Veteran bitcoin trader Bitlord recently made a strong call implying XRP is about to experience a big price surge. He claims the coin is “ripe” for a parabolic action that might make investors quite profitable. Bitlord’s history of making accurate predictions has garnered attention, with many traders closely watching the token.
Another trader, The Moon, noted a symmetrical triangle pattern developing on XRP’s weekly chart. This technical arrangement indicates a period of consolidation before a major change, suggesting a potential 221% price explosion if XRP breaks above the upper resistance line.
Despite XRP rising only 3% last week, compared to more substantial gains by Ethereum and Solana, there's increasing optimism for the token. Factors like technical patterns and encouraging price movements over the past week contribute to this positive outlook.
While some traders remain optimistic, others are cautious due to XRP's slow performance in recent months. However, with forecasts from CoinCheckup projecting significant growth over the next six months, the token may attract those seeking high-reward opportunities. Timing remains crucial in the erratic crypto market.
