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Crypto -Veteran Raoul Pal Has shared his thoughts about the XRP price, and predicts that it still has more room to get to the advantage. The Altcoin is expected to get a new all -time High (ATH) as it gets together higher.
XRP -price ready for another leg higher
In one Youtube -videoPAL noted that the graph of XRP is one to see and that the price will probably get a different leg higher at a certain moment. His accompanying graph pale a bull flag That had been formed since last year for the Altcoin, after the parabolic meeting to the range of $ 2. The price is currently in the consolidation phase, with an outbreak that usually takes place after this phase.
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Based on the graph, the price could collect up to $ 5, which would mark a new all -time High (ATH) for the Altcoin. It is interesting that the crypto veteran had advised investors before the increase at the end of last year to sell their dino coins such as XRP and Ada. After the pump, however, he admitted that he was wrong and became Bullish on the Altcoin.
This prediction comes in the midst of the launch of the CME XRP and Micro XRP -Futures, which are bullish because of its price. These products will expose institutional investors to the Altcoin and are also an integral part of the approval of a Spot XRP ETF. An XRP ETF is one of the factors of which crypto analyst Barric believes that prices can quickly lead to $ 10.
In the short term, crypto analyst Ali Martinez suggested that the XRP price could repeat before it gets higher. In an X -post he stated that it could actively return to $ 2 if it loses the critical support of $ 2.30. Casitrades from Crypto analyst had also warned that the Altcoin could see a correction after failing to keep $ 2.6 successfully.
The Altcoin could touch ATH after this correction
Crypto analyst Dark Defender has suggested that the XRP price after this market correction could reach its ATH, which states that the rally is closer than anyone else for ATH. This came when he revealed that the token completed the A -Golf and is now on the B -Golf of Golf 2, which means that this corrective wave is halfway through.
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The crypto analyst predicts that The XRP price Can reach $ 3,333 after the B and C waves in this Wave 2 Corrective Move. In the meantime, the support levels for paying attention are $ 2,3502 and $ 2,2222, while the resistance levels to keep an eye on are $ 2,58 and $ 3,3333.
At the time of writing, the XRP price is traded by around $ 2.38, an increase of more than 2% in the last 24 hours, according to facts Van Coinmarketcap.
Featured image of Getty Images, Chart van TradingView.com