šØš XRP is about to go PARABOLIC in this BULL Run ššØ
ā
The analyst said XRP looks very strong, citing chart patterns that will rise to 9 US dollars
In a tweet on Wednesday, Hughes emphasized the resilience of XRP in the ongoing bear market.
š„ In the bear market storm on Wednesday, the price of XRP plummeted to $2.20. Considering its January high of $2.504, this drop represents an 11.6% loss. š
Meanwhile, during the same time period, the value of the king of altcoins Ethereum fell by 14.2%, and Solana fell by 15.25%. Leading meme tokens like Dogecoin performed even worse, plummeting 18% from $0.398 to $0.3268. ā
š Essentially, XRP can rise far above the clouds, now seen as a strong sign of momentum. āļø
ā»ļø Currently,
$XRP is showing stronger resilience than Bitcoin. In particular, as of the time of writing, the trading price of Bitcoin has fallen by 2.6% to $93,500, while the trading price of XRP is $2.32, only a 0.54% decrease. šÆ
ā ļø Hughes interpreted this as a sign of increased market confidence. Therefore, he boldly stated that XRP may be ready to break through to $9 in the short term. It is worth noting that reaching $9 would represent a significant rise of 288% from the current level. š°
š± This price prediction is very consistent with the advice of senior market analyst Peter Brandt. In a recent update, Brandt believes that the market value of XRP may reach 500 billion US dollars, thanks to the formation of a "half-mast flag" pattern on its weekly chart. š
ā
This consolidation is carried out after a significant rise in XRP in December 2024, when the market value of XRP reached a peak of $165 billion. š°
šÆ Brandt believes that if the flag pattern is completed, the market value of XRP may double from its current level, pushing its price to $8.74 per token. However, he warns that the pattern needs to break through within six weeks to maintain its rising potential. š¤
Keep your eyes on the feed & Follow for further updates šÆ
$XRP #BuyTheDip #BullMarketStrategy