XRP Price Set To Explode: Analyst Identifies Trigger For Next Parabolic Move

Name	Symbol	Market	Market Cap ($)	Algorithm
Mina	MINAUSD	Crypto	574,736,380	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Mina

MINAUSD

Crypto

574,736,380

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.005	0.93%	0.545	0.544	0.545

Price Change

Price Change %

Current Price

Bid Price

Offer

0.005

0.93%

0.545

0.544

0.545

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.55008	0.513	0.541	0.540	0.349000 - 1.73

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.55008

0.513

0.541

0.540

0.349000 - 1.73

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	00:40:54	60.66	0.545	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

00:40:54

60.66

0.545

USD

Price x Volume	Volume	Base Symbol	Related Pairs
461,461.29	858,308.38	MINA	MINAEUR	MINAGBP	MINABTC

Price x Volume

Volume

Base Symbol

Related Pairs

461,461.29

858,308.38

XRP Price Set To Explode: Analyst Identifies Trigger For Next Parabolic Move

02/12/2023 5:40pm

NEWSBTC

Crypto analyst JD has once again commented on XRP making a “parabolic” move. This time around, he has identified exactly what needs to happen for the crypto token to enjoy a significant rally. Related Reading: Bitcoin A Tad Closer To $40,000 – Is $41K The Next Stop In A Few Days? All Eyes On The MACD In a post shared on his X (formerly Twitter) platform, JD highlighted the MACD (Moving Average Convergence Divergence) as the trigger for the crypto to enjoy a significant rally. He noted how XRP went “parabolic” the last time the MACD crossed the 0 level. According to him, that hasn’t happened this time, but the market seems very close to that level. JD shared an accompanying chart to elucidate his point. From the chart, one could see that XRP enjoyed a 650x gain the last time the MACD crossed 0. This significant breakout, which came in 2017, happened after a 4-year trendline that dated back to 2014. This time, the coin has consolidated for a longer period as he highlighted an 8-year trendline that dates back to 2017. He expects the market to instantly become bullish if there can be a breakout from that trendline. For now, JD believes that a bullish cross is still in play despite the fact that the MACD is below 0. In response to his post, another X user stated that “it’s game over” once XRP crosses the $0.92 price level. JD seemed to agree as he stated that it was going to happen. Meanwhile, the crypto analyst has remained cautious about giving a prediction as to what price level XRP could hit. However, from the chart he shared, XRP could rise to as high as $15, taking a cue from 2017. We break that 0.92 level and it’s game over. — Nick | Crypto Crusader (@NCashOfficial) December 2, 2023 XRP currently trading at $0.61393 territory on the daily chart: TradingView.com Between XRP And Bitcoin Crypto analyst Egrag Crypto has also given his view on the future trajectory of XRP in relation to Bitcoin. He spoke about a “Helheim Gate Way” scenario and how Bitcoin’s price could affect XRP’s. He said BTC surging to the 48k-50k range might exert pressure on XRP, causing it to decline against the flagship cryptocurrency. Related Reading: Ethereum ATH: Exploring The Possibility Of Ether’s New Peaks In 2024 In this scenario, XRP’s decline is a result of Bitcoin apparently absorbing substantial liquidity, driving the latter’s dominance higher. However, things could turn out differently if XRP decides to “decouple and carve its unique path.” Although this projection doesn’t seem favorable for XRP, Egrag noted that it could still be “remarkably bullish.” The reason is that liquidity could flow back “aggressively and abruptly” to altcoins like XRP once Bitcoin releases all the absorbed funds. Crypto analyst CrediBULL Crypto has once mentioned something in this regard. He stated that XRP’s price could decline in the short term as Bitcoin continues to enjoy a parabolic rise. He, however, mentioned that XRP will be one of the biggest benefactors once there is an “influx of new money.” Featured image from iStock

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