VeChain (VET) and Ripple’s XRP Gain Bullish Predictions as Charts Form Patterns for Significant Upward Movement, XRP to $30?

May 16, 2024 at 10:14 AM GST 2 mins read Crypto Live News

VeChain (VET) chart pattern sees bearish decline signaling bullish resurgence.
Trader believes this is a good time to accumulate VET which is already moving upward.
XRP gets a bullish price prediction of $30 in what may be a prolonged golden bull cycle.

VeChain (VET) shows bullish signs as analysts, investors, and traders share chart patterns for the sustainability-driven asset. While many advocate heavy accumulation for VeChain (VET), the asset is steadily moving in an upward trajectory.

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I will accumulate more $VET starting from $0.0292 level and below if we get it – preparing for DCA. RSI (1d) is oversold while MACD (1d) bearish momentum is decreasing. pic.twitter.com/7KxsyCglut
— Niklas Theisen (@NiklasTheisen) May 15, 2024

In detail, one analyst believes that VET is a solid asset and is accumulating heavily since the $0.02 range. Since the call, VET price has shot up to $0.035, showing promise in value. According to the trader, the VeChain trajectory is preparing for a DCA as RSI over the past day is oversold. Meanwhile, in the same time frame, the MACD momentum is slowly decreasing.

To put it in simple terms, VET chart activity shows a steady decline in bearish activity whiehc means a bullish resurgence is more likely in the near future. Thus, accumulating VET in this phase is recommended by the trader.

Similarly, other traders add to the bullish narrative and expect VET price to shoot to $0.50 to $1 this bull cycle. Even other traders share bullish predictions for the asset. All in all, VET is an altcoin that’s showing great promise for bullish gains in the coming golden bull cycle.

Another community expecting bullish action from their beloved crypto asset is the XRP Army. XRP is nearing its end of the SEC trial where the final verdict is expected on May 20, 2024. Could this be the trigger to the long-awaited XRP bull run?

$30 #XRP
I think that we're gonna hit $30 this year.
I think next year it'll probably be like a $300.
I think the following year probably be like a $1,000.
After that it'll just skyrocket.
I think the next 3 years will be pretty exciting.
I think the bull run will be a… pic.twitter.com/pkBlUArXtc
— e❌ (@eXonX589) May 15, 2024

While many in the community are all but certain about the price spike, the verdict still stands on how high the asset will go. One of the latest prediction for XRP is $30 this bull cycle. As we see from the post above, a bullish XRP price conversation takes place advocating for a strong $30 bull price for XRP. Along with this, they speculate a prolonged 3-year bull cycle.