- Bitcoin (BTC) waves under $64,000 once again and altcoins continue their bullish rally.
- Ripple’s XRP is one of the most bullish altcoins in this crypto bull cycle.
- One analyst expects XRP price to hit $200 top price with 30,000% pump.
Bitcoin traces back shortly below the $64,000 price mark yet retains a bullish long-term outlook. The sentiment is positive and high for a bullish upward movement as Q4 prepares to begin. Similar sentiments are high for altcoins as expectations for altseason continue to rise. Many altcoins are mirroring Bitcoin’s bullish signals on their own charts.
XRP’s Bullish Signs This Super Cycle
To highlight, one of the most bullish altcoins this bull cycle is Ripple’s XRP. Having missed the last crypto bull cycle, XRP is prepares to celebrate a bullish comeback this bull cycle thanks to the successful conclusion of its battle against the SEC. With XRP showing strong bullish signals for the near future, analysts share their take on the matter.
30,000% Pump to $200 for XRP
In detail, one analyst notes that XRP has just broken out of its 6.69 year pennant pattern and has a hold of the current break. So far, a full logarithmic follow-through is likely to occur when the price of XRP could shoot a top of $200 with a pump of over 30,000% from its current value. According to CoinMarketCap data, the price of XRP is $0.6298.
Similarly, another analyst talks about XRP nearing what could be its final boss, a resistance level of $0.6649 when the price bounced back from $0.6655. After this, the price of XRP will likely move quickly towards new highs.
Adding on to the bullish sentiment, is another analyst who breaks down three cycles for XRP. The first cycle saw a price peak after 580 of a bottom formation. Meanwhile, cycle two peaked in 150 days after a bottom formation. Presently, in cycle three, XRP is preparing to set new records showing no signs of fully following either of the previous two cycles.
The post $200 XRP Cycle Top Expectation Gains Traction as Analysts Discuss Possibility of 30,000% XRP Price Pump appeared first on Crypto News Land.
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