- XRP responds to major bullish divergence signal with MACD.
- Analysts say that XRP is nearing a breaking point with new ATH target in sight.
- These new bullish pump targets are set at $7.5, $13, and $27.
The crypto market continues its bullish recovery pump trend leading to several analysts looking towards new nights for Bitcoin, ETH, XRP, ADA, and several other promising altcoins in the coming months ahead. In particular, Ripple’s XRP responds to major bullish divergence signal with MACD indicator and nears a potentially explosive breaking point with bullish targets of $13 and $27.
XRP Responds to Major Bullish Divergence Signal
The crypto market has seen a spectacular recovery where highly bearish sentiments turned suddenly into an explosive and bullish market. With Bitcoin having reclaimed its $84,000 price target, expectations are higher than ever for the crypto market to propel towards much higher targets in the coming days ahead. In detail, this rally has helped pump expectations for bullish and highly potential altcoins to flourish.
To specify, Ripple’s XRP, one of the most bullish altcoins for the coming altseason phase, has been showing multiple bullish signals. Of these, the most recent bullish indicator comes from XRP starting to respond majorly after holding a bullish divergence with its MACD and as it nears a breaking point. As we can see from the chart in the post above, the analyst concludes that XRP price can go much higher.
To elaborate, in the case of XRP, expectations are much greater for the altcoin to pump this bull cycle because the asset missed its chance to pump last cycle due to its legal case with the SEC. Now that the Ripple vs SEC case has come to a resounding close in favor of Ripple and XRP, analysts expect XRP price to hit much higher targets as its next ATH price. In addition, the analyst believes a new ATH price for XRP at $10 and above is a high plausible target this bull cycle.
Next ATHs for XRP: $13 and $27
Similarly, another bullish analyst highlights what he calls the XRP Kangaroo pattern on the XRP price chart. As we can see from the post above, this analyst says that another last dip is likely for XRP price. He believes this test will pull the price of XRP back to the $1.85 price range before tracing back to the $2.3 and $2.5 price range. Soon after, the analyst expects the price of XRP to explode to hit much higher ATH prices from $7.50 to $13 to $27. He concludes with a message of vigilance and confidence. The crypto market is a highly volatile arena. Thus, one should ensure to do their own research and understand the risks, and only then go on to place trading orders or choose to buy, sell, or hold any crypto assets.
