XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

Ripple’s XRP is on a rampage, breaking through a key resistance level of late. The move has analysts eyeing the crypto asset for a potentially big gain, with many, like Bret Hill, suggesting as such. Related Reading: Tron Rises 24% Amid New Developments – Will The Uptrend Continue? Meanwhile, Pastor Brandon Biggs is doing rounds on social media with his “prophetic” prediction of an “overnight” surge in the price of XRP. Against this backdrop, XRP is currently trading at the level of $0.603, which is a 4% in profit over the past 24 hours. Over a seven-day period, the digital asset managed to soar in price by almost 5%, but its monthly gain was more modest at 1.29%. Several factors are driving this momentum from technical analysis to more speculative influences. Let’s jump into what’s going on with XRP and what could be next. Analyst’s Bullish Comments One of the big voices right now in the XRP room is crypto analyst Bret Hill. He just pointed out the importance of this break above consolidation, as seen by XRP’s recent movements.

Aug 22, 2024 - 15:00

XRP Smashes Through Resistance, Could Soar 15%, Analyst Says

Ripple’s XRP is on a rampage, breaking through a key resistance level of late. The move has analysts eyeing the crypto asset for a potentially big gain, with many, like Bret Hill, suggesting as such.

Meanwhile, Pastor Brandon Biggs is doing rounds on social media with his “prophetic” prediction of an “overnight” surge in the price of XRP.

Against this backdrop, XRP is currently trading at the level of $0.603, which is a 4% in profit over the past 24 hours. Over a seven-day period, the digital asset managed to soar in price by almost 5%, but its monthly gain was more modest at 1.29%.

Several factors are driving this momentum from technical analysis to more speculative influences. Let’s jump into what’s going on with XRP and what could be next.

Analyst’s Bullish Comments

One of the big voices right now in the XRP room is crypto analyst Bret Hill. He just pointed out the importance of this break above consolidation, as seen by XRP’s recent movements.