- Popular crypto trader confirms one of many bullish price trajectories for XRP.
- Analyst declares market correction is close to an end.
- Altseason peak inches closer and XRP prepares to shoot over $3 soon.
The crypto market experiences another dip in prices since the price of BTC fell from $89,000 to $86,000 in a single day. This move pulled the price of ETH to the $2,900 price range, which, in turn, led to the price of several altcoins hitting lower targets as well. Presently, a popular crypto trader confirms one of many bullish price trajectories for Ripple’s XRP as the altcoin prepares to reclaim higher prices.
Popular Crypto Trader Confirms One of Many Bullish XRP Pumps
Ripple’s XRP remains to be one of the most bullish altcoins in the current crypto market. No doubt, the altcoin has had a long cruel few years before it saw the light at the end of the tunnel, now analysts believe the time has come for that light to shine brighter than ever. In detail, the SEC sued Ripple’s XRP about 8 years ago, immediately halting the rapid growth of the asset’s price value.
Over the next few years, the price of XRP began to fall to lower prices. So harsh was the battle that XRP missed the pump of a bull bull cycle, leading to crushed spirits. However, for those who kept accumulating and held on to their assets, the wait was worth it. Last year, XRP and Ripple won its case with the SEC, paving the way for true regulations in the USA, immediately the price of XRP pumped parabolically, twice.
Now, analysts hope to see similar pumps as Ripple and XRP have closed several bullish deals and partnerships since then. Is it finally time for the success of the project to reflect on the value of its native token? Most analysts hope to see the cycle’s altseason to arrive soon allowing not only XRP, but several other altcoins to surge to new ATH prices in the coming months ahead.
Bullish Trajectory for XRP Unfolds
One reputed crypto analyst shares her XRP market update. As we can see from the post above, the analyst says that the pink scenario highlighted on the image is confirmed. With the final support testing to be determined this week, the analyst explains how over the weekend, XRP failed to reclaim $2.00 as support, which means the pink scenario is now confirmed. We’re in subwave Wave 3 down, with momentum and RSI making new extremes, she says.
The next key levels to watch are $1.73 for potential short-term relief and $1.64, the macro 0.618 support, as the likely final low of this correction. There’s a chance the price reaches $1.64 directly in this wave 3 move without a relief first. If that happens, we wouldn’t need a second test of the area as support. She expects a strong bounce from $1.64 that would likely open the door for a powerful move back above $2.41 – $3.00 and beyond.
