Ripple Bull Gives XRP Price Prediction – $27 In Three Months? Top Crypto Gainer Today

XRP has been one of the most bullish cryptocurrencies over the past 24 hours. The XRP price is now well above the $0.72 mark, thanks to a 13% bull rally over the past day, which is the second-largest gains posted by any top 100 cryptocurrency. 

Over the past week, Ripple’s XRP token has skyrocketed by 25% and has now become the fourth-largest cryptocurrency, at one point flipping Binance Coin (BNB) and hitting a market cap of $39 billion.

More importantly, XRP is displaying all signs of a strong bullish continuation, with its daily trading volume surging by 100% over the past day. The token’s price has surged by 2% over the past hour alone. 

XRP Price Predictions

Crypto experts are giving varying degrees of bullish XRP price predictions. One popular analyst @CryptoBull2020, who has over 145k followers on X, predicts the XRP price to hit $27 by the end of January. He expects the token to break out of the bullish pendant in the monthly time frame, followed by an ascent to a new all-time high. 

He is not the only one who is forecasting a $27 XRP price prediction. @egragcrypto, who has close to 40k followers on X, also shared similar sentiments – however, he expects XRP to hit this price target by May of $2024. 

According to his analysis, the XRP charts are forming the “Giant Cup” pattern, which is a highly bullish signal. Similarly, he reveals that XRP could breach the “Stratosphere” trend line, which has been acting as a macro resistance since 2018.

Why Is XRP Breaking Out? Top Crypto Gainer Today

XRP’s bull rally is not surprising, considering the number of legal victories scored by Ripple over the US Securities and Exchange Commission. In fact, the bulls argue that XRP is the only cryptocurrency other than Bitcoin to have regulatory clarity in the United States. 

After all, the SDNY District Judge Analisa Torres ruled earlier this year that XRP is not a security, considering that Ripple’s programmatic sales of the token did not violate the Securities Act. Furthemore, she rejected the SEC’s motion for an interlocutory appeal against her previous ruling. 

Since then, the SEC has also dropped its lawsuits against Ripple CEO Brad Garlinhouse and co-founder Chris Larsen. 

However, these victories came during a bear market when the major cryptocurrencies were suffering from a liquidity crunch. Consequently, despite surging to the $0.85 price mark after Ripple’s initial win, the XRP price proceeded to retrace the entire bull rally. 

However, with the crypto market now flushed with new capital, XRP is starting to display an extremely bullish breakout. Indeed, the token is currently outperforming every key moving average indicator in both the daily and the weekly time frame, leading TradingView to give a “Strong Buy” signal to the token. 

Furthermore, the XRP/BTC trading pair has breached the 200MA resistance, something it has been unable to do since 2019. Even the XRP/ETH pair has broke a multi-year resistance dating back to 2018 – a daily and weekly close above this resistance could give fresh legs to the ongoing bull rally. 

Similarly, both the TOTAL2 and TOTAL3 charts are experiencing rapid decline against XRP, which highlights the token’s domination. TOTAL2 is the total market capitalization of top 125 cryptocurrencies except BTC, while TOTAL3 excludes both BTC and ETH. 

Ripple Investors Also Tip Bitcoin Minetrix For High Gains

Amid the current crypto bull run, a new cryptocurrency – $BTCMTX – is also displaying bullish strength in its presale, largely due to its cloud mining utility. 

BTCMTX is the native token of the Bitcoin Minetrix platform, which allows ordinary investors to cloud mine Bitcoin and earn passive BTC rewards. 

With the market now in a bull run, the crypto mining industry is expected to turn extremely profitable in the coming months. However, retail investors have been bereft of these profits for over a decade due to the monopoly of wealthy corporations. It is nearly impossible for them to meet the capital investment and technical expertise required to run a competitive mining operation. 

However, Minetrix users only need an Ethereum-compatible wallet such as MetaMaks – the platform’s stake-to-mine dashboard makes the rest of the process intuitive. Investors can purchase $BTCMTX tokens and stake them for mining credits. These credits can be burned for cloud mining time or a percentage of the yields, both options leading to passive BTC rewards. 

However, investors can start to generate passive income even before the stake-to-mine platform is launched. They can stake their tokens in the presale itself and receive staking rewards, currently at an APY of 169%. 

Minetrix’s tokenized cloud mining approach prioritizes decentralization and transparency, which could lead to higher user adoption. After all, despite strong demand for the utility, traditional cloud mining platforms have struggled to attract clients due to rampant scams and centralization risks.

For instance, legacy platforms often ask their users to enter into long-term cash-based contracts or risk losing their services. On the other hand, Bitcoin Minetrix users can choose to unstake and sell their tokens at any point. 

Due to its unique value proposition, Bitcoin Minetrix has already raised close to $3.5 million in its presale.

Visit Bitcoin Minetrix Presale