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XRP

XRP Primed For Explosive 10x Rally: Expert Lays Out Strategic Roadmap

Godspower Owie
by Godspower Owie
10 months ago
·
Posted in XRP
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Popular altcoin XRP is gaining traction in the crypto market as the digital asset continues to attract bold predictions from inspired crypto enthusiasts following a recent price recovery due to a general market rebound and strong investor sentiment.

Is XRP Gearing Up For Another Historical Bull Run?

In a bold forecast, Edrag Crypto, a market expert and trader, has outlined a detailed path for a potential 10x price surge in the value of XRP, triggering quite a frenzy in the crypto community over its capability. The expert’s prognosis is based on a Macro Drop Zone analogy on a gravitational view, which includes 3 distinct areas such as area A, area B, and area B*.

Related Reading: XRP On The Verge Of A Major Rally Following A 3-Year Pattern Breakout – Expert

This prediction is in line with a broader outlook for the altcoin possibly reaching a new all-time high in the ongoing cycle in the event that the legal battle between the United States Securities and Exchange Commission (SEC) and financial behemoth, Ripple, over the digital asset comes to a complete end.

According to the expert, a macro consolidation was located in the first area, where XRP was relaxing. However, it was drawn to the boundary of the drop zone in the area, and the altcoin plummeted into the second area (Area B) from $0.15 to $2.

XRP
Possible 10x surge for XRP | Source: Edrag Crypto on X

As a result, Edrag Crypto has urged investors to buckle up as the token must approach drop zone B. When this happens, XRP could be poised for a massive launch from the $2 level to the $15 price mark.

Furthermore, the analyst highlighted that following this, area B* will experience the next macro consolidation, which is similar to that of area B, but a bit different from each other. Specifically, this move will cause the token to move from $15 to about $115. 

Even though this move may seem extreme, Edrag Crypto claims it is less volatile than the previous move from $0.15 to $2. He underlined that the sharp increase from $0.15 to $2 boasts an astounding 1233.33% volatility, whereas the move from $15 to $115 presents an over 666.67% volatility, “making it a more stable zone.”

Potential Extended Positive Outlook For The Asset

XRP is presently showcasing promising price performance, breaking through critical resistance levels. This uptick could be attributed to several factors, such as favorable market conditions and the expanding acceptance of Ripple‘s blockchain technology in the financial landscape.

Related Reading: Bitcoin Supporter Takes Shots At XRP Price, It’s ‘Never Going To Happen’

At the time of writing, XRP was trading at $0.55, demonstrating an over 3% increase in the past day. Meanwhile, in the wider outlook, the altcoin has risen by about 3.26% in the past week and decreased by nearly 5% in the past month.

The renewed price strength seems to have attracted a wide range of investors and traders as the asset’s trading volume has experienced a significant upswing of over 106% in the past day, indicating strong sentiment about the altcoin’s potential for more gains in the upcoming days.

XRP
XRP trading at $0.5551 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Godspower Owie

Godspower Owie

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Godspower Owie is my name, and I work for the news platforms NewsBTC and Bitcoinist. I sometimes like to think of myself as an explorer since I enjoy exploring new places, learning new things, especially valuable ones, and meeting new people who have an impact on my life, no matter how small. I value my family, friends, career, and time. Really, those are most likely the most significant aspects of every person's existence. Not illusions, but dreams are what I pursue.

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