{"id":196523,"date":"2023-12-02T11:39:20","date_gmt":"2023-12-02T11:39:20","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=196523"},"modified":"2023-12-02T11:39:20","modified_gmt":"2023-12-02T11:39:20","slug":"xrp-bulls-eye-crazy-momentum-to-1-8-as-pundit-highlights-possibility-of-xrp-at-10000-price","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/xrp-bulls-eye-crazy-momentum-to-1-8-as-pundit-highlights-possibility-of-xrp-at-10000-price\/","title":{"rendered":"XRP Bulls Eye Crazy Momentum To $1.8 As Pundit Highlights Possibility Of XRP at $10,000 Price"},"content":{"rendered":"
After climbing above the psychological price of $0.60, XRP has found the much-needed momentum to breach new year-end highs.<\/p>\n
As a result, the fifth-largest cryptocurrency based on market valuation has formed both Elliott Waves and Cup-Handle patterns, which could propel the price to the $1.05 and $1.88 levels, according to market analyst Dark Defender.<\/p>\n
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The analyst added that a price surge to $1.88 is expected in the short term if these formations see the light of day. XRP was up by 4.3% in the past week to hit $0.62 at press time, according to CoinGecko.<\/p>\n
Therefore, stakes are high, and it\u2019s a matter of time before XRP breaches the psychological price of $1 based on the presence of super bullish driving factors, as previously reported by ZyCrypto.<\/p>\n
XRP recently dropped to lows of $0.58 based on the formation of a descending channel.<\/p>\n
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Nevertheless, leading analyst EGRAG CRYPTO believes an inverse head and shoulder (H&S) structure is almost materialising, and this would be bullish because it could push XRP\u2019s price to the $0.70 level.<\/p>\n
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The analyst noted this was one of the ways that XRP would escape the descending channel for heightened bullish momentum.<\/p>\n
Meanwhile, as Ripple continues to make a strong case in cross-border payments, Edward Farina recently stipulated that XRP could replace SWIFT, triggering a price surge to the $10,000 level.<\/p>\n
The Alpha Lions Academy CEO took to X, formerly Twitter, to reveal this narrative in what he deemed \u2018RIPPLENET SWIFT KILLER: The Road for XRP to $10K.\u2019<\/p>\n
Farina stated, \u201cThe current SWIFT system handles billions of transactions per hour. If RippleNet replaces it, it will go through XRP.\u201d<\/em><\/p>\n SWIFT is a banking system presently used for worldwide cross-border payments.<\/p>\n