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Top Analyst Says XRP to Hit $10, Citing Bullish XRP-Bitcoin Chart!
In a recent tweet post, well-known crypto analyst Dr. Cat has outlined a bullish scenario where XRP could triple in value within the next two months. According to him, if Bitcoin manages to reach $144,000 soon, XRP could climb to somewhere between $6 and $10.
The expert’s reasoning is based on the XRP/BTC chart, which displays a rare “kumo twist” signal since 2018. This Ichimoku Cloud formation often precedes major upswings in the market.
Currently, XRP is trading near $3.55 after experiencing a massive weekly surge of 29%. Moreover, its market capitalization has surpassed that of oil giant Shell, reaching an astonishing $207 billion compared to Shell’s valuation of approximately $206 billion.
Dr. Cat highlights a significant resistance zone between 4,135 and 7,600 satoshis, which he labels as the “take-profit range.” He emphasizes that this level could be a crucial area where XRP either continues its upward trajectory or faces strong selling pressure.
If XRP manages to push through this barrier, Dr. Cat predicts it will first stop at around $4.50 and then potentially reach $6 to $10 if Bitcoin’s rally maintains its momentum.
Source: coinpedia.org
