Is Ripple (XRP) Price About to Go Parabolic? Factors to Consider (Analyst)

2023-11-29 10:25:54

TL;DR

Ripple’s XRP has seen a recent surge, increasing by 3% in the past 24 hours and surpassing the $0.60 mark, with analysts predicting further substantial rallies.
Analyst JD from Twitter suggests XRP could experience a “parabolic move” reaching beyond $11 by 2025 if certain conditions are met, including a bullish cross on SRSI, both SRSI lines closing above 80, and a breakout above an 8-year trendline.
Other experts predict short-term targets for XRP, with forecasts of reaching around $0.71 by the end of 2023 and possibly jumping to $0.88 at the beginning of December.

XRP Holders Should Wait for These Developments

Ripple’s native token – XRP – is among the digital assets flashing in green today (November 29), with its price surging 3% for the past 24 hours and surpassing the $0.60 target once again. Numerous cryptocurrency analysts have claimed over the past few months that the coin is poised for a further substantial rally in the future.

One of those is the X (Twitter) user JD, who thinks XRP might be on the verge of a “parabolic move” should three vital factors be in place. Those include a bullish cross on a resistance level described as SRSI, both SRSI lines closing above 80, and a breakout above an 8-year trendline.

According to the analyst, such developments could trigger an XRP price explosion beyond $11. The expected timeline for that surge is 2025

“Then 5% (smart money) will take life changing profits! Will u be the 5%,” JD asked.

Short-Term XRP Targets

Numerous other experts have forecasted that Ripple’s coin might take the offensive before the year’s end. The X user EGRAG CRYPTObelievesthat XRP might finish 2023 at around $0.71, whereas Dark Defenderthinksit could jump to $0.88 at the beginning of December

Those curious to find out how the asset could perform in the last quarter of the year could take a look at our dedicated video below:

Trang này có thể chứa nội dung của bên thứ ba, được cung cấp chỉ nhằm mục đích thông tin (không phải là tuyên bố/bảo đảm) và không được coi là sự chứng thực cho quan điểm của Gate hoặc là lời khuyên về tài chính hoặc chuyên môn. Xem Tuyên bố từ chối trách nhiệm để biết chi tiết.