{"id":562981,"date":"2023-11-29T23:00:39","date_gmt":"2023-11-29T23:00:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=562981"},"modified":"2024-06-11T08:12:04","modified_gmt":"2024-06-11T08:12:04","slug":"xrp-price-prediction-3-factors","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-price-prediction-3-factors\/","title":{"rendered":"XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move"},"content":{"rendered":"<p><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-5200-impulse-bitcoin\/\"><span style=\"font-weight: 400\">The XRP price keeps being projected<\/span><\/a><span style=\"font-weight: 400\"> to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally.\u00a0<\/span><\/p>\n<h2>Three Determinants For A \u201cParabolic Move\u201d<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/x.com\/jaydee_757\/status\/53716487?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">post<\/span><\/a><span style=\"font-weight: 400\"> shared on his X (formerly Twitter) platform, crypto analyst JD noted that <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-rally-whales-drive-token-to-3-month-high\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP\u2019s<\/span><\/a><span style=\"font-weight: 400\"> monthly was coming. He went on to state three things that \u201cneed\u201d to happen if XRP is to see a <\/span><a href=\"https:\/\/bitcoinist.com\/why-xrp-price-will-reach-27\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">massive rally<\/span><\/a><span style=\"font-weight: 400\">. The first factor he highlighted was the Stochastic Relative Strength Index (SRSI). He stated that there has to be a bullish cross on the SRSI.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/mastercard-xrp-developer-upgrade\/\">MasterCard Coming To XRP? Prominent Developer Teases Major Upgrade<\/a><\/div>\n<p><span style=\"font-weight: 400\">The SRSI is a technical indicator that is generally used to forecast market trends. It measures the strengths and weaknesses of the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-momentum-smashes-above-six-year-long-rsi\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">relative strength indicator<\/span><\/a><span style=\"font-weight: 400\"> (RSI). It is from this RSI it also derives its value from.\u00a0<\/span><\/p>\n<pre style=\"text-align: center\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-562985 aligncenter\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/XRP-price-2.png?w=460&#038;resize=460%2C249\" alt=\"XRP price\" width=\"460\" height=\"249\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/XRP-price-2.png?w=512 512w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/11\/XRP-price-2.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\">Source: X\r\n\r\n<\/pre>\n<p><span style=\"font-weight: 400\">Still emphasizing the SRSI, JD stated that the second factor is that both SRSI lines must cross above 80. This level refers to an overbought condition in the <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-market-cap-1-trillion-price\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP market<\/span><\/a><span style=\"font-weight: 400\">. As such, it is unclear why JD considers it bullish, considering that traders usually see an overbought condition as a sell signal with an impending correction in mind.\u00a0<\/span><\/p>\n<h2>XRP Price To Breakout In 2025<\/h2>\n<p><span style=\"font-weight: 400\">For the third factor, JD alluded to an 8-year trendline break. In the accompanying chart that he shared, one could see that he was projecting <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-whats-next\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">XRP to break out<\/span><\/a><span style=\"font-weight: 400\"> in 2025 following 8 years of consolidation. In the chart, he also highlighted how XRP broke out in 2017 after a 4-year consolidation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Some analysts seem to be betting on XRP, enjoying a similar rally to the one that happened back in 2017. The crypto token is known to have seen a <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-61000-surge-analyst\/#:~:text=XRP%20Price%20Repeating%2061%2C000%25%20Move%20Will%20Be%20Harder&amp;text=The%20crypto%20token%20is%20said,%E2%80%9Creal%2Dworld%20utility.%E2%80%9D\"><span style=\"font-weight: 400\">61,000% gain in 280 days<\/span><\/a><span style=\"font-weight: 400\"> and crypto analyst CryptoInsightUK <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-61000-surge-analyst\/#:~:text=XRP%20Price%20Repeating%2061%2C000%25%20Move%20Will%20Be%20Harder&amp;text=The%20crypto%20token%20is%20said,%E2%80%9Creal%2Dworld%20utility.%E2%80%9D\"><span style=\"font-weight: 400\">recently shared his thoughts<\/span><\/a><span style=\"font-weight: 400\"> on that happening. Without directly stating if a repeat could happen, he outlined several factors that put XRP in a better position than then.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/crypto\/institutional-investors-346-million-crypto\/\">Institutional Investors Pour $346 Million Into Crypto \u2013 Here Are The Winners<\/a><\/div>\n<p><span style=\"font-weight: 400\">Another crypto analyst who has referred to the 2017 period in his projection is Egrag Crypto. He <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/crypto-4400-xrp-price-27\/#:~:text=Crypto%20Analyst%20Predicts%204400%25%20XRP%20Price%20Surge%20To%20%2427%2C%20Here's%20When,-by%20Scott%20Matherson&amp;text=Crypto%20analyst%20Egrag%20Crypto%20continues,this%20is%20a%20real%20possibility.\"><span style=\"font-weight: 400\">recently mentioned<\/span><\/a><span style=\"font-weight: 400\"> that $27 is a \u201cplausible target\u201d for XRP\u2019s price with the 2017 surge in mind. He didn\u2019t, however, mention when exactly XRP could attain such heights. More recently, Egrag <\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/55956447?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">stated<\/span><\/a><span style=\"font-weight: 400\"> that XRP is on the \u201cbrink of a bullish cross.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">Many analysts <\/span><a href=\"https:\/\/bitcoinist.com\/xrp-price-prediction-bullish-bearish\/#:~:text=According%20to%20this%20person%2C%20XRP,Halving%20happens%20in%20April%202024.\" rel=\"nofollow\"><span style=\"font-weight: 400\">continue to give their opinion<\/span><\/a><span style=\"font-weight: 400\"> on what price level XRP could hit, with some stating that XRP could rise to <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-prediction-10000\/\"><span style=\"font-weight: 400\">as high as $10,000<\/span><\/a><span style=\"font-weight: 400\">. It remains to be seen how much of these bullish projections will be actualized. At the time of writing, XRP is trading at around $0.61, up over 1% in the last 24 hours, according to <\/span><a href=\"https:\/\/coinmarketcap.com\/currencies\/xrp\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinMarketCap.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/U2RzPbRg\/\" alt=\"XRP price chart from Tradingview.com\" width=\"2650\" height=\"1530\"><\/p>\n<pre style=\"text-align: center\">Token price holds $0.61 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">XRPUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Xataka, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The XRP price keeps being projected to enjoy a massive rally soon enough. Many have continued to speculate when this might happen. A crypto analyst has some answers, as he has highlighted three key indicators that could trigger this rally.\u00a0 Three Determinants For A \u201cParabolic Move\u201d In a post shared on his X (formerly Twitter) platform, crypto analyst JD noted that XRP\u2019s monthly was coming. He went on to state three things that \u201cneed\u201d to happen if XRP is to see a massive rally. The first factor he highlighted was the Stochastic Relative Strength Index (SRSI). He stated that there has to be a bullish cross on the SRSI. Related Reading: MasterCard Coming To XRP? Prominent Developer Teases Major Upgrade The SRSI is a technical indicator that is generally used to forecast market trends. It measures the strengths and weaknesses of the relative strength indicator (RSI). It is from this RSI it also derives its value from.\u00a0 Source: X Still emphasizing the SRSI, JD stated that the second factor is that both SRSI lines must cross above 80. This level refers to an overbought condition in the XRP market. As such, it is unclear why JD considers it bullish, considering that traders usually see an overbought condition as a sell signal with an impending correction in mind.\u00a0 XRP Price To Breakout In 2025 For the third factor, JD alluded to an 8-year trendline break. In the accompanying chart that he shared, one could see that he was projecting XRP to break out in 2025 following 8 years of consolidation. In the chart, he also highlighted how XRP broke out in 2017 after a 4-year consolidation.\u00a0 Some analysts seem to be betting on XRP, enjoying a similar rally to the one that happened back in 2017. The crypto token is known to have seen a 61,000% gain in 280 days and crypto analyst CryptoInsightUK recently shared his thoughts on that happening. Without directly stating if a repeat could happen, he outlined several factors that put XRP in a better position than then. Related Reading: Institutional Investors Pour $346 Million Into Crypto \u2013 Here Are The Winners Another crypto analyst who has referred to the 2017 period in his projection is Egrag Crypto. He recently mentioned that $27 is a \u201cplausible target\u201d for XRP\u2019s price with the 2017 surge in mind. He didn\u2019t, however, mention when exactly XRP could attain such heights. More recently, Egrag stated that XRP is on the \u201cbrink of a bullish cross.\u201d Many analysts continue to give their opinion on what price level XRP could hit, with some stating that XRP could rise to as high as $10,000. It remains to be seen how much of these bullish projections will be actualized. At the time of writing, XRP is trading at around $0.61, up over 1% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Token price holds $0.61 | Source: XRPUSD on Tradingview.com Featured image from Xataka, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":562996,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[167,6664,26263,14690,4531,83637,13172,16289,10972,78763],"class_list":["post-562981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Price Prediction: Analyst Identifies 3 Key Factors That Will Trigger Parabolic Move<\/title>\n<meta name=\"description\" content=\"The XRP price keeps being projected to enjoy a massive rally soon enough. 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