- All eyes on XRP as analysts chart epic price pump.
- This could take the price of XRP to bullish ATH targets between $15 – $33.
- Ripple’s altcoin could go on to hit several new ATH targets.
All eyes on XRP as analysts chart epic price pump to bullish ATH targets between $15 – $33. Expectations for all promising altcoins to hit new ATH prices in the coming Q4 phase of the year grow stronger as many analysts confirm that the September correction is nearing its close. Out of the many popular altcoins already showing strong signs for a parabolic pump, Ripple’s XRP remains one of the most popular yet.
All Eyes on XRP as Analysts Chart Epic Price Pump
According to CoinMarketCap analytics, the price of XRP is trading in the $2.76 price range and is down by over 2.5% in the last 24 hours. One reputed crypto trader and analyst says that after a heavy rejection at the $3.00 resistance, XRP has lost its major 0.5 fib support at $2.79 and even came back up to test it as resistance. The rejection was sharp, and the RSI is reflecting strong selling pressure.
She goes on to explain how this suggests that the market may need to dump lower to truly be done with the correction, which for XRP, could be around the $2.715 price area. This, the analyst states, is likely the bottom trendline of the consolidation and, more importantly, would still not make a new low in the correction. She also adds that she was expecting the market to print a lower low in the candle bodies while showing bullish divergence on the RSI.
Next, she says that the market is now seeing this divergence forming on the higher timeframes, but the smaller timeframes haven’t fully exhausted yet. This suggests the larger move down is unfolding as a 5th wave, but it isn’t finished just yet. Some altcoins like ETH and DOGE have already hit their bottom targets, but others, like XRP, need one last small dip to fully exhaust selling pressure before momentum can flip.
As we can see from the post above, the analyst shares key signs to watch, starting with the 1-hour RSI, which has printed a bullish divergence and is holding a clear trendline. The next is for XRP to reclaim $2.79 by the daily close and flip that level back into support. Meanwhile, another reputed crypto expert and XRP trader and enthusiast goes on to share his bull targets for XRP this altseason and bull cycle.
XRP Could Hit Bullish ATH Target Between $15 – $33
As we can see from the long and detailed post above, this analyst goes on to share several bullish indicators, market signals, XRP chart and price signs, and many other influencing factors that could likely propel the price of the popular altcoin XRP. Having explained his opinions and viewpoints, the analyst ends his message by strongly marking $15 to $33 to be this altseason’s cycle top targets for Ripple’s XRP.
