Ripple’s XRP is on a roll, breaking through a key resistance level recently. The move has analysts eyeing the crypto asset for potential big gains, with many like Bret Hill suggesting just that.
Meanwhile, Pastor Brandon Biggs has been circulating social media with his “prophetic” prediction of an “instant” rise in the price of XRP.
Against this backdrop, XRP is currently trading at $0.603, which is a 4% gain over the past 24 hours. Over a seven-day period, the digital asset has managed to soar in price by almost 5%, but its monthly gain has been more modest – 1.29%.
Several factors are driving this momentum away from technical analysis and toward more speculative influences. Let’s move on to what’s happening with XRP and what might be next.
Bullish comments from analysts
One of the loudest voices in the XRP room right now is crypto analyst Bret Hill, who just pointed out the importance of this breakout above consolidation, as seen in XRP’s recent moves.
🚀 **XRP/USDT Daily Chart Update:**
The XRP/USDT pair just **broke out of a consolidation phase**, making a **bullish breakout** that had the charts screaming “LFG!” The price has risen to **$0.6054**, and the momentum is clearly on the bulls’ side.
**Next big goal:**… pic.twitter.com/Qp6HLL6pEn
— Brett (@Brett_Crypto_X) August 20, 2024
According to Hill, this opens the door for further gains to the next resistance target at $0.684 — one that will not be a walk in the park for bulls. This interest level is not a casual one, but rather a critical point that, if broken, will signal larger waves of gains.
Traders should now turn their attention to the $0.684 level. If the altcoin can finally break through this critical level, it could spark more growth. There is excitement in the market, and this excitement could be the fuel that pushes XRP to higher prices.
Prophetic predictions arouse interest
While technical analysis presents one viewpoint, there is another controversial viewpoint. One of the most famous Christian prophets, Pastor Brandon Biggs, recently made headlines with his latest prediction related to XRP.
Specifically, Biggs claims that XRP could experience an overnight surge that would allow the cryptocurrency to regain its former glory. His prophecy, although speculative, has attracted the attention of the crypto community.
He described a vision of a financial shift around cryptocurrency, with a “rapid acceleration” in the value of the token. He believes it could be so fast that it will take investors by surprise.
They are by no means based on traditional market analysis, but his predictions add an intriguing layer to the ongoing conversation about XRP. And for the few who believe Biggs truly sees the big picture, XRP could represent more than a financial asset — XRP could be part of an even larger, spiritually significant event.
Market sentiment and investor behavior
In this regard, technical data on XRP suggests that the cryptocurrency may be ready for higher prices. On the other hand, we see speculative and “spiritual” forecasts from Biggs, which make the situation even more intriguing.
XRP Price Prediction
According to cryptocurrency price prediction platform CoinCheckup, XRP is likely to experience a trending move in the next seven days as the market points to the possibility of bullish momentum.
The price is currently down 20% compared to next month’s forecast, which means there could be a temporary downturn before a sharp rise.
Traders are likely to benefit from the expected gains that can be made during what looks like a short-term correction. Technical indicators suggest that XRP is gaining momentum, which could support the price higher as market sentiment improves.
Looking ahead over a three-month time frame, XRP is expected to rise by 25%, with the outlook remaining consistently bullish over the next six months, with growth expected to be around 170%.
Main image by PremiumBeat, chart by TradingView
