Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target

Name	Symbol	Market	Market Cap ($)	Algorithm
Solana	SOLUSD	Crypto	60,350,972,621	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Solana

SOLUSD

Crypto

60,350,972,621

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.130	0.10%	136.86	136.84	136.86

Price Change

Price Change %

Current Price

Bid Price

Offer

0.130

0.10%

136.86

136.84

136.86

High Price	Low Price	Open Price	Prev. Close	52 Week Range
137.83	135.53	136.53	136.73	15.70 - 210.00

High Price

Low Price

Open Price

Prev. Close

52 Week Range

137.83

135.53

136.53

136.73

15.70 - 210.00

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:07:03	0.043474	136.86	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

06:07:03

0.043474

136.86

USD

Price x Volume	Volume	Base Symbol	Related Pairs
11,885,146.30	86,978.53	SOL	SOLEUR	SOLGBP	SOLBTC

Price x Volume

Volume

Base Symbol

Related Pairs

11,885,146.30

86,978.53

Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target

20/06/2024 3:00am

NEWSBTC

The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin. One crypto analyst, in particular, expects the coin price to see another bullish wave that could push it toward the $1 price target. XRP Price Ready For Another Bullish Wave Crypto analyst Alan Santana has predicted a bullish future for the XRP price. The analyst shared a recent analysis which took into account the past performances of not just XRP, but also other crypto assets as well, highlighting their recent peaks. Related Reading: Is Solana A Good Buy? Finance CEO Predicts ‘Magnificent’ Autumn Rally The crypto analyst explained that all cryptocurrencies had time for their peaks, and then when they entered a bullish wave. Usually, this bullish wave tends to occur around 8-10 months following the previous peak, meaning that the XRP price is long overdue for a bullish wave. Alan Santana revealed that the last peak for XRP was back in July 2023, when Judge Analisa Torres had ruled that programmatic XRP sales did not qualify as securities offerings. At the time, the XRP price had rallied over $0.7. However, once that bullish wave ended, the altcoin went into a decline that lasted almost one year. Presently, the XRP price has spent a total of 11 months without a bullish wave and given the established average of 8-10 months for cryptocurrencies between each bullish wave, the altcoin may be getting ready for another bullish wave. However, as the crypto analyst explains, not all bullish waves are the same for all crypto assets. This means that even if XRP were to see another bullish wave, it may not be as expected. Nevertheless, Alan Santana expects that the bullish wave will push the price further. How High Can The Price Go? Providing the possible target for where the XRP price may end up from here, the crypto analyst suggests that a 100% move is possible for the altcoin. One of the major targets highlighted is the $0.65, which is around a 50% increase in price from here. Related Reading: Shiba Inu To The Moon: Analyst Predicts A Run Above $0.00015 If This Happens However, that is not the highest the price is expected to go in its next bullish wave. According to Alan Santana’s chart, the XRP price could end up running as high as $0.9442 before it loses steam. From here, it is possible that the price does touch above the coveted $1 level before correcting back downward again. Featured image created with Dall.E, chart from Tradingview.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

SOLUSD Solana