- Ripple’s XRP nears next bullish waves and prepares for a significant pump/
- The price of XRP prepares to hit $16.50 this bull cycle.
- If the previous bull cycle pattern plays out, XRP could even pump to $100 this bull cycle.
The crypto community is keeping a closer eye on altcoins as Bitcoin price continues to waver in the lower $80,000 price range. To highlight, the altcoin XRP is showing promising bullish signals. In fact, Ripple’s XRP nears next bullish wave and prepares to surge exponentially to hit the $16.50 price target.
XRP Nears Next Bullish Wave
As we can see from the post above, the analyst draws attention to Ripple’s XRP. This altcoins seems to be moving towards its next bullish wave. In detail, XRP nears next bullish wave based on past performances. If this plays out and XRP price is pushed to the 1.618 Fibonacci level then the price of XRP could hit a new ATH of $16.50 this bull cycle.
XRP Price to $16.5 and Then to $100?
Furthermore, the analyst goes on to share an even more bullish expectation saying that if XRP were to mimic a similar performance of its last bull pump in a previous bull cycle then the price of XRP could pump to over a $100 this bull cycle marking a pump of almost a 40x surge, which could be a significant XRP price surge.
All in all, expectations for XRP to perform exceptionally this bull cycle comes from the asset having missed its previous bull cycle pump due to its battle with the SEC. Now, having emerged victorious, XRP is expected to pump at a much more bullish pace than previous cycle’s to make up for the pump cycle that it previously missed. Thus, very bullish XRP price predictions have come into play.
