TheCryptoBoard
Image default
News

XRP Bulls Eye Crazy Momentum To $1.8 As Pundit Highlights Possibility Of XRP at $10,000 Price

After climbing above the psychological price of $0.60, XRP has found the much-needed momentum to breach new year-end highs.

As a result, the fifth-largest cryptocurrency based on market valuation has formed both Elliott Waves and Cup-Handle patterns, which could propel the price to the $1.05 and $1.88 levels, according to market analyst Dark Defender.

Source: Dark Defender

The analyst added that a price surge to $1.88 is expected in the short term if these formations see the light of day. XRP was up by 4.3% in the past week to hit $0.62 at press time, according to CoinGecko.

Therefore, stakes are high, and it’s a matter of time before XRP breaches the psychological price of $1 based on the presence of super bullish driving factors, as previously reported by ZyCrypto.

Is the $0.70 Price Level Next?

XRP recently dropped to lows of $0.58 based on the formation of a descending channel.

Nevertheless, leading analyst EGRAG CRYPTO believes an inverse head and shoulder (H&S) structure is almost materialising, and this would be bullish because it could push XRP’s price to the $0.70 level.

Source: EGRAG CRYPTO

The analyst noted this was one of the ways that XRP would escape the descending channel for heightened bullish momentum.

Meanwhile, as Ripple continues to make a strong case in cross-border payments, Edward Farina recently stipulated that XRP could replace SWIFT, triggering a price surge to the $10,000 level.

The Alpha Lions Academy CEO took to X, formerly Twitter, to reveal this narrative in what he deemed ‘RIPPLENET SWIFT KILLER: The Road for XRP to $10K.’

Farina stated, “The current SWIFT system handles billions of transactions per hour. If RippleNet replaces it, it will go through XRP.”

SWIFT is a banking system presently used for worldwide cross-border payments.

Related posts

XRP To Relist On Exchanges? Pro-Ripple Lawyer Sheds Light On Outcome Of SEC Lawsuit

Ondrej Simon

JPMorgan’s UK Subsidiary Chase Bans Crypto Payments Following Surge In Fraud And Scams

Ondrej Simon

The Metropolitan Museum Of Art To Return $550k Donations It Received From Collapsed FTX

Ondrej Simon