{"id":604729,"date":"2024-04-23T21:00:29","date_gmt":"2024-04-23T21:00:29","guid":{"rendered":"https:\/\/uniquehot.com\/?p=604729"},"modified":"2024-06-11T09:52:40","modified_gmt":"2024-06-11T09:52:40","slug":"xrp-surges-12-as-bulls-take-charge-expert-raises-target-to-1-4","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple\/xrp-surges-12-as-bulls-take-charge-expert-raises-target-to-1-4\/","title":{"rendered":"XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4"},"content":{"rendered":"<p><span style=\"font-weight: 400\">XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 <\/span><a href=\"https:\/\/uniquehot.com\/xrp-news\/xrp-price-scenarios-ahead-of-ripple-sec-case-update\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">altcoins <\/span><\/a><span style=\"font-weight: 400\">in the market, behind only Solana (SOL) and Binance Coin (BNB).\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Signs Of A Strong Bullish Trend Ahead For XRP?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On Tuesday, XRP hit a high of $0.5571, demonstrating its bullishness and outperforming its peers. This resurgence was paired with a spike in <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-whales-on-the-move\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">wallet activity<\/span><\/a><span style=\"font-weight: 400\">, a positive sign for the token&#8217;s overall market sentiment.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/x.com\/santimentfeed\/status\/87320181\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">According <\/span><\/a><span style=\"font-weight: 400\">to the network intelligence platform Santiment, the number of wallets holding at least 1 million XRP has steadily increased over the past six weeks, rising by 3.1%. It is now just one wallet away from reaching an all-time high (ATH).<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/standard-chartered-150000-bitcoin-price-target-year-end\/\" target=\"_blank\" rel=\"noopener \">Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End<\/a><\/div>\n<figure id=\"attachment_604732\" aria-describedby=\"caption-attachment-604732\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-604732\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=860&#038;resize=860%2C474\" alt=\"XRP\" width=\"860\" height=\"474\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=950 950w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/04\/Screenshot_107.jpg?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-604732\" class=\"wp-caption-text\">XRP is on the verge of reaching its ATH of wallets holding more than 1M tokens. Source: <a href=\"https:\/\/x.com\/santimentfeed\/status\/87320181\" target=\"_blank\" rel=\"noopener nofollow\">Santiment<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">In addition, crypto analyst Ali Martinez <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/73085397\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">reported <\/span><\/a><span style=\"font-weight: 400\">a notable buying spree among XRP whales, who purchased over 31 million tokens in the past week alone. This has contributed to the cryptocurrency&#8217;s <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-bulls-roar-analyst-foresees-explosive-surge\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">price recovery<\/span><\/a><span style=\"font-weight: 400\">, emphasizing renewed confidence in its uptrend prospects.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Regarding price action, market analyst Egrag Crypto<\/span><a href=\"https:\/\/x.com\/egragcrypto\/status\/70997749\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\"> points out<\/span><\/a><span style=\"font-weight: 400\"> that XRP has formed a double bottom pattern, considered a strong bullish signal. <\/span><span style=\"font-weight: 400\">This pattern, combined with the transition of the consolidation zone into a supply zone and the wicking area into a demand and accumulation zone, indicates a promising outlook for the token, according to the analyst.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Egrag Crypto is confident that a significant price spike or &#8220;thrust&#8221; is imminent, and the analyst has updated his target to $1.4 for XRP.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Critical Resistance Levels To Watch\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Despite initial <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/analyst-keeps-faith-in-xrp-potential-targets-288-despite-price-retreat\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">bullish outlooks<\/span><\/a><span style=\"font-weight: 400\"> for XRP, the token has retraced to the $0.5474 price level as of the time of writing, accompanied by a 14% decrease in market capitalization over the past 30 days.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, as XRP aims to reach higher levels, potential resistance barriers may impede the token&#8217;s recovery and the bullish trend. Analyzing the XRP\/USD chart below reveals the immediate resistance at $0.5644, which has prevented consolidation above current levels for the past week.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/the-cardano-1-dream-is-a-price-explosion-coming-or-just-deja-vu\/\" target=\"_blank\" rel=\"noopener \">The Cardano $1 Dream: Is A Price Explosion Coming Or Just Deja Vu?<\/a><\/div>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/deLm9K3W\/\" alt=\"XRP\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The 1-D chart shows XRP&#8217;s price recovery over the past week. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">XRPUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">After that, the final obstacle before a retest of the $0.600 zone lies at the $0.5884 level. This level previously served as a <\/span><a href=\"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-recovery-fade-0-5440\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">support floor<\/span><\/a><span style=\"font-weight: 400\"> for the token, leading to a rebound during the uptrend seen in March, which took XRP to its yearly high of $0.745.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Conversely, monitoring the support levels at $0.52910, $0.5184, and $0.5044 is crucial. If a bearish scenario develops in the coming days, these levels may prevent XRP from falling below $0.500.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from Shutterstock, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230.\u00a0 However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind only Solana (SOL) and Binance Coin (BNB).\u00a0 Signs Of A Strong Bullish Trend Ahead For XRP?\u00a0 On Tuesday, XRP hit a high of $0.5571, demonstrating its bullishness and outperforming its peers. This resurgence was paired with a spike in wallet activity, a positive sign for the token&#8217;s overall market sentiment.\u00a0 According to the network intelligence platform Santiment, the number of wallets holding at least 1 million XRP has steadily increased over the past six weeks, rising by 3.1%. It is now just one wallet away from reaching an all-time high (ATH). Related Reading: Standard Chartered Reaffirms $150,000 Bitcoin Price Target By Year-End In addition, crypto analyst Ali Martinez reported a notable buying spree among XRP whales, who purchased over 31 million tokens in the past week alone. This has contributed to the cryptocurrency&#8217;s price recovery, emphasizing renewed confidence in its uptrend prospects. Regarding price action, market analyst Egrag Crypto points out that XRP has formed a double bottom pattern, considered a strong bullish signal. This pattern, combined with the transition of the consolidation zone into a supply zone and the wicking area into a demand and accumulation zone, indicates a promising outlook for the token, according to the analyst.\u00a0 Egrag Crypto is confident that a significant price spike or &#8220;thrust&#8221; is imminent, and the analyst has updated his target to $1.4 for XRP.\u00a0 Critical Resistance Levels To Watch\u00a0 Despite initial bullish outlooks for XRP, the token has retraced to the $0.5474 price level as of the time of writing, accompanied by a 14% decrease in market capitalization over the past 30 days. Moreover, as XRP aims to reach higher levels, potential resistance barriers may impede the token&#8217;s recovery and the bullish trend. Analyzing the XRP\/USD chart below reveals the immediate resistance at $0.5644, which has prevented consolidation above current levels for the past week. Related Reading: The Cardano $1 Dream: Is A Price Explosion Coming Or Just Deja Vu? After that, the final obstacle before a retest of the $0.600 zone lies at the $0.5884 level. This level previously served as a support floor for the token, leading to a rebound during the uptrend seen in March, which took XRP to its yearly high of $0.745. Conversely, monitoring the support levels at $0.52910, $0.5184, and $0.5044 is crucial. If a bearish scenario develops in the coming days, these levels may prevent XRP from falling below $0.500. Featured image from Shutterstock, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":601099,"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":[6664,1558,14450,15464,83637,13172,91056,89423,16289,10972,16371,78763],"class_list":["post-604729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-crypto","tag-cryptocurrency","tag-ripple-xrp-price-analysis","tag-ripple-xrp-price-charts","tag-xrp-news","tag-xrp-price","tag-xrp-price-breakout","tag-xrp-price-news","tag-xrp-price-prediction","tag-xrpusd","tag-xrpusd-price","tag-xrpusdt"],"acf":[],"yoast_head":"\n<title>XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4<\/title>\n<meta name=\"description\" content=\"XRP has shown notable signs of renewed bullish momentum in 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