XRP Surges as Big Investors Buy In and Experts Predict Big Gains

The XRP has been making waves lately. Its price has jumped over 20% in the last month, catching the eye of traders. Many are watching to see if Ripple will break out of its long-term trading range.

Crypto expert Ali Martinez says big investors, called whales, are buying lots of XRP. In just one week, they purchased more than 140 million XRP tokens. That’s worth about $84 million. This big buying spree happened as XRP’s price was going up.

Some analysts are making bold predictions about XRP’s future. An expert named Dark Defender thinks XRP could reach $36 soon. They shared this idea with their 100,000 followers on X (formerly Twitter). Dark Defender says XRP has “entered qualification mode” after its price bounced from $0.39 to over $0.60.

Dark Defender believes if XRP’s price breaks past $0.6649, it could hit several targets. These targets are $1.88, $5.86, or even $18.23. These predictions are based on a method called Fibonacci retracement.

XRP Surge: Analysts Predict Major Bull Run Ahead

The recent price jump has excited XRP fans. Another famous analyst, Milkybull Crypto, told their 70,000 followers that this rally is “just starting.” They compared it to XRP’s huge price increase in 2017 when its price increased by over 66,000%.

Adding to the excitement, analyst MichaelXBT noticed a rare chart pattern for Ripple. He saw something called a seven-year bullish pennant. This pattern suggests XRP’s price might go up a lot after trading sideways for so long.

As Ripple gains momentum, more people are talking about it. Investors and analysts are watching closely to see if these bullish predictions come true. They’re looking for signs that XRP might break out of its usual price range.

The crypto world is buzzing with talk about XRP. Will it reach the high prices some experts predict? Or will it stay in its current range? Only time will tell, but many are excited about XRP’s potential future.

Furthermore, the author’s views are for reference only and shall not constitute investment advice. Before purchasing, please ensure you fully understand and assess the products and associated risks.