Ripple (XRP) Could Be Primed for a ‘Mega Pump’ (Analysts Chip in)
“Are we in for a massive pump and multiple X’s? My answer is a resounding: Yes,” one popular analyst said.
TL;DR
‘Euphoric Phase’ Incoming?
Ripple’s XRP has shown quite a wobbly performance as of late, with its value plunging by 7% on a two-week scale. It reached a local bottom of around $0.50 before recovering some of the losses and rising to the current $0.53 (per CoinGecko’s data).
Some analysts believe an explosive price growth might soon replace the negative trend. The X user EGRAG CRYPTO, for instance, claimed XRP could experience a repeat of the 2017 pump.
Back then, its valuation skyrocketed from a mere $0.25 in December 2017 to an all-time high of $3.40 just a month later (a 1,250% increase). A similar bull run nowadays would result in a new peak of approximately $7.20 for XRP.
“XRPArmy STAY STEADY. The upcoming euphoric phase will be known as the XRP MEGA PUMP. Get ready,” EGRAG CRYPTO added.
Earlier this week, The Great Mattsby argued that XRP’s monthly Bollinger Bonds keep squeezing and are now “way tighter than 2017.” The analyst assumed this development would eventually end in a massive rally for Ripple’s native token.
This technical indicator, developed by John Bollinger in the early 1980s, helps traders identify when an asset may be overbought or oversold, thus spotting potential reversal points.
Tightening the bands means XRP has experienced relatively low volatility for a prolonged time and might be headed for a huge rally (or correction). It is worth noting that historically, this development has resulted in a price movement to the upside.
Those willing to explore additional forecasts involving XRP, feel free to check our detailed article here .
Another Bullish Signal
The declining supply of XRP on cryptocurrency exchanges should also be mentioned when speculating about the asset’s possible future market dynamics. As CryptoPotato recently reported , the number of tokens held on trading venues dropped to a seven-month low.
Such a change generally indicates that investors might have shifted from centralized platforms toward self-custody methods, resulting in reduced immediate selling pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Uniswap front-end transaction fees have reached $182.88 million
Trump Exempts Tech Devices from New Tariffs
Trump exempts smartphones, computers, and chips from new tariffs, easing pressure on the tech and crypto industries.Major Tech Relief as Trump Exempts Devices from TariffsCrypto Sector Also Stands to BenefitPolicy Shift Aims to Stabilize Markets

Can You Still Mine Bitcoin at Home in 2025?
Discover four practical ways to mine Bitcoin at home in 2025, from USB miners to compact ASIC rigs.USB Bitcoin Miners: For Hobbyists and LearnersHome-Friendly ASICs: Efficiency in a Small PackageHosted Mining at Home: Remote Hardware, Local ControlRenewable-Powered Rigs: Go Green, Save CostsFinal Verdict: Feasible, But Strategic

Shaq Settles $11M NFT Suit, BTC Eyes $100K by June
Shaquille O’Neal settles $11M NFT lawsuit, while Bitcoin eyes a $100K rally by June. Here’s your weekly crypto recap.Shaq to Pay $11M in Astral NFT Lawsuit SettlementBitcoin Eyes $100K by June, Says Analyst ConsensusMarket Roundup: Bullish Across the Board

Trending news
MoreCrypto prices
More








