XRP’s breakout from a 2,351-day resistance suggests a possible target of over $150.
The potential logarithmic increase could see XRP rise by more than 21,000%.
Russia’s approval of crypto payments could boost XRP’s adoption and price.
Ripple’s XRP is gaining the attention of both analysts and investors following a significant price movement. According to the post below, XRP’s price trajectory could potentially rise from its current level to as high as $113.13.
The analyst’s projection illustrates an ambitious outlook. He anticipates XRP to experience a sharp ascent, reaching significant milestones along the way.
#xrp's time $113.13 $ 50 $26.6 $6.15 $3.3 $1.13 $0.75Complete Price Guidelines https://t.co/HfyWbUINEk pic.twitter.com/f78ZZRqcnq
— (X)=chi (R)esurrected (P)=rho (@Cryptobilbuwoo0) July 30, 2024
Javon Marks, another renowned analyst, has highlighted that XRP has broken out from a massive resistance trend lasting over 2,351 days. This breakout is seen as a major technical achievement, suggesting that XRP could be on its way to reaching a target of over $150.
With the potential for a logarithmic follow-through, the price could theoretically climb more than 21,000% from its current value. Such a dramatic increase would mark a new era of growth for XRP.
Russia’s Crypto Payment Approval
Adding to the bullish sentiment around XRP, Russia has recently approved the use of cryptocurrency for cross-border payments. The regulatory shift could provide a significant boost to the crypto market.
This could be particularly true for XRP, which is often viewed as a key player in facilitating international transactions. The approval by Russia is expected to increase t...
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