. One key indicator of concern is XRP’s price position against the Fibonacci Circle at the 1,414 level, which is considered key resistance.
If XRP is able to break this level, it is predicted that the price will experience a big rally towards the range of $8.5 to $13 (139,655 IDR – Rp213,590 IDR). After reaching the zone, it is likely that XRP will experience consolidation before returning to experience a more significant increase.
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In his analysis, he mentioned that $13 is not the final target for XRP. Once the consolidation phase occurs, the asset is believed to surge again, with the next target being in the range of $27 to $33 (443,610 IDR – IDR 542,190 IDR).
This surge could happen if investor interest remains high, supported by institutional adoption and regulatory changes that are more friendly towards cryptocurrencies. If this scenario materializes, XRP could reach an all-time high, surpassing previous records.
While this projection may seem ambitious, the analyst emphasized that important conditions must be met for this bullish scenario to remain valid. One of the main factors is support at the 21-month Exponential Moving Average (EMA).
In addition, XRP should not close below the $1.64 level (26,949 IDR). If the price stays above this level and manages to bounce off the 21 EMA, then XRP’s chances of continuing its rally to higher levels are getting stronger.
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With this positive momentum, many investors are waiting to see if XRP can continue strengthening and head towards higher price levels in the coming weeks.
The analyst’s prediction paints an interesting bullish picture for XRP’s future. If the asset breaks the key resistance at Fibonacci Circle 1,414, the chances of heading towards $8.5 to $13 (139,655 IDR – 213,590 IDR) will increase.
However, investors should also be wary of a possible correction if XRP fails to maintain support at $1.64 (26,949 IDR). Will XRP take off towards $13 or even $30 in the next few months?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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