⚠️ Analysts Predict Again! Will $XRP Really Reach $15? 😏
According to one article on AZCNews, optimism is surging in the XRP market with some top analysts projecting a massive surge to $15, fueled by classic #Technical patterns and an unprecedented liquidity crunch. This follows a strong market rebound, reinforcing hopes that the pattern of previous bull cycles is repeating.
It shows that CryptoInsightUK highlights a key technical setup: the formation of higher lows on the weekly chart, a fundamental signal of a sustained bullish trend with weakening selling pressure. Furthermore, $XRP is holding above its major 2018 resistance level, indicating long-term structural strength. Historically, oversold events on the Relative Strength Index (RSI) have triggered massive rallies, a pattern analysts believe is ready to repeat.
The potential for a monumental price shock is heightened by exchange dynamics. Software engineer Vincent Van Code warns that exchange liquidity, particularly on platforms like Binance, is alarmingly low—with only about 4 million XRP in order books. This thin supply means a relatively small institutional purchase of roughly 10 million XRP could cause an explosive price surge.
Coupled with rumors of renewed institutional interest, including a reported $1 billion XRP buy by Evernorth, and resistance from long-term holders to sell, the supply shock could be the catalyst for the predicted explosive move. While the $15 target is bold, the combination of tight supply and bullish charts suggests that XRP stands on surprisingly solid ground for a significant breakout.
🤔 But those analysts are predicting similarly since last $BTC halving 😁 and other coins are already doubled or tripled. We #HODL but do not expect much. What about your opinions? Tell me in the comment.
