😱🚀Analyst Predicts XRP Price to Exceed $1.2
The #XRP price increase has captivated investors once again and signaled a renewed confidence in crypto.
Sunday Dec's bullish momentum of XRP, on the background of the broader recovery in the crypto market following the Bitcoin Halving event, has led to optimism among investors.
Meanwhile, a leading analyst's bullish forecast for XRP dominance has further inflamed the debate about a potential Deceleration, with targets set at Fibonacci levels.
Analyst Predicts an Increase in the Price of XRP
EGRAG Crypto, a well-known crypto analyst, has published a bullish forecast on the dominance of the cryptocurrency, amid the recent rise of the XRP price. According to a recent X post, XRP's dominance is currently based on a historical support line that recalls the patterns observed in 2017 and 2021.
Meanwhile, drawing parallels with previous market movements, the analyst Decrees rapid and strong price increases for #Ripple XRP in the near future. Potential price targets were set at the Fibonacci levels, including $1,272, $1,414 and $1,618.
Simultaneously, the analyst's optimistic outlook ignited speculation among investors, and there were discussions revolving around the possibility of XRP exceeding the $ 1.2 limit and Dec. While investors are waiting for the "potential fireworks" in the XRP Sunday, the expectation of a significant price increase is increasing due to the historical performance of the cryptocurrency and market dynamics.
