The XRP price is seeing a recovery from early bearish clouds below $2.8 in late September as it regains momentum above $3. This new price position is regaining its bullish potential as the coin has maintained consistency over the last few days above $3.
However, Remittix’s bullish outlook keeps it long as experts project it could be nearing a $4 surge in the last quarter accumulation.
Here is the general outlook of the market as XRP price returns to a zone above $3 and Remittix accumulation takes another step higher.
What The XRP Price Could Look Like By December, With Ongoing Accumulation
There is a line-up of opinion on the XRP price direction for this quarter, as experts believe the new $3 recovery could be sending a new bullish message. The XRP price has spiked above $3 in the last few days as the Ripple market cap has surged beyond $175 billion.
Additionally, with the cap now at $179 million, experts are considering the possibility that the XRP price may return to a high of around $3.6 this year.
Furthermore, the technical analysis of the XRP price suggests that the coin may have experienced a significant inflow over the past few days. This is with the coin teasing move on an uptrend. The outlook for the XRP price uptrend now shows the coin holding steady above $3 as it attempts to break the $3.1 resistance.
However, on the other hand, a break below the $2.90 support could undermine the structure and shift the outlook back to bearish. This could see the XRP price return to a zone around $2.7 or lower by the end of Q4.
Remittix Nears Final Lap For Spike To $4
The general analysis of the Remittix coin over the last few weeks has continued to speculate on a potential for the coin to reach $4 this year. This is due to its high accumulation rate, indicating a market-wide interest in the coin.
Moreover, the Remittix project’s proposition demonstrates readiness to completely overhaul the cryptocurrency payment sector in a move that could see the coin’s value increase by 100 times its current value.
However, as the coin accumulation takes a new step forward this Q4, experts’ analysis suggests the coin could see fresh interest, boosting the price to $4. But, this projection means the coin could see a near 40x surge this quarter as the price climbs from $0.11 to $4.
Whereas to show why this projection might be beyond mere speculation, some of the factors experts have identified for the growth include:
- New whale accumulations from the historical crypto market, October surge
- Rise in user base fueling new buying as referrals see the user base spike to a new record high
- Surge in token access with the wallet launch set to come in after the ongoing beta testing
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Website: https://remittix.io/
Socials: https://linktr.ee/remittix
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The post XRP Price Holds Above $3 Support Level – Remittix Set To Hit $4 From $0.11 In Q4 appeared first on Blockonomi.
Source: https://blockonomi.com/xrp-price-holds-above-3-support-level-remittix-set-to-hit-4-from-0-11-in-q4/