New take -off from the XRP? Last July, the XRP broke its historic price records by exceeding 3.60 dollars. If, since then, the cryptocurrency of Ripple Sometimes corrected up to 3 dollars, it seems to start to start up since the US federal reserve (Fed) has decided to lower its key rates again. According to some analysts, this could lead the XRP to 5 dollarsor even 15 dollars !
The key points of this article:
The XRP began to start up after the very recent drop in guiding rates of the United States Federal Reserve.
Analysts estimate that the XRP could reach 5 dollars, even $ 15, due to the formation of a technical figure of Bull Flag.
XRP ready for a new increase, with the $ 5 in the first goal?
With The Fed which has regained the drop in its guiding rates This September 17, the cryptocurrency market seems to be preparing to restart his upward trend. And some projects such as the XRP could benefit from it in a explosiveaccording to some analysts. This is the case of Crypto Pulse on X, which believes that the cryptocurrency of Ripple «could Prepare for a new increase in the $ 5 and more ». Indeed, looking at the daily graph of the XRP against the US dollar (see below) the analyst sees a bull flag (Haussier flag), which he recalls to be «a figure of continuation which often announces a New bullish phase ». Thus, still according to Crypto Pulse, if the price of the XRP manages to maintain itself above the $ 2.75 area, then «a breakthrough could open the way to more than $ 5 ». Because for the analyst, the XRP «always seems bullied» so far. When writing these lines, the Ripple crypto took +3% in 24 hours (in connection with the «Fed effect» mentioned above), and is slightly established above the 3,10 dollars.
XRP courses in USD. – Source: account x @cryptopulse_cru
A new Ath at $ 15 during this Bull Run for the Crypto of Ripple?
If the $ 5 would already represent a pretty +60% On the current XRP course, Cointelegraph analysts are still going further in optimism. Indeed, by taking up this structure in Bull Flag of the courses of this digital asset, but on a scale weekly This time, the 5 dollars would only be the first target, before seeing an XRP going potentially Up to more than $ 15 !
“The evolution of the XRP course has drawn figures in bull flag on the weekly graphic, which could lead to a sharp increase of up to 15 dollars. »»
Cointelegraph
Cointelegraph graphic analysis on the XRP course in USD. – Source: Cointelegraph.com Ripple has known particularly intense recent years. Indeed, she has managed to get out of his trial against the dry (Securities and Exchange Commission) last August, after 5 years of legal combat. If, in addition to that an ETF XRP in cash were approved next Octoberwith the Fed which lowers its guiding rates To top it off, the first stage of the $ 5 no longer seems so unimaginable as that.