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Breaking News: Crypto Bulls Rejoice: Congresswoman Confirms Powell’s Imminent Firing

Pundit Reveals The Two Things That Will Drive XRP Price To All-Time Highs

Scott Matherson
Scott Matherson
1 week ago
3 mins read
XRP

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The XRP price could be preparing for a historic breakout, as a prominent crypto pundit has pinpointed two key catalysts that could send the altcoin soaring to new all-time highs. As analyst sentiment flips bullish, and XRP attempts to move out from its prolonged consolidation phase, the stage may be set for the cryptocurrency’s long-awaited price explosion.

Factors Set To Send XRP Price To A New ATH

JD, a well-known crypto analyst on X (formerly Twitter), has identified two critical technical conditions that could propel the XRP price to a fresh ATH target. According to the expert, XRP’s path to a historic price surge depends on breaking out of a long-standing Falling Wedge pattern and invalidating the EDO Farina indicator. 

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The Falling Wedge pattern has held XRP in a tight consolidation phase for an extended period, particularly evident on the weekly chart. JD considers this formation historically bullish when broken to the upside, and XRP is apparently nearing a pivotal point where a breakout could be imminent. Notably, a successful breach of this Falling Wedge pattern would signal renewed bullish momentum and potentially spark a rally toward uncharted price territory.

The second factor emphasized by the crypto analyst is the need to render the EDO Farina bearish indicator null and void. JD views this technical signal as a false indicator of sustained downward movement. The market expert maintains a strong and long-standing bullish position on XRP, predicting on multiple occasions that the cryptocurrency could soon skyrocket. 

XRP
Source: JD on X

In one of his latest price analyses, JD outlined his bullish forecast for XRP, citing his previously accurate call of a 12x rally to $3.37. Confident in his method, the analyst now aims to apply the same strategy to pinpoint the altcoin’s next market top. 

JD also noted that no major news, hype, or sudden excitement is necessary to drive XRP to a new all-time high. In his view, such events often trap inexperienced traders, causing them to buy high and get “Rekt.” Building on this optimistic outlook, the analyst projects that the altcoin will eventually climb to new levels before crashing by up to 90%. 

Analyst Forecasts Over 250% Surge For XRP

In a bold new analysis, Javon Marks, another prominent crypto analyst, shared a bullish outlook for XRP, predicting a potential price surge of over 251% from its current level. According to the market expert, historical price behavior and long-term chart patterns indicate that XRP may be on the cusp of entering its next significant upward leg, with targets set at $9.631. 

Related Reading

XRP

Pundit Reveals The Two Things That Will Drive XRP Price To All-Time Highs

1 week ago

Notably, XRP’s bullish target is not confined to this level. Marks believes that it could climb even higher, with his price chart featuring an arrow that points to a potential surge beyond $33 in the next few years.

XRP
XRP trading at $2.63 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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