$XRP XRP Price Could Have a ‘mega Breakout’ Soon, Analyst Says
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Ripple price has held steady this week as crypto analysts predict a big comeback in the coming days.
Ripple (XRP) was one of the top-performing cryptocurrencies on Tuesday as traders focused on the Bitcoin movements by the US government. Data by Arkham showed that the government moved Bitcoin worth $2 billion into a custodial account. 
Therefore, Bitcoin price retreated from $70,000 to $66,000 as these movements brought memories of the recent selling by the German government, which liquidated coins worth $5 billion this month.
The US is a bigger Bitcoin holder than Germany. Data shows that the Federal government holds over 220,000 coins valued at over $15 billion. As such, a move to liquidate these coins would have an impact on the crypto market.
Some crypto traders are extremely bullish on Ripple, a coin that has been a top laggard in the past few years. XRP is down by 12% in the past 12 months while Bitcoin (BTC) and Ethereum (ETH) rose by 127% and 80%, respectively.
In an X post, Tony Severino, a crypto trader, noted that Ripple’s monthly Bollinger Bands have moved to their tightest level in years. The last time the bands were that tight, XRP price rose by 6,000%.
$XRP monthly Bollinger Bands are the tightest everTighter than before the historic 60,000% rally that ended in early 2018 pic.twitter.com/OFTTkcDxDU
— Tony "The Bull" Severino, CMT (@tonythebullBTC) July 30, 2024
Bollinger Bands are popular trend indicators made up of three lines. The middle one is the asset’s moving average while the other two are its standard deviations. In most cases, an asset makes a breakout or breakdown after remaining in a tight #XRP🌟 #xrp⭐ #xrp⚡⚡ #xrp🧲 #xrp⚜️ range for a while.

$XRP XRP $18 ATH or $4 ATH, Crypto Analyst Shares Take on What XRP Price to Expect Next
Brett Hill forecasts XRP could rise to $18-$20 or fall to $4-$10 in 1 to 6 months.
Optimistic scenario predicts XRP reaching $18-$20 based on recent market trends and technical analysis.
Pessimistic scenario suggests XRP could dip to $4-$10 due to potential market downturns and risks.
Brett Hill, a notable crypto influencer, shared his projections for XRP, stirring significant interest in the cryptocurrency community. According to Hill's latest update, XRP's price could follow one of two distinct paths over the next 1 to 6 months.
https://twitter.com/Brett_Crypto_X/status/1821781452968599738 Optimistic Scenario: A Surge to $18
In an optimistic view, Hill predicts XRP could reach between $18 and $20. This forecast is based on several factors, including recent market trends and technical analysis. XRP has shown notable resilience in the market, and if this trend continues, reaching these levels could become a reality. Historical performance and current market dynamics are integral to these projections.
Hill’s analysis highlights XRP's recent bullish momentum, which supports the possibility of reaching these higher price levels. This projection assumes continued positive sentiment and growth within the crypto space, which could drive XRP to new heights.#xrp⚜️ #xrp👑 $XRP #xrp⚡ $USDC #xrp🔱🔱 #xrp✅