This is When XRP Price Will Rally More Than 50% To Hit $1.25!

Today, the global cryptocurrency market capitalization has increased by more than $0.8% over the last 24hrs as it is now positioned at $2.17 trillion. Bitcoin’s dominance has recovered by 1.50% as the currency is trading at $46,784 at the time of writing. Bitcoin, Ethereum, and other major cryptocurrencies are showing a sign of recovery.

XRP To Rally Towards $1.25

At present Ripple’s native XRP is having a tough time finding a bullish spot. But with an increased level of investors’ interest along with capital inflow could give rise to an exponential move.

Since December 21, 2021, XRP price action has seen three lower lows and two higher lows resulting in a symmetrical triangle. This means, that until XRP doesn’t showcase an uptrend of 45% rally hitting $1.25, there isn’t any one-sided move. Also, the 45% upswing can happen if XRP manages to break the $0.84 target.

On the other hand, as per the theoretical forecast, the XRP price might also revisit the $1.20 resistance barrier. However, for XRP/USD to reach this level the currency has to break the $1 resistance first and if that happens, the price could also see an uptrend towards $1.61.

If XRP manages to hit $1.61, then there will be a 95% upswing considering the current level. At press time, the altcoin is trading at $0.8283 with a decrease of 0.36% over the last 24hrs.

Also Read : Bitcoin Bull Run In Progress – BTC Price May Hit This Level In Next 12-Months!

Whales Accumulate 10,000,000 XRP Tokens!

On-chain data that tracks the XRP wallets shows that since December 25 XRP whales have accumulated more than 10,000,000 XRP tokens. There are 30 new whales who have joined Ripple Network that hold more than 10 million XRP tokens. Hence market participants can expect a massive rally in the coming weeks.

On the flip side, if Bitcoin sees a crash and XRP follows, XRP price can fall below $0.69 which will create a lower low and also end the bullish formation.