Ripple’s XRP price chart prints bullish signals for a massive upside move.
Analyst says 41,400% price spike is possible taking XRP price to $150.
The next trend target could be $0.72. Will this play out before the meeting on July 25?
The price of Bitcoin (BTC) closed over $68,000 the previous week generating greater bullish sentiment for the crypto market’s steady upward climb. Adding to the bullish narrative, Joe Biden dropped out of the 2024 US Presidential election leaving Trump and Kennedy, two pro-crypto candidates at the lead.
Together, these events have triggered greater bullish sentiment for the crypto market. Adding on, earlier today Elon Musk changed his X display image to the bullish blue laser eyes image fueling speculation that the tech titan will be at the upcoming Bitcoin Conference along with Trump and Kennedy.
Indeed, it seems like massive bullish waves are loading for all crypto assets. While many altcoins are mirroring Bitcoin’s bullish lead, some altcoins are gaining more attention than the others. In particular, Ripple’ XRP is in the spotlight. To highlight, this is likely because the Ripple vs SEC case is finally nearing conclusion.
Specifically, the case should have ended last week, but the SEC canceled that conclusive meeting and pushed it to this week. Soon, the conclusion to the Ripple vs SEC case will likely be determined on the rescheduled day of the meeting on July 25.
$XRP's literally looking to be right on the brink of a MASSIVE BULLISH BREAKOUT and has just recently tested one. With continued market strength, this can successfully happen and open up room, with a full Logarithmic Follow-Through for an over +41,400% run into $150+… pic.twitter.com/fbKW7Ez9wM
— JAVON MARKS (@JavonTM1) July 21, 2024
Meanwhile, it looks like the XRP price chart is channeling this anticipation to print bullish signals. As we can see from the post above, XRP seems to be on the brink of a massive bullish breakout.
In detail, the analyst shares that the asset has just tested a breakout and with continued market strength, XRP price can successfully moon. In particular, the analyst notes that with full Logarithmic follow-through, XRP can shoot by over 41,400% to hit $150 ATH.
#XRP is about to skyrocket out of this symmetrical triangle on the 4H chart. If it does, the target is $0.72 pic.twitter.com/cNFZ4lbXg5
— The Moon (@TheMoonCarl) July 21, 2024
Additionally, another analyst adds that if crypto traders and XRP holders will take a closer look at the altcoin’s chart, then it seems like XRP is ready to break out of a symmetrical triangle on the 4h chart. If XRP succeeds, the next uptrend target for XRP is $0.72.
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The post XRP Poised for 41,400% Price Spike Targeting $150 ATH, the Altcoin Approaches Next Trend Target of $0.72 appeared first on Crypto News Land.
