XRP may be poised to create a local high after pumping over 7% from lows on Wednesday. Analysts have weighed in on where they think the crypto could be headed, and sentiment is currently highly bullish. Meanwhile, anonymous Telegram-based TG Casino is also earning bullish predictions after surging past $2.8 million in its presale.
XRP Poised for Short and Long-Term Gains, Says Analysts
Despite a pullback this week, XRP has enjoyed a strong month and is currently up 12%. However, analysts expect further upside in the coming days, with X user Dark Defender predicting it could hit $0.67 today, followed by a minor retracement and then a significant pump.
The trader then targets $0.8888 and $1.0507 as potential highs. According to the analysis, XRP will hit $0.8888 between 30 November and 1 December. Following this, Dark Defender suggests that XRP could retest $0.8888, using it as support before climbing toward $1.0507.
Meanwhile, prominent analyst Ali predicted last week that XRP will rebound after a selloff period. At the time of the tweet, XRP’s price was $0.607, meaning there is still room for growth, with today’s price at a similar level.
Ali noted that a “notable uptick in whale transactions and their holdings” suggests its price is ready to pump.
In a new tweet, Ali pointed out that XRP has broken a descending channel on the 4-hour time frame, indicating another potential leg up. According to Ali, this could see XRP pump to $0.65-$0.66 in the near term.
Consequently, both analysts align on XRP’s short-term price potential, expecting an upswing to between $0.65 and $0.67.
However, some prevalent XRP community members hold much more optimistic hopes for the project’s mid-to-long-term price.
Based on past breakout chart patterns, X user Crypto Bull made an outlandish forecast that XRP could reach $4.2, $7.2, or even $470. The analyst’s speculation has prompted immense interest from the community, with the tweet garnering 90K impressions and over 900 likes in three days.
That said, Crypto Bull did not provide a prediction time frame. Furthermore, $470 per XRP would put the crypto at an approximately $250 trillion market cap – magnitudes ahead of the entire crypto industry’s all-time high market cap.
As such, it is improbable that XRP will reach the maximum price target, although the prediction illustrates the community’s bullish sentiment on XRP.
Another project currently gathering momentum is TG Casino, a new presale that has raised $2.8 million in eight weeks.
TGC Token ICO Surges Towards $3M as GameFi Project Gains Momentum
TG Casino is a newly launched Telegram-based casino that is KYC-free and offers a range of benefits to $TGC holders.
Launching on Telegram TG Casino provides a seamless user experience while being accessible to Telegram’s one billion users and offering end-to-end encryption, so players can gamble worldwide without restriction.
TG Casino casino offers hundreds of games and sportsbook events, and the $TGC token provides benefits like 25% cashback on losses, free rewards, a 201% staking APY, and access to exclusive games and rooms.
Moreover, TG Casino is anonymous, so users can get started in minutes and play from their Telegram account. Another benefit is that it is one of the only regulated Telegram casinos, and its team recently underwent a KYC audit, attesting to its commitment to security.
The platform also features a buyback mechanism that repurchases $TGC tokens with a portion of its revenue. It will burn 40% and send 60% to staking rewards, bolstering its supply and demand dynamics while enabling holders to benefit from the casino’s success.
TG Casino combination of a promising use case, cutting-edge tokenomics, and current low presale price has rallied massive excitement from analysts, with Eric Cryptoman stating it could be a “huge runner” after its IEO. Meanwhile, Jacob Bury recently predicted 10x returns.
However, the TG Casino presale price will rise in two days, so potential buyers must act fast.
Source: https://coinpedia.org/press-release/analysts-set-xrp-price-targets-tgc-token-draws-investor-attention/