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XRP Price To Hit $2, Analyst Predicts Amid Massive Whale Movements
Despite a dip in XRP price today, the native token of Ripple is in the spotlight as top analysts predict a potential price surge. Prominent market experts foresee a bullish reversal trend in XRP, potentially propelling XRP to the $2 mark.
Notably, this optimism is fueled by notable whale activities, suggesting an imminent price breakout. As XRP gears up for this potential rally, the crypto community is keenly watching the unfolding dynamics.
Analysts Foresee XRP Price To Hit $2
In a recent analysis, Captain Faibik, a well-known crypto market analyst, stated that XRP might have already hit its lowest point. In addition, he said that XRP is on the verge of witnessing a reversal trend, potentially driving its prices to new heights. Besides, Captain Faibik has set a midterm XRP price target of $2.
In a recent X post, he shared the prediction along with a price chart of XRP. Notably, this forecast comes amid increasing whale movements in the XRP market, with large holders transferring substantial amounts of the token, sparking speculation about a price rebound.
On the other hand, another influential analyst, EGRAG Crypto, has echoed a similarly optimistic outlook for XRP. In a series of posts, EGRAG highlighted technical indicators suggesting a significant uptrend.
Meanwhile, he pointed out that XRP’s dominance could challenge key resistance levels, potentially leading to a substantial price increase. Earlier, referring to historical data and Fibonacci retracement levels, EGRAG CRYPTO predicted the XRP price to hit $7.5.
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Whale Movements Further Fuels Speculations
The recent whale activities surrounding XRP have further fueled bullish sentiments. According to data from the on-chain transaction tracker Whale Alert, nearly 120 million XRP tokens were moved in four large transactions recently.
According to Whale Alert, a whale, identified by the wallet address “rfQ9E…k8Cvi” has accumulated 28.89 million XRP from Binance. However, in the second transaction, another whale dumped 24.04 million XRP, worth around $11.29 million, to Bitso Exchange.
Simultaneously, the same whale transferred 31.8 million XRP, worth $14.94 million, to Bitstamp again today. However, in the most recent transaction, a whale with wallet address “rhWj9…FLQkK” amassed 32.40 million XRP, valued at $15.12 million, from Binance.
Meanwhile, such cryptocurrency accumulations often indicate strategic positioning by major holders, potentially signaling an upcoming price surge. Several market watchers anticipate these whale transactions to set the stage for a significant rally, aligning with the bullish predictions from market experts.
However, as of writing, XRP price was down 1.17% to $0.4676 amid a broader market downturn. With a market cap of $26.04 billion, the crypto has touched a high of $0.4756 in the last 24 hours. On the other hand, XRP Futures Open Interest signals a neutral sentiment, while the Options Open Interest soars more than 15.02% to $290.99K.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
As the Ripple community eagerly awaits the XRP ETF launch, all eyes are on its potential impact on the token’s price. Experts believe that the US Securities and Exchange Commission’s (SEC) approval of a Ripple ETF and its potential launch spark a ‘perfect storm’ for the coin.
As XRP hovers around the crucial $2 mark, traders and analysts are closely monitoring its movements, particularly in anticipation of the ETF launch. Let’s analyze what expert ‘Good Morning Crypto’ thinks about the ETF’s influence on the coin’s price.
Will XRP ETF Launch Trigger a Ripple Coin Price Surge?
In a podcast, crypto analyst Good Morning Crypto identified an inevitable connection between XRP ETF launch and Ripple coin price surge. According to him, the SEC’s approval of the XRP ETF and the subsequent launch could lead to a price rally that is poised to take the token to new all-time highs.
While acknowledging the exchange-traded fund’s potential to drive a price surge, the analyst used an analogy of “giant vacuum cleaners” to show how ETFs absorb XRP liquidity. This means that the ETFs will remove the asset from circulation, locking it in a secure custodian each time investors buy in. Thus, the launch of an ETF could reduce the availability of the token for trading, which indeed will result in a massive bull run.
ETFs Spark XRP’s Front-Loading Frenzy: A Perfect Storm for Price Growth
Further, the analyst shed light on the favorable regulatory conditions in the US under President Donald Trump. He predicted that with clearer US regulations by August, businesses will start using XRP for payments, leading to increased demand.
As ETFs buy up XRP, creating scarcity, companies may front-load their token purchases. This development could significant trigger a price rally, as pointed out by Good Morning Crypto.
Recently, CoinGape reported that XRP price could hit $15, if the ETF inflows reach $4 billion. This prediction is based on market expert Zach Rector’s analysis, who also forecasted the token’s target of $30 with an ETF inflow of $8 million.
Is XRP Poised for a Rally?
As of press time, XRP is trading at $2.08, with a marginal increase of 0.51%. Despite a 0.96% increase over the past week, the token saw a massive decline of 15.9%.
With speculations of an imminent XRP ETF launch rising, the community expects a bull run in the near future. Analyst Brett recently shared a bullish forecast for XRP price. According to him, XRP’s explosion to an ambitious $10 is imminent.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
A renowned crypto market analyst predicted that Cardano price could hit $4 ahead despite the current broader market uncertainty. ‘ALLINCRYPTO’ has forecasted a highly bullish outlook for the crypto recently, primarily against the backdrop of historical data. However, traders and investors are left scratching their heads as the market also saw massive ADA whale dumps, with 180 million coins offloaded.
Cardano Price Eyes $4, Analyst Predicts Citing Historical Data
According to ALLINCRYPTO’s X post on April 18, Cardano price is eyeing $4 as the analyst believes history is set to repeat itself. A major bull run lies ahead as the price is completing its final cycle, per the analyst.
For context, the ALLINCRYPTO’s chart spotlights how ADA had a massive bull run as of 2020 and continued till mid-2021. Citing this past performance, the analyst revealed that a $4 price target lies ahead.
Crypto market traders and investors are left speculating if such a feat is even possible amid broader market trends. It’s also noteworthy that historical performances don’t always guarantee future performances, given the dynamic nature of digital assets.
However, another renowned analyst has joined the fray by projecting a bullish outlook for Cardano price. Analyst Ali Martinez revealed in an X post on April 18 that the crypto is consolidating within a triangle, setting the stage for a potential 30% price move. This bullish prediction has slightly tilted the scales towards the optimistic side.
ADA coin’s price currently rests at $0.6298, up nearly 2.5% over the past day. The coin’s intraday bottom and peak were recorded as $0.612 and $0.6341, respectively.
Massive Whale Dumps Usher Caution
Besides, recent whale metrics have conversely stirred up some caution among investors, underscoring rising selling pressure on the asset. According to another X post by Ali Martinez, whales took advantage of the recent ADA price upswing to offload 180 million coins in the past 5 days.
This massive selling has also hinted at declining market confidence surrounding the cryptocurrency. As a result, market watchers are slightly apprehensive regarding the bullish predictions shared by the analysts.
Besides, a Cardano price prediction by CoinGape also revealed that bears remain in control of the asset at the moment, as per the 3-month bias indicator. In turn, broader market sentiments surrounding the coin’s long-term prospects remain shrouded in an enigma.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The Chainlink price is poised for liftoff, with a bullish rebound on the horizon. As LINK has soared past its key support level, analysts and traders remain bullish about the altcoin’s potential rally new heights.
Analysts like Ali Martinez and CRYPTOWZRD have identified critical levels for LINK, invoking the community’s attention. Let’s unveil Chainlink’s potential movements through the analyses of popular analysts.
Is Chainlink Price Ready for a Rebound?
In a detailed analysis, analyst Ali Martinez spotted key support and resistance levels for Chainlink. According to Ali’s analysis, Chainlink’s support level is established at $12.28, while $14.58 acts as a significant resistance hurdle.
With the Chainlink price breaking past its support line, which now acts as a foundation, the stage is set for a potential bullish reversal, signaling an upward trend. And, if LINK breaks past the $14.58 point, which has been a significant resistance point, further upside momentum comes into view, with potential new highs on the horizon.
Chainlink’s Next Target: Is $26 Within Reach?
According to market expert CRYPTOWZRD, Chainlink daily technical outlook is uncertain, with an indecisive close. However, the analyst highlighted that LINK is currently testing the significant $12.50 level. Given LINK’s oversold condition, its price movement is likely to follow Bitcoin’s trend.
Interestingly, as pointed out by CRYPTOWZRD, LINKBTC’s daily falling wedge formation suggests potential for an impulsive upside breakout. LINK itself is forming a daily falling wedge above its lower high trend line, indicating a possible rally towards the $16 resistance target and beyond.
Significantly, the chart presented by the expert indicates that LINK could hit $26 if it passes the resistance point. However, as per CoinGape’s Chainlink Price Prediction, LINK will reach a maximum of $15.24 in 2025.
Meanwhile, LINK’s intraday chart showed a lack of clear direction, with price movements confined to a narrow range. A breakout above $13.20 could present a trade opportunity, while a decline below $11.80 would signal a test of the main support level.
LINK Market Sentiment Analysis
In an “In/Out of the Money Around Price” analysis, Ali Martinez shared insights into the market sentiment for LINK. The analyst detailed the number of traders holding Chainlink at different price points.
At press time, Chainlink is trading at $12.81, up1.46%. Despite a 0.86% surge over the past week, LINK experienced a massive decline of 30.99% over the last month.
Notably, more addresses are holding LINK at a loss than at a profit. According to the chart, 53.06% of the holdings are “out of the money,” which means that they represent 78.24 million LINK bought at a price above the current $12.68.
At the same time, 44.63% of analyzed holdings, representing 65.81 million LINK, are ‘in the money,’ having been bought by traders at a price below $12.68. This data highlights potential support and resistance levels, with significant holdings at $12.47 and $14.19.
Nynu V Jamal
Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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