{"id":635132,"date":"2024-08-14T05:00:19","date_gmt":"2024-08-14T05:00:19","guid":{"rendered":"https:\/\/uniquehot.com\/?p=635132"},"modified":"2024-08-13T12:17:36","modified_gmt":"2024-08-13T12:17:36","slug":"xrp-price-rally-10400-to-60","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-rally-10400-to-60\/","title":{"rendered":"Analyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When"},"content":{"rendered":"

A crypto analyst has shared an optimistic outlook for the <\/span>XRP<\/span><\/a> price, the native token of the <\/span>XRP Ledger (XRPL)<\/span><\/a>, predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase.\u00a0<\/span><\/p>\n

XRP Price Set To Hit $60 With Projected 10,400% Surge<\/h2>\n

In an X (formerly Twitter) <\/span>post<\/span><\/a> on August 12, crypto analyst, Brett Hill expressed bullish optimism about XRP\u2019s future price. The analyst suggests that XRP could be <\/span>on the verge of a significant breakout<\/span><\/a>, potentially propelling it to new all-time highs.\u00a0<\/span><\/p>\n

Related Reading: Ethereum Return To $4,000: Key Zones And Price Levels To Watch<\/a><\/div>\n

He shared a chart tracking <\/span>XRP\u2019s price movements<\/span><\/a> from March 2023 to 2025. Based on his analysis, the analyst predicts that XRP is poised to reach a price range of $50 to $60, representing a substantial 10,400% surge from its current value.\u00a0<\/span><\/p>\n

\"XRP
Source: X<\/figcaption><\/figure>\n

While outlining his <\/span>bullish forecast for XRP<\/span><\/a>, Hill pointed to XRP\u2019s weekly Moving Average Convergence Divergence (MACD).\u00a0<\/span>The\u00a0MACD<\/a> is a trend-following momentum indicator that is used to identify entry and exit points for crypto traders.<\/span>\u00a0<\/span><\/p>\n

The analyst disclosed that this unique indicator is currently signaling a strong <\/span>bullish momentum for XRP<\/span><\/a>, solidifying its potential price increase to new all time highs. He further highlighted a <\/span>key support level<\/span><\/a> at the $0.5403 mark.<\/span><\/p>\n

Hill has forecasted that XRP would potentially surge between $50 to $60 if it stays above the aforementioned support level. With XRP currently trading at $0.57, well above the crucial support level, this could mean that the $50 to $60 price target may be achieveable in the coming weeks.\u00a0<\/span><\/p>\n

The analyst has also affirmed that as long as <\/span>XRP holds this support level<\/span><\/a>, it is well-positioned for \u201cbig gains.\u201d Despite his rather ambitious and bullish prediction for the cryptocurrency, Hill warns that investors should watch out for a resistance level of $0.6836.\u00a0<\/span><\/p>\n

He disclosed that if XRP can break through this <\/span>resistance level<\/span><\/a>, it could potentially trigger a powerful upward momentum that could send its price even higher.\u00a0<\/span><\/p>\n

Analysts Stay Bullish On XRP After Legal Win<\/h2>\n

In a previous X post, Hill <\/span>forecasted<\/span><\/a> that the XRP Ledger is poised for an explosive growth following Ripple\u2019s recent <\/span>legal victory<\/span><\/a> over the United States Securities and Exchange Commission (SEC).\u00a0<\/span><\/p>\n

On August 8, the United States (US) South District Court <\/span>fined Ripple $125 million in civil penalties<\/span><\/a> for violating securities laws by selling XRP to institutional investors. Ripple\u2019s Chief Executive Officer (CEO), Brad Garlinghouse <\/span>sees<\/span><\/a> the settlement fee as a significant win, given that the <\/span>SEC<\/span><\/a> had previously requested a whopping $2 billion in settlement.\u00a0<\/span><\/p>\n

Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000<\/a><\/div>\n

Following the Court\u2019s rule, analysts and market watchers have expressed optimistic outlooks about XRP\u2019s future value. Crypto enthusiast, Amelie <\/span>disclosed<\/span><\/a> that XRP\u2019s newfound regulatory clarity was set to inject trillions of dollars into XRPL projects.\u00a0<\/span><\/p>\n

Additionally, a crypto analyst identified as \u2018CryptoBull\u2019 on X has <\/span>projected<\/span><\/a> a major bullish price target for XRP. According to the analyst, XRP could surge anywhere between $13 and $46 within the next 1 to 18 months.\u00a0<\/span><\/p>\n

\"XRP
XRP price shows strength against bears | Source: XRPUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst has shared an optimistic outlook for the XRP price, the native token of the XRP Ledger (XRPL), predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase.\u00a0 XRP Price Set To Hit $60 With Projected 10,400% Surge In an X (formerly Twitter) post on August 12, crypto analyst, Brett Hill expressed bullish optimism about XRP\u2019s future price. The analyst suggests that XRP could be on the verge of a significant breakout, potentially propelling it to new all-time highs.\u00a0 Related Reading: Ethereum Return To $4,000: Key Zones And Price Levels To Watch He shared a chart tracking XRP\u2019s price movements from March 2023 to 2025. Based on his analysis, the analyst predicts that XRP is poised to reach a price range of $50 to $60, representing a substantial 10,400% surge from its current value.\u00a0 While outlining his bullish forecast for XRP, Hill pointed to XRP\u2019s weekly Moving Average Convergence Divergence (MACD).\u00a0The\u00a0MACD is a trend-following momentum indicator that is used to identify entry and exit points for crypto traders.\u00a0 The analyst disclosed that this unique indicator is currently signaling a strong bullish momentum for XRP, solidifying its potential price increase to new all time highs. He further highlighted a key support level at the $0.5403 mark. Hill has forecasted that XRP would potentially surge between $50 to $60 if it stays above the aforementioned support level. With XRP currently trading at $0.57, well above the crucial support level, this could mean that the $50 to $60 price target may be achieveable in the coming weeks.\u00a0 The analyst has also affirmed that as long as XRP holds this support level, it is well-positioned for \u201cbig gains.\u201d Despite his rather ambitious and bullish prediction for the cryptocurrency, Hill warns that investors should watch out for a resistance level of $0.6836.\u00a0 He disclosed that if XRP can break through this resistance level, it could potentially trigger a powerful upward momentum that could send its price even higher.\u00a0 Analysts Stay Bullish On XRP After Legal Win In a previous X post, Hill forecasted that the XRP Ledger is poised for an explosive growth following Ripple\u2019s recent legal victory over the United States Securities and Exchange Commission (SEC).\u00a0 On August 8, the United States (US) South District Court fined Ripple $125 million in civil penalties for violating securities laws by selling XRP to institutional investors. Ripple\u2019s Chief Executive Officer (CEO), Brad Garlinghouse sees the settlement fee as a significant win, given that the SEC had previously requested a whopping $2 billion in settlement.\u00a0 Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000 Following the Court\u2019s rule, analysts and market watchers have expressed optimistic outlooks about XRP\u2019s future value. Crypto enthusiast, Amelie disclosed that XRP\u2019s newfound regulatory clarity was set to inject trillions of dollars into XRPL projects.\u00a0 Additionally, a crypto analyst identified as \u2018CryptoBull\u2019 on X has projected a major bullish price target for XRP. According to the analyst, XRP could surge anywhere between $13 and $46 within the next 1 to 18 months.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":635193,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83363],"tags":[3680,17209,4531,83637,13172,10972,78763],"class_list":["post-635132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-xrp","tag-ripple","tag-ripple-news","tag-xrp","tag-xrp-news","tag-xrp-price","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nAnalyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When<\/title>\n<meta name=\"description\" content=\"A crypto analyst has shared an optimistic outlook for the XRP price, predicting a potential rally of up to 10,400% with a target of 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Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Says XRP Price Will Rally 10,400% To $60, Here\u2019s When","url":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-rally-10400-to-60\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/analysis\/xrp\/xrp-price-rally-10400-to-60\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Price-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Price-2.jpeg?fit=1792%2C1024"},"articleSection":"XRP","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ripple","ripple news","xrp","xrp news","xrp price","xrpusd","xrpusdt"],"dateCreated":"2024-08-14T05:00:19Z","datePublished":"2024-08-14T05:00:19Z","dateModified":"2024-08-14T05:00:19Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Says XRP Price Will Rally 10,400% To $60, Here\\u2019s When\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-rally-10400-to-60\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/analysis\\\/xrp\\\/xrp-price-rally-10400-to-60\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Price-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/XRP-Price-2.jpeg?fit=1792%2C1024\"},\"articleSection\":\"XRP\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ripple\",\"ripple news\",\"xrp\",\"xrp news\",\"xrp price\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2024-08-14T05:00:19Z\",\"datePublished\":\"2024-08-14T05:00:19Z\",\"dateModified\":\"2024-08-14T05:00:19Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/08\/XRP-Price-2.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/635132"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=635132"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/635132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/635193"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=635132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=635132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=635132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}