- Crypto Bitlord predicts XRP parabolic surge; community watches closely.
- Cup-and-handle pattern suggests XRP may jump to $3.35.
- Legal clarity, institutional growth boost XRP’s long-term investor confidence.
XRP is attracting major attention after well-known crypto analyst Crypto Bitlord claimed the token is “way overdue” for a parabolic move. With the asset trading around $2.18, his bold prediction has added fresh momentum to growing speculation across the XRP community.
According to Crypto Bitlord, XRP’s price may soon experience a rapid surge resembling a “skateboard ramp,” suggesting a sharp vertical move. Notably, Bitlord has successfully predicted XRP’s rallies in the past, and other traders are overseeing this setup.
Technical analysts are noting the formation of a cup-and-handle formation on the short-term indicators of XRP. This pattern usually indicates a breakout, and in this instance, it indicates a potential move towards 3.35. That target is about 54 percent higher than market levels.
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Key indicators also indicate evidence of gaining momentum, with the Moving Average Convergence Divergence (MACD) presenting a bullish crossover signal. Meanwhile, the Relative Strength Index ( RSI ) is staying within a positive trend, which means increasing buyer power.
The area of resistance between $2.47 and $2.80 is considered to be important. A breakout of notable volume above that range may ignite the sort of price action that Bitlord is anticipating. Market analysts, including JD and Ali Martinez, have echoed this outlook, suggesting a move could be imminent.
Legal Clarity and Institutional Activity Fuel Long-Term Confidence
Ripple’s ongoing legal case with the U.S. Securities and Exchange Commission (SEC) has seen key developments. Judge Torres recently dismissed a proposed settlement motion. Meanwhile, Ripple dropped its counter-appeal, and the SEC is reportedly unlikely to continue its own, reducing legal risk around XRP.
Ripple has also increased the number of countries in which the On-Demand Liquidity (ODL) network is used to power fast cross-border transactions through the usage of XRP. The increase in the asset’s adoption by institutions is further adding to investors’ medium-term confidence.
The on-chain evidence points out positive and negative tendencies: the minor decrease in wallet activity and profits made by the biggest holders. However, good rallies have preceded such movement. The threatened volatility has the market looking ahead.
As the technicals, fundamentals, and sentiment pick up the pace, the price of XRP gains strength. With all this setup, it appears that a major and impending breakout can be in the cards, as speculated by Crypto Bitlord.
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