Top Ripple Analyst Says the XRP Price Is Heading for a 10,400% Explosion, Will Altcoins Benefit?
The post Top Ripple Analyst Says the XRP Price Is Heading for a 10,400% Explosion, Will Altcoins Benefit? appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . A Ripple crypto expert has made a bold prediction about XRP’s potential value. He asserts that the coin will experience an explosive surge, reaching 10,400% before the end of the ongoing bull market. However, this forecast has raised questions about how altcoins like RCO Finance (RCOF) might benefit from the expected rally. This article delves into the factors behind the projected surge and how it will impact RCOF. XRP To Soar 10,400%: Analyst On August 12, Brett Hill, a well-known crypto analyst at Ripple, a cross-border payment company, voiced a bold prediction about the prospective price of XRP. Hill speculated that XRP is on the brink of an explosive breakout, which could launch the asset to a new all-time high. He shared this prediction in a tweet on X (formerly Twitter), reasserting his long-term bullish stance on the asset. Brett Hill attached a chart reflecting XRP’s price movements from 2023 to 2025, in which he called attention to the Moving Average Convergence Divergence (MACD) indicator. The MACD line on the chart crossed over the signal line from below, suggesting that XRP is bullish. He further marked a support level for the asset at $0.5403, noting that breaking below this region could negate the asset’s bullish outlook. This prediction comes as the XRP community felicitates Ripple’s recent victory in its legal tussle with the United States Securities and Exchange Commission (US SEC). On August 8, Judge Analise Torres, the presiding arbitrate in the case, ordered Ripple to pay $125 million for damages instead of the $2 billion initially demanded by the regulator. Brad…
Filed under: News - @ August 18, 2024 6:14 pm