XRP Price Prediction The entire cryptocurrency market is showing advances, with the XRP price up 7% today, April 23, to trade at $2.24 at the time of writing. According to a well-known crypto analyst, amid Ripple’s surge. The average crypto trader should hold at least 10,000 Ripple tokens to achieve financial freedom. Based on his HODL approach, XRP’s upswing might be in early phases.
Analysts Bullish on XRP Surge
Crypto expert EDO FARINA recommends traders buy 10,000 XRP tokens in an X article. If Ripple surpasses the larger cryptocurrency market, he pointed out. That possessing this number of coins would be akin to achieving financial freedom. Should a trader decide to use FARINA’s HODL approach and purchase 10,000 XRP tokens at the current XRP value of $2.24. Their entire cryptocurrency holdings will be valued at $ 22,400 if the XRP price rebounds higher and closes. The record highs above $3, this kind of trader would likely profit noticeably.
The view of FARINA is well-liked among crypto analysts for convincing reasons against XRP sales. After rising from its recent lows, analyst Don Alt predicts Ripple to be among the best performers in this cycle. In a recent X post, he observed that a breakout to $2.72 might be spurred should XRP pricing provide support at $2.15.
XRP Breakout Imminent?
After developing an inverse head and shoulders pattern, Ali Charts also observed that the XRP price is about to break out to $2.70. The analyst observed in his most recent X article that if Ripple breaches resistance at the $2.40 neckline, the breakout will be confirmed. These forecasts explain why Farina believes traders should hold at least 10,000 XRP tokens to achieve financial freedom, as such traders would profit significantly should the price reach these levels.
XRP Breaks Key Resistance
After reaching vital resistance at the 50-day EMA of $ 2.19, XRP price appears to have overcome the current decline., To verify a continuation of this uptrend, Ripple must, however, make many calculated daily closes above this EMA level. The daily RSI is also increasing and has exceeded 50, thereby confirming that bulls currently dominate Ripple’s price movement. Indicating that the optimistic momentum is at its strongest level since early May, this RSI indicator is also at its highest in almost two months.
Consequently, as bulls take control, the XRP price may convert the $2.22 resistance level. However, in support, shifting the entire market structure to bullish. Should this occur, Ripple will likely surpass $2.70; once this breakout is verified, the rally may extend towards new all-time highs.
XRP Support Warning
However, suppose this altcoin loses support at the crucial $2.20 level again. In that case, the invalidation of the continuous bullish thesis and optimistic view of the XRP Price Prediction. They will follow, thereby igniting a resumption of bearish trends. Consequently, even though holding at least 10,000 XRP tokens could yield notable profits, it also involves a lot of risk.
