💥Bitcoin (BTC) has now dipped slightly below the $64,000 mark but is still considered to have long-term growth potential. Market sentiment remains very positive as many expect Bitcoin prices to continue to rise strongly in Q4.
This also has a positive effect on altcoins. Many altcoins are showing similar bullish signals on their charts, leading to expectations of an “altseason” gradually forming.
💥Strong bullish signal for XRP
👉Among altcoins, Ripple's XRP is being talked about the most because of its outstanding growth signals. Previously, XRP missed out on the market's strong price increase due to difficulties in the lawsuit with the US Securities and Exchange Commission (SEC).
👉However, after this lawsuit ended in favor of Ripple, XRP is ready to return and record a new strong growth cycle.
💥Can XRP Surge 30,000% to $200?
👉An expert said XRP has just broken out of a “pennant” price pattern that has lasted for more than 6 years. If the prediction is correct, XRP could surge and reach a peak price of $200, equivalent to an increase of about 30,000% compared to the current price of $0.6298 (according to data from CoinMarketCap).
👉Another expert commented that XRP is facing a strong resistance level at $0.6649, but if it overcomes this level, the price will likely increase rapidly and reach new highs.
💥Analysis of 3 XRP price cycles
👉Another analyst studied XRP's 3 price cycles, specifically as follows:
– Cycle 1: Price peaks 580 days after bottoming.
– Cycle 2: Price peaks 150 days after bottoming.
– Cycle 3: Currently, XRP is in its 3rd cycle and there are many signs that the price will set a new record without completely following the pattern of the previous 2 cycles.
👉This shows that XRP's potential for price increase is huge and can create an explosive growth in the near future.
