Analyst Predicts Short-Term XRP Price Surge to $5.5 on Ripple’s RLUSD Japan Expansion
The post Analyst Predicts Short-Term XRP Price Surge to $5.5 on Ripple’s RLUSD Japan Expansion appeared on BitcoinEthereumNews.com. XRP price continues to draw attention as optimism develops around its long-term growth potential. At press time, the token is trading at 2.97, representing a 2.04% gain in the day. The growing ecosystem and increasing adoption trends of Ripple are also contributing to the speculation of future gains. Therefore, XRP remains a key focus in the broader digital asset space, with growing sentiments about its ability to deliver substantial returns. Analyst Eyes 200% Rally As Short-Term Target Hits $5.50 XRP price is currently trading in a consolidation phase following its recent recovery. An analyst, Crypto Patel, believes that a bullish scenario is in the cards should the price hold above the $2.00 support. According to the analyst, the major obstacle to higher targets is resistance at the level of 2.90. A successful break above this point may open the way to a powerful rise, the potential of which is approximately 228%, which puts the next target at around 10 dollars. However, in case of support breakdown, the lower range around $2.00 will be at risk. Overall, the analyst maintains a bullish XRP long-term price prediction as the current levels remain intact. XRP/USDT 3-Week Chart (Source: X/CryptoPatel) On the one-day timeframe, XRP price has maintained strength above $2.80 support. The price is now positioned around $2.97 with signs of renewed strength. The previous breakout delivered an uptrend of 62% surge, confirming the impact of repeating patterns. The current projection points to a possible 95% advance, placing the short-term target close to $5.50 if resistance levels are cleared. The indicators are strengthening this view, with the Money Flow Index sitting near 25, suggesting oversold conditions. XRP/USDT 1-Day Chart (Source: TradingView) On the other hand, the M2 Global Liquidity Index is also trending higher. This indicator has historically correlated with the strongest rallies…
The post Analyst Predicts Short-Term XRP Price Surge to $5.5 on Ripple’s RLUSD Japan Expansion appeared on BitcoinEthereumNews.com.
XRP price continues to draw attention as optimism develops around its long-term growth potential. At press time, the token is trading at 2.97, representing a 2.04% gain in the day. The growing ecosystem and increasing adoption trends of Ripple are also contributing to the speculation of future gains. Therefore, XRP remains a key focus in the broader digital asset space, with growing sentiments about its ability to deliver substantial returns. Analyst Eyes 200% Rally As Short-Term Target Hits $5.50 XRP price is currently trading in a consolidation phase following its recent recovery. An analyst, Crypto Patel, believes that a bullish scenario is in the cards should the price hold above the $2.00 support. According to the analyst, the major obstacle to higher targets is resistance at the level of 2.90. A successful break above this point may open the way to a powerful rise, the potential of which is approximately 228%, which puts the next target at around 10 dollars. However, in case of support breakdown, the lower range around $2.00 will be at risk. Overall, the analyst maintains a bullish XRP long-term price prediction as the current levels remain intact. XRP/USDT 3-Week Chart (Source: X/CryptoPatel) On the one-day timeframe, XRP price has maintained strength above $2.80 support. The price is now positioned around $2.97 with signs of renewed strength. The previous breakout delivered an uptrend of 62% surge, confirming the impact of repeating patterns. The current projection points to a possible 95% advance, placing the short-term target close to $5.50 if resistance levels are cleared. The indicators are strengthening this view, with the Money Flow Index sitting near 25, suggesting oversold conditions. XRP/USDT 1-Day Chart (Source: TradingView) On the other hand, the M2 Global Liquidity Index is also trending higher. This indicator has historically correlated with the strongest rallies…
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