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07/03 13:07

XRP Set for Massive Surge as Analyst Predicts Para

XRP Set for Massive Surge as Analyst Predicts Parabolic Breakout Soonaef31da99b324b60bc7272fe91f66d85.webp

XRP is attracting major attention after well-known crypto analyst Crypto Bitlord claimed the token is “way overdue” for a parabolic move. With the asset trading around $2.18, his bold prediction has added fresh momentum to growing speculation across the XRP community.

According to Crypto Bitlord, XRP’s price may soon experience a rapid surge resembling a “skateboard ramp,” suggesting a sharp vertical move. He has done this successfully on XRP rallies in the past, and other traders are overseeing this setup.

Technical analysts are noting the formation of a cup-and-handle formation on the short-term indicators of XRP. This pattern usually indicates a breakout, and in this instance, it indicates a potential move towards 3.35. That target is about 54 percent higher than market levels.

Also Read: BONK Skyrockets 20% as ETF Buzz and Solana Surge Ignite Buying Frenzy

Key indicators also indicate evidence of gaining momentum, with the Moving Average Convergence Divergence (MACD) presenting a bullish crossover signal. Meanwhile, the Relative Strength Index ( RSI ) is staying within a positive trend, which means increasing buyer power.

The area of resistance between 2.47 and 2.80 is considered to be important. A breakout of notable volume above that range may ignite the sort of price action that Bitlord is anticipating. Market analysts including JD and Ali Martinez have echoed this outlook, suggesting a move could be imminent.
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