XRP, the Ripple-backed digital asset, is expected to rally to a three-figure target in the next bull market, according to respected cryptocurrency enthusiast and XRP trader, Egrag Crypto. The analyst highlighted that XRP price is preparing to pump a whopping 28,250 percent based on the analysis of an Average Sentiment Oscillator (ASO) indicator, also known as the Alligator Jaw.Egrag Crypto concluded that the XRP price is preparing for a major breakout, despite the recent price correction fueled by the Bitcoin dump. The analyst also highlighted an incoming bullish cross between the 21 Weekly EMA and the 100 Weekly MA, which could trigger a macro XRP price pump.Following the recent SEC vs Ripple ruling, XRP has enjoyed a lot of macro bullish outlook. On-chain data shows deep-pocketed investors have delved deeper into the XRP market in preparation for future growth prospects. XRP price, however, has continued to shrink in the short term, trading around 52 cents on Tuesday.The XRP price action is largely bolstered by the notable partnerships made by Ripple in the past few years. The short-term XRP price action continues to be affected by the rest of the altcoins and Bitcoin, which are more bearish amid rumors of Binance’s possible insolvency.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Egrag Crypto, Santiment, Binance, FAC, FINRA |
| Currencies |
XRP, Bitcoin, Ethereum, BNB, None |
| Securities |
None |
