{"id":138018,"date":"2024-09-27T09:30:15","date_gmt":"2024-09-27T06:30:15","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138018"},"modified":"2024-09-27T03:20:06","modified_gmt":"2024-09-27T00:20:06","slug":"is-xrp-on-the-brink-of-a-major-breakout","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/is-xrp-on-the-brink-of-a-major-breakout\/","title":{"rendered":"Is XRP on the Brink of a Major Breakout?"},"content":{"rendered":"<p>A notable prediction from crypto analyst Mikybull Crypto <strong><a href=\"https:\/\/x.com\/MikybullCrypto\/status\/1839017264953307615\" target=\"_blank\" rel=\"nofollow\">suggests<\/a> <\/strong>that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/xrp\/\">XRP<\/a> <\/strong>may be on the verge of a substantial breakout.<\/p>\n<p>In a recent post, Mikybull Crypto described XRP as resembling a \u201ctime bomb waiting to explode,\u201d pointing to its technical chart patterns as evidence. The 50-period simple moving average (SMA) has recently crossed above the 200-period SMA, a formation known as the \u2018golden cross\u2019 that typically indicates bullish momentum. Additionally, the relative strength index (RSI) has been hovering between 40 and 60, suggesting moderate market momentum.<\/p>\n<p>Currently, XRP\u2019s price is consolidating within a narrow range. A breakout above the $0.60 resistance level could lead to upward movement, while a drop below the $0.58 support could trigger a downward trend.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/curve-finance-may-cut-trueusd-as-crvusd-collateral\/\" title=\"Curve Finance May Cut TrueUSD as crvUSD Collateral\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2023\/01\/curve-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Curve Finance May Cut TrueUSD as crvUSD Collateral<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Another analyst, Altstreet Bets, has also forecasted that XRP could exceed $1 by the end of this year, basing this on the Elliott Wave Theory, which predicts that XRP is in its final phase of growth. This potential surge is expected to materialize around October or November 2024.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$XRP<\/a> will break 1$ this year. <a href=\"https:\/\/t.co\/mbdWkOWn5w\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/mbdWkOWn5w<\/a><\/p>\n<p>\u2014 \u1d00\u029f\u1d1b\ua731\u1d1b\u0280\u1d07\u1d07\u1d1b \u0299\u1d07\u1d1b\ua731 (@AltstreetBet) <a href=\"https:\/\/twitter.com\/AltstreetBet\/status\/1836597078509666539?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This positive price action comes on the heels of Ripple\u2019s assertion that the Federal Reserve\u2019s FedNow initiative, which aims to bridge traditional banking with decentralized finance (DeFi), could enhance XRP\u2019s adoption in the payment landscape.<\/p>\n<p>Overall, the indicators appear favorable for XRP, and the predictions from experts may very well hold true, especially as the altcoin season appears to be underway. However, as always in the crypto market, fluctuations are common, and thorough research is essential for investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple&#8217;s cryptocurrency has surprisingly withstood bearish trends and has even shown signs of recovery, despite a significant sell-off of 350 million XRP from its treasury reserves in September.<\/p>\n","protected":false},"author":3,"featured_media":105365,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-138018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is XRP on the Brink of a Major Breakout?<\/title>\n<meta name=\"description\" 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