Massive ripple (XRP) Price Prediction: Too Ugly?
Ripple‘s ongoing lawsuit is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the XRP price.
However, analysts are seizing the opportunity to predict potential price points based on certain technical patterns, regardless of the outcome of the SEC case.
One such analyst is EGRAG CRYPTO, who recently noted a bullish candle formation known as the three-month hammer.
2024 Ripple Price Prediction
Analyst sign Based on this pattern, XRP should close the next quarterly candle above $0.55 – $0.58 in the next ten days. This would pave the way for a “mega pump”, but given the current PA, this might be a bit of a challenge.
Source: EGRAG CRYPTO, X
This will potentially complete the initial Hammer formation and start a rise towards the $8 level starting in July.
But there’s more!
What is the Price of XRP in 6 Months?
The analyst is taking the so-called Hammer formation further and predicts that it will last around six months, but if the second hammer formation is completed, it will push the price of XRP to a massive level of up to $27.
In any case, EGRAG CRYPTO confirms that the next ten days will be decisive.
Source: EGRAG CRYPTO, X
However, it is worth noting that XRP has been trending in a limited range for the last few weeks and has not been able to escape this range so far.
This raises the possibility that the upcoming move will be notable, but we have yet to see whether the bulls can take control. The broader crypto market remains highly bearish, and this could impact Ripple as well.
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