Crypto Experts Predict XRP’s Bullish Surge Amid SEC Ripple Appeal Deadline

Crypto experts have unveiled their bullish predictions for XRP, despite the cryptocurrency’s stagnant price action. The approaching SEC Ripple appeal deadline could significantly impact this projected rally. If there is no appeal, it would end the long-running lawsuit that has hampered XRP.

Crypto expert Bitlord expressed his optimism on social media, stating that he believes XRP is poised for a “parabolic explosion” within 24 hours. Advising market participants not to overlook XRP, Bitlord emphasized the potential for significant gains.

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Another crypto analyst, Jackis, also provided a bullish forecast for XRP. He shared an inverted chart and suggested that while a breakdown appears violent, it signals an imminent breakout. According to Jackis, XRP could finally reach $1 during this anticipated surge.

Crypto analyst Dark Defender is similarly confident. He noted that XRP is poised to break through the last weekly Ichimoku Clouds, currently at $0.6649. Dark Defender predicts that this upward move will also surpass the January 2018 resistance level, which is above $1.03.

Mikybull Crypto joined the chorus of optimism, recalling XRP’s historic 61,000% surge in 2017. He mentioned that while history doesn’t always repeat itself precisely, it often rhymes, suggesting that a significant move might be on the horizon for XRP in this market cycle.

In another post, Mikybull Crypto highlighted XRP’s bullish macro chart, indicating that the altcoin could potentially reach $45, although this seems unlikely within the current market cycle. Nevertheless, crypto analysts like Egrag Crypto have predicted that XRP’s price could reach double digits during this bull run.

Veteran crypto analyst Armando Pantoja drew attention to a 7-year bullish pennant on XRP’s chart. He described it as an unprecedented formation in his trading experience and forecasted one of the year’s “biggest breakouts.” Pantoja’s analysis suggests that XRP could surge to $4 upon this breakout, emphasizing that the charts are too perfect to ignore.

Currently, XRP is trading at around $0.58, having experienced a slight decline of over 1% in the past 24 hours, according to CoinMarketCap data. Despite this recent dip, analysts maintain that the outlook for XRP remains bullish.