Analyst: XRP will rise by 46,900% by the end of 2024.
Using trend lines, a technical analysis tool to determine the direction of movement of the price of a cryptocurrency, the analyst known as Block Bull predicted a breakout of XRP to $250 before the end of this year a.
Sharing with his subscribers a graph showing the dynamics of XRP prices from 2015 to 2024, the cryptanalyst noted several supercycles that the coin experienced. It showed that the asset witnessed a breakout in 2018, which occurred 36 weeks after the Bitcoin halving, which ended 77 weeks after the reduction birth. After the 2021 halving, XRP also experienced another breakout after 36 weeks, reaching an interim peak at 48 weeks. Based on this time analysis of the asset price, the analyst predicts a parabolic jump in the price of XRP in the current market cycle, which could begin 36 weeks after last halving. Achieving a potential peak is possible in 48 weeks, that is, in March 2025. In addition, Block Bull suggests that the coin may enter a bearish phase in October 2025. Currently, 20 days after the halving, XRP is trading at $0.51. Over the month, the crypto asset lost about 15.90%.
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