XRP has caught the eye of analysts who predict a bright future for the digital asset. Notable traders like Kaleo and Cantering Clark have shared their insightful analysis, especially regarding XRP’s performance against Bitcoin (BTC).
XRP Price Analysis
Kaleo points out that XRP has successfully retested its diagonal resistance level and turned it into support, indicating a potential bullish continuation. He believes XRP is ready for another move higher, perhaps following in the footsteps of Tron (TRX), which recently had a significant rally from $0.74 to $0.85.
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Making a comparison, Kaleo suggests that a similar compression in the price of XRP could propel it to $0.60 or even higher. Right now, XRP is trading at around $0.52. Additionally, when analyzing the XRP/BTC ratio, it identifies a promising setup, hinting at a potential upside after breaking above its diagonal resistance.
He adds, “The XRP/BTC pair also looks set for a squeeze.”
Time to accumulate XRP? !
Adding to the positive sentiment, another crypto strategist, Cantering Clark is expressing his bullish sentiment towards XRP. Clark believes the altcoin’s price structure indicates an impending rise, leading him to consider hoarding XRP.
Although he has yet to closely analyze many charts recently, Clark recognizes the unique qualities of XRP’s price action and the potential for significant gains.
As XRP enthusiasts eagerly await the expected rally, the crypto market is buzzing with anticipation. Will XRP defy expectations and outperform Bitcoin? Only time will tell.
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