Elite

Bitcoin

The Graph

Frenzy

<p>Amid the upswing in the crypto markets this week, with XRP itself up around 6% and trading at $0.64, a popular XRP analyst is making a bullish prediction on where the token could be headed next.</p>
<p>The analyst known as Cryptoinsightuk, who frequently shares analysis on XRP price movements, <a href="https://x.com/Cryptoinsightuk/status/1772301545368920396?s=20" target="_blank" rel="noopener noreferrer nofollow">stated</a> in a recent tweet that they are watching for a daily candle close above $0.75 for XRP.</p>
<p>According to the analyst, such a breakout above the $0.75 range where XRP has been accumulating for over 250 days would “confirm a breakout” and “suggest we should see a minimum expansion to $1.20.”</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="643" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-1024x643.png" alt="" class="wp-image-460086" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-1024x643.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-300x188.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-768x482.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-1536x964.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-2048x1286.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-239x150.png 239w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-100x63.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-558x350.png 558w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171-788x494.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-1171.png 1964w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Cryptoinsightuk goes on to point to increasing trading volume and a potentially bullish swing in the daily relative strength index (RSI) as supportive factors. The analyst draws parallels to 2017’s crypto bull cycle, stating “I feel price action in todays markets are more similar to this cycle than 2021. We all know what happened in 2017 for $XRP.”</p>
<p>From a technical perspective, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> will need to maintain the $0.57 level, which aligns with the 200-day moving average support.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p>The RSI, a momentum oscillator, is currently reading 56 on the daily chart, suggesting moderately bullish momentum. Furthermore, the moving average convergence divergence (MACD) line is above the signal line, a bullish signal used to spot uptrends.</p>
<p>In conclusion, while past performance is no guarantee of future results, the combination of Cryptoinsightuk’s analysis and the current technical indicators suggest XRP could be gearing up for a move towards the $1.20 level if it can clear the crucial $0.75 resistance.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/is-the-solana-era-ending-elite-analyst-bets-on-coinbases-layer-2-ecosystem-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Is the Solana Era Ending? Elite Analyst Bets on Coinbase’s Layer 2 Ecosystem – Here’s His Outlook</a></li>
 <li><a href="https://captainaltcoin.com/stacks-stx-price-eyes-4-following-30-pump-while-the-graph-grt-consolidates-heres-why/" target="_blank" rel="noopener noreferrer nofollow">Stacks (STX) Price Eyes $4 Following 30% Pump While The Graph (GRT) Consolidates – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/the-2024-launchpad-token-outlook-bull-run-investment-strategy/" target="_blank" rel="noopener noreferrer nofollow">The 2024 Launchpad Token Outlook: Bull Run Investment Strategy</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ripple-analyst-predicts-xrp-to-minimum-1-2-bitcoin-breakout-could-catalyze-altcoin-frenzy/" rel="noopener noreferrer nofollow">Ripple Analyst Predicts XRP to ‘Minimum’ $1.2 – Bitcoin Breakout Could Catalyze Altcoin Frenzy</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Analyst Predicts XRP to ‘Minimum’ $1.2 – Bitcoin Breakout Could Catalyze Altcoin Frenzy

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 25 мар. 2024 г.

The Bitcoin halving threatens small miners, Marathon Digital at the forefront of solutions!

Bitget Lists OmniCat (OMNI) the Multi-chained MemeCoin on Layer Zero (25 Mar)

Bitcoin price at risk as long-term Investors move to sell $6.4 billion BTC

Top Crypto Gainers Today Mar 25 – Chromia, THORChain, Centrifuge, Nervos Network

‘DOGE Day’ predictions: Will Dogecoin’s price hike by 100% in 30 days?

2 Top Cryptos With 100X Potential In The 2024 Bull Run

Join our free newsletter for daily crypto updates!