XRP Price Prediction: Is a Violent Move Imminent?Currently, the price of XRP has been stuck in the vicinity of $2, and many investors are eagerly anticipating a possible breakout. According to the past trends, there is a possibility that XRP is on the verge of a major movement, and many analysts have predicted another surge similar to the one witnessed in 2017.
Critical Levels to Focus on - $2.20: A move past this level can turn the tables and negate the prevailing bearish setup.
-200-day EMA: The initial point of rallying could be $2.44, providing an quick pop of about 20%, but a stronger rally towards $3 could be expected later on.
Historical Patterns-2017 Accumulation Phase:XRP's price accelerated by a whopping 1,440% once it breached the similar accumulation phase. – Similarity to Present Market: Analysts also think that a similar rally may emerge from the market pattern at present. What's Next?- Breakout or Breakdown: The XRP value might witness a radical movement, whether positive or negative, based on the market conditions and market sentiment. - Adoption: The growing use of cryptocurrency could help push the price of XRP higher.
