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XRP sees a 14% increase, signaling optimism for reaching the $1 mark amid a broader market upswing. currently valued at $0.69, its recent performance stirs market speculation.
XRP has finally woken up as its price rises 14% today.
Currently trading at $0.69, this has prompted massive excitement that $1 could be next.
XRP price climbs as analysts spot a big breakout
Peaking at $0.75 earlier, XRP is enjoying tremendous bullish momentum. It is up 14% today and 32% this month.
Currently, it holds a $37 billion market cap and a $7 billion 24-hour trading volume, up 304% today.
The move comes as analysts note that XRP is breaking a higher-time-frame symmetrical triangle to the upside.
This chart pattern is synonymous with a decisive price increase, adding to XRP’s current excitement.
“XRP is finally breaking out of the triangle after a long consolidation,” Said analyst Captain Faibik on X.
The analyst displayed XRP’s weekly time frame price chart with a break above a trend line resistance starting in 2021.
Based on the analysis, XRP could be headed beyond $2.3 in the coming months, a 233% increase from its current price.
Meanwhile, analyst Kaz the Shadow believes XRP is headed for $1. However, in a follow-up tweet, he anticipates a trend continuation toward $1.9 could occur.
“XRP’s time has finally come. I am in. The main target is $1. If the FOMO starts kicking in, we could see that real quick in the next few days,” he wrote.
A popular analysis is also circulating on TradingView, forecasting a move towards $3.
Yaroslav_Krasko believes that XRP is nearing the end of its accumulation period, and an explosive move to the upside will follow.
Yaroslan reasoned, “On the daily timeframe, XRP shows a decrease in volatility. This pattern often precedes a sharp price rise, so it can be expected that XRP is about to make a new pump.”
He continued, “XRP has been holding in an ascending channel for seven months without breaking the support line. The price constantly tests the channel’s upper boundary, which indicates the bulls’ pressure.”
Evidently, market sentiment favors XRP breaching $1 in the coming weeks, with most analysts anticipating significantly more upside.
Yet XRP is not the only cryptocurrency enjoying such momentum. Another is Bitcoin Minetrix, a trending presale that has raised over $12 million.
Stake-to-mine presale Bitcoin Minetrix raises $12M
This bullish outlook is not unique to XRP; Bitcoin Minetrix, another cryptocurrency project, has successfully raised $12 million through a presale, introducing a “Stake-to-Mine” model.
This model allows users to mine Bitcoin by staking $BTCMTX tokens, offering a simplified and transparent approach to cryptocurrency mining. With over 729 million $BTCMTX already staked, the project demonstrates significant market confidence and a promising alternative to traditional Bitcoin mining methods.
The Bitcoin Minetrix presale price will increase throughout the campaign. Currently priced at $0.014, the next uptick will occur in four days.
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