- Analyst observes a bullish wave on the horizon for XRP.
- The price of XRP will likely shoot up by 20% – 30% in the coming days.
- Will this coincide with its ending battle with the SEC?
As the crypto market awaits Bitcoin (BTC) to fly into the $70,000 – $80,000 price range, many altcoins are also making bullish waves. Analysts are observing bullish chart patterns for many altcoins including Ripple’s XRP.
According to the analysis of the chart shared above, it shows how the asset is printing bullish waves in the 12 hour timeframe. Specifically, the trader marks how the trendline breakout is already complete.
Meanwhile, the asset’s trading volume is showing a significant upward trend. Based on this data, the trader established that a highly bullish wave is coming for XRP price. In particular, the trader says that XRP will likely shoot up by 20% – 30%.
According to CoinMarketCap analytics, XRP price currently stands at $0.53. In addition, the data says the asset has a total market cap of $29,384,096,241 with a 24 hour trading volume of $1,587,681,749.
The XRP community, also known as the XRP Army, is one of the most dedicated communities in the crypto space. Long before, the XRP was targeted by the SEC, the price of XRP shot up to an ATH of $3.84.
The XRP Army stands firm and believes that XRP will one day soar to a price close to that of Ethereum and Bitcoin. Many believe this crypto cycle is when this promised day will arrive for the XRP Army.
After all, Ripple and XRP have been closing many successful partnerships with reputed entities in the world. So, why hasn’t the success reflected on the price? This is in a large part due to XRP’s battle with the SEC. This long-fought battle is finally nearing its end. Will XRP find its beat before the golden bull run arrives? The crypto community awaits.
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