Here’s Why XRP Price Can Surge 3000% To Gain $18 Soon

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Along with bearing the years-long battle of Ripple vs.SEC, the XRP network is also pressured by community expectations. Despite the declining value in the market, the XRP community has been eyeing the profits for a long time, discovering opportunities where the XRP price can recover. Recently, an analyst claimed that XRP might surge to $18 after gaining a 3000% surge. This prediction has moved the entire crypto market, not only the XRP holder’s attention.

In this blog, let us discuss the reasons leading to this 3000% surge.

Is It The Last Drop Before XRP Price Surge?

XRP price had a good run this week because of witnessing a 4.29% surge, bringing the value to $0.5247. However, this surge has only brought XRP out of previous losses to an average zone, not out of the average zone where it has been stuck for years now.

XRP Price Analysis

The Ripple token had a good run in March, but the market crunch has all come to the starting point again. However, a crypto analyst has called it the last drop before the XRP price surge.

Coinskid, a pseudo-anonymous trader, predicted that the XRP price could drop to $0.40 under the five-wave price action before turning bullish.

Factors Backing XRP Price To 3000% Surge

With multiple analyses in the market, Dark Defender has presented a price prediction of a 3000% surge after analyzing large XRP/USD charts with the monthly timeframe settings. The analysts have noticed a prominent bull flag pattern, which will create a sharp increase in price before entering consolidations. As per Dark Defender, this bull flag pattern is visible in multiple time frames for months, three-month, and even six-month intervals.

Dark Defender backed up his prediction by analyzing the flagpole and Fibonacci extension level, per which the XRP price will initially target $1.88 before rising to $5 and eventually extending to $18.23.

Many similar predictions have favored the upcoming surge in XRP price, where Block Bull has claimed the price to hit $250 by 2025. Block predicted this surge by analyzing the historical market and the post-Bitcoin halving rally data.

Final Thought

Whether these predictions come true or not depends on various factors. However, the XRP price is rising despite the equilibrium between buying and selling pressure. If Ripple can get out of the legal dispute, the coin can recover the year of losses almost instantly because of its demand in the market.

Continue Reading Is Dogecoin(DOGE) Price At Risk? What do Analysts Have to Say?

The post Here’s Why XRP Price Can Surge 3000% To Gain $18 Soon appeared first on CoinGape.

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