XRP Mirrors Silver: A Bullish Surge Awaits, Predicts Analyst

Juhi Mirza
Ripple (XRP) Forecasted To Hit $1.2: Here's When
Source: Watcher Guru

The grueling SEC vs. Ripple battle is yet to deter XRP price resilience and strength. The token is basking in the bull run glory, stable at $0.6022. Ripple has noted a slight downswing of 3% in the past 24 hours. The token has lately been giving an optimized performance, documenting an upswing of 7% in the past month. 

The token’s gradual progression keeps the Ripple community hopeful of its impending bullish breakout. Egrag Crypto, a notable crypto analyst on X, has shared an interesting insight that has spurred excitement in the Ripple community. The insight shared entails XRP mirroring Silver, signaling that a bullish breakout may soon be on the cards for the token. 

Also Read: Ripple: Could XRP Be Headed for $1 After the Bitcoin Halving?

XRP Mimics Silver: What’s Happening?

Source – Tin Tức Bitcoin

Egrag Crypto, a notable crypto analyst, took to X to share a candlestick graph chart outlining Ripple’s impending breakout. The chart, which originally belonged to analyst JT, consisted of two candlestick charts, showing price movements of Ripple and silver. 

Additionally, the chart portrays the token mimicking of similar price stances and projections as Silver, spurring speculation on whether XRP is bound to deliver a bullish breakout soon.

Furthermore, this striking similarity of stances mimicked in the chart has triggered a wave of excitement in the XRP community. New hopes have fueled crypto enthusiasts, wishing for an imminent XRP boom to take place.

Also Read: Ripple: 3 Reasons Why XRP Could Turn Around to End March

XRP Price Analysis for March End

After noting a modest uptick in its price, Ripple continues to leverage the current market wave to keep its price resilient to extreme volatility. 

Despite its gradual growth/performance, CoinCodex, a crypto analytics platform, predicts that Ripple will gain further momentum by March end.

“The XRP price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. XRP may change hands at $0.680893 on March 26, 2024, gaining 12.23%.” 

Additionally, Ripple is leaving no stone unturned to gain its market dominance back. The firm is busy forging alliances with leading market giants. Ripple is continuously working on embedding XRP on all major corporate fronts by diversifying its use cases.