XRP Price To Reach $1.68? Here’s What Will Drive It

Crypto analyst Jonathan Carter has predicted that the XRP worth might rise to $1.68. The analyst, nonetheless, famous what must occur earlier than the crypto token can attain such heights. 

How XRP Worth Will Rise To $1.68

Carter famous in an X (previously Twitter) put up that the XRP worth was “bouncing from the decrease trendline of a symmetrical triangle on the weekly chart.” He claimed {that a} profitable breakout above the triangle would sign a bullish outlook for the crypto token, with $0.93 and $1.68 mi-term targets if this occurs. 

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Supply: X

Just like the broader crypto market, XRP can be experiencing a downtrend, and Carter’s prediction undoubtedly provides hope that the crypto token will quickly see a pattern reversal. Crypto analyst XRP Captain additionally appears to carry this perception, as he not too long ago shared an X put up by which he acknowledged that an XRP breakout was on the horizon.

Like Jonathan Carter, XRP Captain highlighted a symmetrical triangle on XRP’s chart. Nonetheless, XRP Captain appeared to have a a lot larger worth goal for XRP, with the analyst hinting that XRP might rise above $2.6. In the meantime, crypto analyst Jaydee agreed with this prediction and replied to XRP Captain’s put up, stating, “It’s coming! Glad we loaded up closely at 0.44 and 0.50! Zero feelings!”

Jaydee had earlier made a prediction of his personal, stating that XRP will make “life-changing good points for the 5% (sensible cash) as soon as we bounce off the 7-year trendline.” Within the accompanying chart he shared, the analyst highlighted a hidden bullish divergence that had fashioned for the crypto token.

XRP’s Highway To Double Digits

Crypto analyst Egrag Crypto not too long ago predicted that the XRP worth might rise to double digits quickly. He claims that there’s “a mini pump to $1.5 and main pump to $5.89 within the playing cards.” Based on him, this macro pump may very well be so parabolic that it’ll trigger XRP’s worth to soar above double digits. 

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Analyzing the charts, Egrag famous two methods XRP’s parabolic rise might occur. He claims that if XRP’s worth motion follows the white triangle, the crypto token will escape to the upside, probably rising to $1.5 throughout this rally. He added that this may start a “important macro breakout” that coincides round Fib 0.786.

In the meantime, XRP transferring alongside the blue triangle might propel the crypto token to $5.89, coinciding round Fib 1.618, Egrag remarked.

Based on information from CoinMarketCap, XRP is buying and selling at round $0.51 on the time of writing, down over 2% within the final 24 hours. 

XRP worth trending at $0.52 | Supply: XRPUSDT On Tradingview.com

Featured picture from LinkedIn, chart from Tradingview.com