The post Ripple News – Crypto Analyst Predicts Big Break For XRP Price: $1.4 On The Horizon? first appeared on Coinpedia Fintech News
The XRP market has significantly outperformed the top digital assets over the past month with a jump of about 24 percent. Other digital assets in the same class as XRP, including Cardano (ADA) and Solana (SOL), are down by double percentage points over the past month.
The resilient performance of XRP
The XRP market has held its position strongly over the past two years, even with the heightened negativity of the SEC vs Ripple case. With other top altcoins including BNB, Ethereum (ETH), and Polygon (MATIC) under the radar of the SEC, the XRP community has more support to fight against the agency.
XRP Price Analysis by Captain Fabik
According to a popular crypto analyst on Twitter named Captain Faibik (@CryptoFabik), XRP investors should wait patiently for the macro breakout to materialize in the short term. Also the analyst noted that the XRP price on the macro time frame is retesting the logarithmic downtrend resistance, but as a support level. Captain Faibik noted that a breakout to $1.4 is imminent based on the price action in the symmetrical triangle.
Also Read: Analyst Predicts Massive Rise For XRP And Ethereum (ETH) Price
Strategic Partnerships
XRP can best be described as a utility-based digital asset that aims to solve the cross-border payments puzzle. Ripple has formed strategic partnerships with financial institutions around the world and acquired several Web3 startups to ensure the XRP mission succeeds. However, Ripple has been blamed for flooding the market with more XRP coins each month instead of allowing the community to mine through staking programs.