XRP Poised for Liftoff: $9 or Even $24 on the Horizon?

Key Points

1. Every bullish crossover between XRP’s 21 EMA and 55 SMA has historically preceded major price surges, such as a 40,000% surge in 2017 and a 750% pump in 2020.

2. The current bullish crossover in October 2024 suggests potential rallies of 1,500% (to $9) or 4,000% (to $24), based on historical patterns.

3. XRP recently hit a historic high of $3.65 after 7 years but has since pulled back to the $3.12 zone, with analysts remaining bullish on its future performance.

4. XRP's open interest (OI) recently reached a record $3.9B on Binance, indicating significant speculative activity and trader confidence amid a range-bound price environment.

5. Analyst Vlad Hryniv notes XRP is consolidating tightly between $3.00 and $3.20, which could signal a looming liquidation-driven price movement.