Ripple’s XRP could be getting ready to close 2024 on a strong note as various technical and fundamental indicators are aligning to make this a possibility.
One of the indicators, as noted by Mikybull Crypto, is that XRP volatility has fallen below the 2017 level. This means that a major breakout and rally could be coming, similar to those experienced in 2017 and 2020.
$XRP The volatility has fallen below the 2017 level.This means a huge breakout and rally looming as it was in 2017 and 2020. pic.twitter.com/tAFyE0OHGG
— Mikybull Crypto (@MikybullCrypto) August 28, 2024
Read Also: We Asked AI To Predict Solana (SOL) Price In 2025
Fantonshi 100x, a crypto commentator, also mentioned that many meme coins have dipped below the 200-day moving average, but XRP keeps showing strength. This is seen as a sign of a long-term bullish outlook.
The commentator stated that it could be a sign that XRP will close strongly for the year.
Some other fundamental indicators could also make the price spike high. One of them is the upcoming launch of Ripple USD (RLUSD), which will be pegged 1:1 with the US dollar. The lawsuit against the SEC is also winding down already, and this is seen as a major catalyst for price increase.
Next Meme Coin to Explode? Look No Further If You Are Looking for the Next PEPE or POPCAT
Meet PandaWorld, the new meme coin currently selling at discounted presale prices! The project was inspired by the adventures of six panda siblings, utilizing their unique abilities to bring together gaming, staking, and other features.
Show more +Show less –
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
The post Ripple’s XRP Looks Primed for Q4 Surge: These Indicators Strengthen Bullish Price Outlook appeared first on CaptainAltcoin.
