Cryptocurrency analyst CryptoInsightUK He shared his optimistic thoughts about: XRP price. He noted that something may be happening with the token and its ecosystem. Interestingly, he agrees that XRP could rise to $9.6.
XRP Price Could Repeat 2017 Impulse
in post Shared on his X (formerly Twitter) platform, CryptoInsightUK shared a monthly XRP/BTC chart. He noted: XRP’s biggest impact on BTC It was about 5,200% that occurred in 2017. Analysis of the shared chart suggested that a similar setting to that time was being formed.
This time, XRP could see higher gains against BTC as CryptoInsightUK has revealed that XRP is holding higher levels. He also noted that after a long period of integration, the technology structure is more optimistic. Apart from these indicators, he also highlighted the Relative Strength Index (RSI) which is showing an upward trend.
With all this in mind, the cryptocurrency analyst believes “something is coming” for the XRP token. CryptoInsightUK seemed very cautious in not providing any predictions about how much the XRP token could rise or what price action to expect when this happens.
However, another prominent cryptocurrency analyst said: Egg Cryptocurrency, provided insight into the price action CryptoInsightUk has in mind. In response to the main post, Egrag answered And he said that XRP could reach between: $9.6 and $10 this time. CryptoInsightUK responded and decided Egrag’s prediction is that it’s “perfect for that range.”
Token price resumes uptrend toward $0.61 | Source: XRPUSD on Tradingview.com
Does XRP’s success depend on Bitcoin?
CryptoInsightUK shared A few additional thoughts when another X user quizzed the community on whether we might see XRP price action this year. he suggested anything XRP Rally was According to the movement of Bitcoin Because every time Bitcoin does that, XRP goes higher. Therefore, he is rooting for Bitcoin now so that there can be price action for XRP.
He is not sure when to expect such a rally in XRP. Because he said it was difficult to find a starting point. That’s why analysts are comfortable holding on to their XRP bags and waiting. Despite the uncertainty, cryptocurrency analysts are very Bullish on XRP Token.
Rob Art, another prominent figure in the XRP community, also shared similar sentiments with CryptoInisghtUK. that suggested Without Bitcoin in the same cycle, XRP cannot achieve a new all-time high (ATH). Therefore, he believes that XRP can fly only when Bitcoin does so.
As of this writing, XRP is said to be trading around $0.60, down nearly 1% in the last 24 hours. data From CoinMarketCap.
Featured image from Coinpedia, chart from Tradingview.com