Analysts Predict XRP Price Rally – Ripple’s Coin Expected to ‘Breakout’ This Week
Analysts Predict XRP Price Rally – Ripple’s Coin Expected to ‘Breakout’ This Week
XRP price remained relatively calm this weekend, hovering around $0.6. Volume has also decreased by 7% in the last 24 hours and is now below $1 billion. However, slow price action never seems to dampen the enthusiasm of XRP supporters.
Veteran Traders Forecast XRP Price Movement
Typically, it’s the most experienced people in the industry who predict XRP price movements, and some veteran traders have shared their insights. One such expert is “WIZZ,” an experienced trader with over 700k followers on Twitter. He predicted that XRP price will experience a breakout this week. While his chart doesn’t clearly indicate a specific price target for this week, we can consider anything above the $0.7 area as a breakout.
This prediction largely aligns with what “Crypto Caesar” analyst posted on Twitter today. He shared an XRP chart showing that $0.55 now acts as a strong support area. The chart also suggests that anything above $0.4 is bullish, considering this even stronger support zone, which has been tested twice this year already.
Although he initially expected a slight correction at the beginning of August, Crypto Caesar’s chart indicates that the XRP price may then revisit the $0.75 area. It’s worth noting that this is a bold XRP price prediction based solely on his chart analysis.
Currently, there are no significant updates on the Ripple vs SEC case. As long as we remain in this state of uncertainty, major price pumps exceeding 15% seem unlikely. However, it appears that WIZZ and Crypto Caesar, at least to some extent, may not fully agree with this assessment.
The XRP community is eagerly awaiting the predicted breakout this week, and many are hopeful that the price will indeed rally as forecasted by these veteran traders. Stay tuned for more updates on XRP price movements as the week progresses.
