Crypto analyst JD has once again highlighted the potential of XRP making a “parabolic” move in the near-term. Seeking to identify the exodus from the crypto token’s recent eight-year, sideways trend, he emphasised the MACD (Moving Average Convergence or Divergence) as the catalyst for the potential surge. Through an accompanying chart depicting XRP’s impressive 650x gain back in 2017, the analyst underlined how the MACD crashing through [0 – 00.00.00.000000] could similarly open up pathways for bullish price action.
A fellow social leisure enthusiast backed JD’s observations with a daring wager for XRP once it crosses the USD 0.92 mark: “We break that 0.92 level and it’s game over,” they said.1 The analyst was in agreement, believing as market sentiment starts to shift become increasingly bullish, reaching that yardstick could just be a mere formality.
While JD remained cautious about placing a strict numerical price target, another crypto squire – Egrag Eros – suggested that BTC’s 50k milestone might predicate a varying price for XRP. They contemplated an “Helheim Gate Way” situation in which enormous Bitcoin trading activity draws substantially upon the altcoin’s general availability – causing it to suffer heavily in comparison. Of course, if XRP goes on to independently carve away from its valuation’s susceptibility to BTC’s strength, Erog noted it may end up looking “remarkably bullish”.2
Finally, CrediBULL Cryptorookie firmly echoed earlier anticipation for XRP’s inclination as Bitcoin starts to fly – albeit warily steady in their suggestion that the latter’s short-term trend might in fact hold the key to the former’s phase of monetization. He told Newsbtc back in late December 2019:
“XRP will still be one of the biggest benefactors of this space oncce there is influx of new money.”3
1 Nick | Crypto Crusader Twitter (2023 December 02)
2 Egrag Crypto (2020 January 14)
3 CrediBULL Crypto [NewsBTC], (2019 December 26)
