The post XRP Price May Reach This Level Next 2 Months! Right Time To Stack More? appeared first on Coinpedia Fintech News
While the crypto space spike as the US banks collapsed, XRP maintained a stagnant trend without undergoing a massive surge. Therefore, now that the majority of the cryptos are consolidated XRP price continues to trade along the same levels. It appears that the XRP bulls have not yet utilized their strength. Once they begin, the price could spike massively marking new highs for 2023.
Amid the recent price movement within the crypto space, nearly 2 billion USDT has been minted which indicates that the crypto space continues to grow. New USDT is usually minted to accommodate the huge demand for the cryptos which appears to be taking place now. Considering the XRP price, the RSI & MACD have just turned bullish and hence the price is expected to rise beyond $0.7 in the next 2 -3 months.
A popular crypto trader TARA, shared the next target for the XRP price, according to which it may spike high beyond $0.5 by May 2023.
“Next Stop for XRP is $0.57! This should line up with BTC Wave 3 at $35.4K. Wave 3 likes to extend, especially if we get heavy volume… bullish targets can reach as high as $0.83 on this Wave!,”
Collectively, all the altcoins are expected to go higher or a bit lower in the coming days which is pretty much unlikely. Whenever some things are poised to go long, they usually crash a bit which is now withnessed with the XRP price. Hence a significant upswing may be in-line with the token for the next couple of months.
Source: https://coinpedia.org/price-analysis/xrp-price-may-reach-this-level-next-2-months-right-time-to-stack-more/