The post XRP Price Prediction: Analyst Anticipates Dip to $0.28, Then Surge to $1 appeared first on Coinpedia Fintech News
XRP stands at a pivotal crossroads. A comprehensive assessment by Poseidon, a well-acknowledged crypto pundit, offers insights into the coin’s future trajectory. With the recent turbulence, where does XRP go from here?
Let’s break down Poseidon’s prediction and analysis.
Diving into Monthly XRP Price Predictions
In its heyday, XRP stood out among its heavyweight peers, experiencing a meteoric rise, particularly during market bubbles. However, events like a lawsuit against it prompted a surge, which was unfortunately not sustained due to a lack of buyers, said Poseidon. The recent erratic behaviors point towards two crucial levels – $0.40 (mid-point) and $0.28 (the lower limit). With the previous month closing below the high range, Poseidon predicts an imminent dip to $0.40.
A Glimpse of the Weekly Chart
The weekly landscape reveals XRP’s abrupt ascent, primarily driven by news influences. While a continued bullish trend would have seen the coin settling above its high range, it appeared to falter due to scarce buyers. The present scenario indicates a potential drop to the $0.40 mark. Post this, a slight surge is expected, only to be followed by a slump to the $0.28 mark. The crypto market’s volatile nature is highlighted with Poseidon’s statement: “This market is unforgiving.”
On the daily front, the charts illustrate a series of rapid hikes, only to be shadowed by a slower, more painful descent. The swift fall from its peak has left a gap in its wake, creating a window of uncertainty. Poseidon stresses that if XRP dips below $0.28, he’d reconsider investing, eyeing a 15-fold return on a bullish run. And while there’s no certainty regarding its all-time high, the odds of XRP touching $1 in a favorable bull market remain promising.
At present, with XRP trading at $0.50 and showing bearish signs both daily and weekly, the market awaits its next move.
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