XRP Is Ready For Uptrend That Could Lead to a Breakout With Parabolic Explosion
XRP has faced challenges in sustaining an upward trend in recent days, despite a bullish turn in the crypto market. While leading cryptocurrencies like Ethereum and Solana (SOL) have recorded gains exceeding 10% over the past week, XRP has only experienced a 3.53% increase.
Over the last 24 hours, XRP has declined by 1%, in contrast to other competitors that have seen positive gains of over 3%. Consequently, XRP has yet to fully capitalize on the current bullish sentiment prevailing in the crypto market.
Analyst Stance on XRP
Despite this, seasoned crypto trader Bitlord anticipates a bullish upturn for XRP, stating that he believes “XRP is ready” and predicting a parabolic surge within a 24-hour timeframe. However, as of the present moment, XRP’s price movements have remained subdued following Bitlord’s optimistic forecast.
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Bitlord’s bullish outlook appears to have been influenced by a brief surge in XRP’s price over the weekend, during which XRP briefly reached $0.61, marking a new high since the previous month. However, this momentum was short-lived, with XRP subsequently falling to a low of $0.5796.
In response to skepticism surrounding his prediction, Bitlord expressed disappointment over the negativity directed at XRP. He sought to reinforce his conviction by recalling a previous successful prediction, stating that the last time he made a similar call for XRP, “it moved a few billion.”
Despite XRP’s underperformance compared to other cryptocurrencies during bullish trends, Bitlord remains resolute in his anticipation of a bullish breakout for XRP, citing previous instances where his predictions resulted in significant gains for the cryptocurrency. Bitlord’s confidence in XRP’s potential for a notable uptrend persists, based on historical successes and observed market movements.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
