bullish

Spike

<p>Ripple’s XRP is not slowing down, with the price increasing by around 80% last week. The bullish move has continued to gain this week, and it doesn’t look like it is stopping soon.</p>
<p>For the first time since November 2021 (three years ago), the price of XRP hit the $1.20 level, and these positive events have been thrilling the community.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="478" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-1024x478.png" alt="" class="wp-image-584022" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-1024x478.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-768x358.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-1536x716.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-2048x955.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-322x150.png 322w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-750x350.png 750w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592-788x367.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-592.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Armando Pantoja, a crypto expert who is also on the Benzinga Crypto Advisory Board, commented on the current price path of <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, showing excitement about what is coming.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/how-much-will-70000-hbar-tokens-be-worth-in-2025-hedera-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">How Much Will 70,000 HBAR Tokens Be Worth in 2025? Hedera Price Prediction</a></em></strong></p>
<h2 class="wp-block-heading" id="a-confluence-of-bullish-factors-for-xrp-price-ascension">A Confluence of Bullish Factors for XRP Price Ascension</h2>
<p>The crypto analyst mentioned that there are various factors that could help XRP grow, potentially reaching as high as $8 as it spikes.</p>
<p>The first factor is that <a href="https://dailyhodl.com/2024/11/17/sec-chair-gary-gensler-unlikely-to-finish-term-as-president-elect-trump-looking-for-replacement-report/" target="_blank" rel="noopener noreferrer nofollow">Gary Gensler is leaving the office of SEC chairman</a>. There have been rumors about his resignation or plans to do so. Additionally, Donald Trump made a campaign promise to remove Gary from office on his first day in office.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Gary Gensler is on his way out, and <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> is 100% about to break out. <br><br>Last time we saw this pattern: symmetrical triangle, bullish MACD, volume spike—it went from pennies to $3. <br><br>Target $8-$30. Ignore <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> under $1, but don’t say we didn’t warn you. <a href="https://twitter.com/hashtag/XRPArmy?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRPArmy</a> <br><br>Repost this! <a href="https://t.co/CsL8wuBg0n" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/CsL8wuBg0n</a></p>— Armando Pantoja (@_TallGuyTycoon) <a href="https://twitter.com/_TallGuyTycoon/status/1857430334612095341?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 15, 2024</a>
</blockquote>
<p>The news about Gary Gensler leaving office has made a lot of people in the crypto industry excited, as they believe that the SEC chairman has not been beneficial to the crypto community. This could also bring a resolution to the long-standing fight between the <a href="https://captainaltcoin.com/how-gary-gensler-could-have-been-manipulating-xrp-for-self-gain-ripple-analyst-sees-a-life-changing-opportunity/" target="_blank" rel="noopener noreferrer nofollow">SEC and Ripple in which Gary has been key.</a></p>
<h2 class="wp-block-heading" id="technical-analysis-alignment-for-xrp-price-rise">Technical Analysis Alignment for XRP Price Rise</h2>
<p>The analyst also discussed a confluence of factors that could help <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> rise. The first is that there has been a breakout from a symmetrical triangle. This occurred last week, making the price skyrocket as bullish excitement kicked in.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="477" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-1024x477.png" alt="" class="wp-image-583996" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-1024x477.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-767x357.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-1536x715.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-2048x954.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-322x150.png 322w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-752x350.png 752w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589-788x366.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-589.png 1787w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The MACD indicator is also strongly bullish for the token, and there are significant volume spikes. This is evident from the symmetrical triangle histogram height.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="477" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-1024x477.png" alt="" class="wp-image-584004" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-1024x477.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-300x140.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-766x357.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-1536x716.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-2048x954.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-322x150.png 322w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-751x350.png 751w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590-788x367.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-590.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The expert noted that the last time this happened, the price of XRP went from pennies to $3. These factors have made the analyst confident that trading under $1 for XRP is not likely. He sees a spike to around $8 to $30 coming soon.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/positive-metrics-align-for-ripple-xrp-bullish-continuation-expert-predicts-spike-to-8/" rel="noopener noreferrer nofollow">Positive Metrics Align for Ripple (XRP) Bullish Continuation: Expert Predicts Spike to $8</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Positive Metrics Align for Ripple (XRP) Bullish Continuation: Expert Predicts Spike to $8

Table of Contents

CaptainAltcoin

Other articles published on Nov 18, 2024

Base Celebrates Milestone While Addressing Accusations of NFT Misuse

Adam Back Predicts A Seven-Figure Bitcoin Price If The U.S. Strategic Reserve Materializes, Boost...

Bitcoin price dips 3% as liquidity hunt follows $4.6B MicroStrategy buy

Trump’s Ally RFK Jr. Bets Everything On Bitcoin, Find Out Why

U.S. DOJ Investigating Polymarket for Alleged U.S. Citizen User Activity

Surge In BTC Sell-Side Risk Ratio Signals Potential Pullback

Join our free newsletter for daily crypto updates!