XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

Name	Symbol	Market	Market Cap ($)	Algorithm
Internet Computer	ICPUSD	Crypto	6,127,866,719	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Internet Computer

ICPUSD

Crypto

6,127,866,719

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.310	-2.28%	13.30	13.30	13.31

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.310

-2.28%

13.30

13.31

High Price	Low Price	Open Price	Prev. Close	52 Week Range
13.63	13.25	13.62	13.61	2.81 - 20.96

High Price

Low Price

Open Price

Prev. Close

52 Week Range

13.63

13.25

13.62

13.61

2.81 - 20.96

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	16:13:05	30.00	13.30	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

16:13:05

30.00

13.30

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,591,402.87	417,704.10	ICP	ICPEUR	ICPGBP	ICPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,591,402.87

417,704.10

XRP Price Ready For 70% Breakout As Long-Term Consolidation Nears Its End

25/04/2024 2:00am

NEWSBTC

The XRP price has seen some level of recovery over the last two days that has seen positive sentiment returning to the latocin once again. This has carried forward with the expectation that the price will continue to surge. One crypto analyst in particular, who goes by RLinda, has revealed why the cryptocurrency is set to surge 70%. XRP Price Completes A False Breakdown In the analysis that was posted on the TradingView website, crypto analyst RLinda outlined a number of reasons why the XRP price may be getting ready for a surge. One of these reasons is the fact that the altcoin has completed a false breakdown. Related Reading: Ethereum Resurgence: TRON Founder Justin Sun Goes On 127,388 ETH Buying Spree This is referring to the price crash that sent the price falling from $0.7 to $0.42, recording an almost 50% crash. However, the crypto analyst believes that this crash was bullish for the coin as it was basically a false breakdown, followed by a breakout. In scenarios such as this, the XRP price could be headed for a breakout similar to the breakdown and eventual recovery between August and November 2023. Such a case could see the price rise 50% with a higher end of 70%. Source: Tradingview.com Additionally, the XRP price has also been in long term consolidation, another factor that could contribute to this breakout. “XRPUSDT is forming a technical false break of support, in the long term consolidation above the zone should be formed with the purpose of continuation of growth, the potential of which can be opened by 50-70%,” the analyst stated. The State Of XRP XRP has already seen investors returning once it was clear the worst of the crash. Crypto whales, in particular, have been making their bets, moving 600 million XRP tokens. As NewsBTC reported, whales holding between 10 million and 100 million XRP increased their holdings by 30 million in just one week. But even more interesting is the fact that they have moved up to 600 million tokens in the space of two weeks. Related Reading: Ripple Vs. SEC Update: Is The Lawsuit Finally Coming To An End With A Settlement? These moves come ahead of crypto analysts prediction major upside for the cryptocurrency. One of those is crypto analyst Egrag Crypto who predicted that the XRP price is ready to spike as high as $1.4. This would mean an over 100% increase in price. However, XRP has not exactly been the market favorite in recent times. Its daily trading volume has seen a notable decline, with Coinmarketcap reporting a 20% drop to $1.33 billion in the last day. Nevertheless, the altcoin remains the 7th-largest in the space, with a market cap of $30.3 billion. XRP struggles above $0.5 | Source: XRPUSDT on Tradingview.com Featured image from Coinpedia, chart from Tradingview.com

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ICPUSD Internet Computer