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Very Bullish Ripple (XRP) Price Prediction for Late 2024: Is it Too Much?
XRP Performance: Despite recent dips, analysts like EGRAG CRYPTO remain optimistic, citing bullish trends in XRP’s price movement.
Price Predictions: EGRAG CRYPTO forecasts a rise to $10, potentially $50 by November 2024, with an average target around $30. Dark Defender predicts an $11 price in 2025, dependent on certain technical indicators.
Analyst Consensus: Both analysts anticipate significant future growth for XRP, suggesting a strong long-term potential.Stay Steady’ for a Possible XRP Price Explosion
Ripple’s native token – XRP – has recently consolidated around the $0.60 mark and is even down approximately 7% on a two-week basis. However, the ongoing pullback has not stopped cryptocurrency analysts from laying out optimistic price predictions.
EGRAG CRYPTO noted XRP’s impressive performance, reminding that the asset closed two consecutive monthly green candles. The analyst believes a third one is approaching with the end of November, describing this as a highly bullish development.
They claimed that XRP could surge to $10 after a possible “5-month consolidation phase” and explode to the astonishing $50 by November 2024 should the uptrend continue. XRP to Go ‘Parabolic?’
Another person who suggested that Ripple’s coin is on the verge of a substantial rise is the X (Twitter) user Dark Defender. The analyst recently claimed that it might experience a “parabolic move” should three vital factors be in place. Those include a bullish cross on a resistance level described as SRSI, both SRSI lines closing above 80, and a breakout above an 8-year trendline. Dark Defender set a future price tag of $11 for XRP, expecting the surge to occur in 2025.#ContentStar##HotTopicDiscussion##HotColumn##ContentMining##Gate post Highlights# Billions of Shiba Inu (SHIB) Surface on Key Korean Exchange: Sell-Off Incoming?
In a surprising turn of events, South Korea's leading cryptocurrency exchange, Upbit, witnessed an influx of Shiba Inu (SHIB) tokens today, totaling a staggering 84 billion SHIB, valued at over $700,000. The transactions, typically associated with sell-offs, took an unexpected twist, raising intriguing questions about Upbit's motives.Contrary to the norm, the massive SHIB transfers occurred within the exchange's own deposits, minimizing external influences.#ContentStar##HotColumn##ContentMining##HotTopicDiscussion##Gate post Highlights# Top 5 altcoins about to explode in the market
Despite a slight slowdown, the cryptocurrency market has been on a roll in the past weeks and months that has seen Bitcoin (BTC) surpass $37,000 and rush further. At the same time, altcoins, i.e., cryptocurrencies other than the maiden digital asset, are also demonstrating strength.
Indeed, the pseudonymous crypto expert Moustache recently identified a possible breakout for altcoins from the Gaussian channel, mimicking the chart pattern from three years ago that started the first big altseason in history, and these five assets could be the ones to stand out in a similar event.
#1 Solana (SOL)
As it happens, the crypto trading analyst Altcoin Sherpa has shared the view that Solana (SOL) might go “to 3 digits in 2024,” despite expecting “some chop between $50-$75 for some amount of time,” as usually, the “price likes to fill out the inefficiency,” the expert said on November 30.For the time being, Solana is currently trading at the price of $59.61, down 1.14% on the day but still holding onto the gain of 3.71% across the previous week and the increase of 64.78% in the last 30 days, as per the most recent chart information.#2 Ethereum (ETH)Furthermore, Ethereum (ETH) could surpass the massively psychologically important price threshold of $3,000 “within the next few months, and there’s nothing you can do about it,” given the current landscape, according to the analysis by Altcoin Sherpa shared in an X post on November 29.As things stand, Ethereum is now changing hands at $2,025.33, recording a decline of 0.62% in the last 24 hours and losing 1.34% to its price over the past seven days while retaining an advance of 12.97% accumulated on its monthly chart, according to the latest data.#3 Dogecoin (DOGE)
Meanwhile, the famous meme crypto Dogecoin (DOGE) is looking at nearly doubling its price to $0.14 in the near future, provided it manages to overcome a major resistance at $0.087, as observed by analyst Ali Martinez, whereas Altcoin Sherpa sees DOGE at $1 “only a matter of time.”Presently, the price of Dogecoin stands at $0.0825, getting rather close to Martinez’s resistance point, having increased by 2.11% over the last day, adding up to the 9.24% gain across the previous week and advancing 20.28% in the last month, as the charts show.#4 Chainlink (LINK)
Furthermore, Altcoin Sherpa has recently suggested taking a start position for Chainlink (LINK) “within the small range of $15-$13,” as there is “a very high % chance this is several times higher 1 year from now,” particularly as whales show increased interest, having bought over $100,000 worth of LINK each.At the moment, Chainlink’s native crypto asset is recording a price of $14.437, which represents a decline of 1.30% in the last 24 hours while advancing 0.82% across the previous seven days and recording a more significant growth of 28.51% in the last month.5 Cardano (ADA)
Meanwhile, there is still time to invest in Cardano (ADA) as it has been on a consistent upward move for weeks, and Martinez observed that its consolidation trend mirrored that of the 2018-2022 phase, meaning it could break through the $0.45 resistance soon and proceed toward $0.75 by the end of December.At press time, Cardano was changing hands at the price of $0.3737, suggesting a loss of 2.07% on the day and a 1.85% decline across the previous week as it still holds onto the 26.65% increase accumulated over the past month, according to the data retrieved by Finbold on November30
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