- CrediBULL Crypto believes XRP is about to embark on a significant rally.
- The analyst spotted an accumulation on the XRP/BTC lower timeframe within a higher time-frame demand zone.
- According to CrediBULL Crypto, XRP is about to rally 15-20% against Bitcoin.
The cryptocurrency analyst identified as CrediBULL Crypto on X believes XRP is about to embark on a significant rally. CrediBULL acknowledged topping up his XRP holding for a fourth time in anticipation of an XRP turnaround to the upside.
According to the analyst, an accumulation is developing on the XRP/BTC lower timeframe within a higher time-frame demand zone. He further noted the buildup of a potential bullish divergence supporting the reversal that could soon become established.
At the bare minimum, CrediBULL set a 15-20% XRP move to the upside against BTC, with the next major resistance 35% higher. He believes a break above that level would trigger an XRP surge with over 100% return against the BTC.
CrediBULL’s recent prediction is consistent with his position a week ago when he spotted an RSI divergence on the XRP/BTC 3-Day chart. The signal prompted him to increase his trading position on the pair for the third time. He believes the top altcoin dropped into a crucial region where a turnaround has become inevitable.
Besides pairing XRP against BTC, the altcoin’s value against the USD has experienced notable volatility in the recent past. XRP rallied about 50% between February 1 and March 11, 2024. However, extended intraday swings characterized the upside movement, with XRP ranging between 20-25% profit/loss on some days.
XRP’s volatile intraday price behavior suited traders focusing on lower timeframes. However, it increased the uncertainty level among higher-timeframe traders awaiting the final judgment in Ripple’s case against the SEC. Notwithstanding, CrediBULL believes technical conditions would influence XRP’s price movement and lead to a significant rally. XRP traded for $0.5864 at the time of writing, according to data from TradingView.
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