Three Potential ATHs for the XRP!

in FinTechlast year

Although it appears that the XRP price may continue to move in a bearish direction, taking into account the recent price trend and the other fractals, a bullish comeback may be just around the corner.

Many thought the XRP price would plummet below the 2022 lows and hit levels around $0.1 recently when the market became bearish. Prices could only fall to such low levels as a result of a regulatory Blackswan event, as cryptocurrencies began to develop resistance to typical economic Blackswan.

In such circumstances, the bearish market may be triggered, but it may not necessarily reach such lows because traditional participants like banks, institutional investors, hedge funds, etc. would be deliberately collapsing it to acquire cryptocurrencies for the lowest possible price.

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Three probable ATHs for cryptocurrency are shown in the above chart by well-known analyst Tital of Crypto. The Fibonacci circles were previously used by the analyst to predict the stock's likely next ATHs.
“Assuming June 2022’s low was the cycle bottom for XRP, using Fibonacci Circles helps to forecast its next potential ATH.

3 potential ATHs emerge from conservative to optimistic:
• $3.34 using the 1.618 Fibonacci circle.
• $8.49 using the 2.618 Fibonacci circle.
• $21.56 using the 3.618 Fibonacci circle.

When there were uncertainty in the cryptocurrency world, the XRP price showed incredible strength. Despite strong bearish pressure that was still there, prices were still expected to go in the direction of the north. Because of this, it can be predicted that the bearish view may continue to plague the rally, but the bulls are powerful enough to keep the prices above the key support and start a substantial recovery after bringing the bottoms up.

By the end of 2023, if the sequence of events plays out as expected, according to coinpedia. The likelihood of the Ripple price prediction reaching a new high is then considerable.

Additionally, the xrp price prediction could reach a higher maximum value and move closer to its $1.1043 annual closing objective. If the XRP lawsuit had no effect, on the other hand, the usual buying and selling pressures would prevent the price from falling below $0.8486.
Ref - https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/

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