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Pro-XRP crypto commentator BarriC has set the XRP community abuzz with a bold declaration: XRP’s long-awaited bull run will kick off in just 30 days. He is bullish on XRP and suggested that its current underperformance is temporary.
Analysts are sounding the alarm—XRP’s low-price window is closing fast! Now is a good time to accumulate XRP. Read on.
XRP’s 30-Day Window?
In a recent post on X, BarriC confidently predicted that XRP’s price action would start heating up by October, giving investors a short window to accumulate before the surge. Currently trading at $0.5504, XRP has lagged behind its peers like BNB and Ethereum during the ongoing bull market, which began in late 2023.
Despite its underperformance, BarriC believes XRP could skyrocket to over $3 by November or December, with even more excitement on the horizon as 2025 approaches. He emphasized that anyone doubting this prediction doesn’t understand the market.
What Could Trigger the Crypto Bull Run?
BarriC’s confidence may be fueled by broader optimism for Q4 2024, with influential market watchers like CryptoQuant’s Ki Young Ju hinting at a thrilling quarter ahead. Speculating about a potential XRP exchange-traded fund (ETF) launch could further drive demand and boost prices. An ETF would make XRP more accessible to institutional investors, potentially leading to significant price gains.
Doubts Prevail in the Community
However, not everyone is convinced by BarriC’s bold forecast. Skeptics within the community have bookmarked his post, planning to revisit it when his timeline elapses, especially if XRP remains unimpressive. This skepticism highlights the cautious optimism many traders feel toward XRP’s future despite the potential catalysts on the horizon.
The Next Six Months: Make or Break for XRP Price?
BarriC stressed that the upcoming six months could be defining for XRP, with the potential to reach new highs. XRP is below the 50-day and 200-day EMAs, signaling a bearish trend. However, a breakout above the 200-day EMA could push XRP towards the 50-day EMA, potentially leading to a run at the $0.5739 resistance level.
If XRP drops below $0.54, it could fall towards $0.50, with a break below $0.50 potentially triggering further declines. With the 14-day RSI at 41.65, XRP might approach $0.50 before becoming oversold. SEC activities and related updates remain crucial factors to watch.
Will you jump the XRP train or wait for another 30 days?