Crypto analyst Alan Santana has been consistently bullish on the XRP price and accurately predicted a breakout for the digital asset. With the recent rise in the crypto market, Santana’s prediction of a surge has come to fruition. In an update, Santana reveals what is next for the beloved altcoin.
Predicting The XRP Price Rally
Santana initially shared his analysis of the XRP price performance on October 13 when the digital asset was trading at just $0.48. This was before the United States Securities and Exchange Commission (SEC) dropped its lawsuit against Ripple’s co-founders.
In his initial post, Santana referred to the XRP price as “great timing” for an entry, and he turned out to be correct. On October 16, Santana provided an update stating that the digital asset still had significant growth potential.
Then, on October 20, after the SEC dropped its charges against the Ripple executives, Santana stated that the victory “opens the doors for a 150% rally.” Although the XRP price has not yet reached this target, it has already risen 114% since the initial post when XRP was trading at $0.48.
What’s Coming Next?
In the latest analysis updates, Santana explains that “XRP is showing zero signs of weakness.” According to the analyst, every XRP signal across all timeframes has been getting stronger amid the crypto market resurgence.
The analyst expects the bullish momentum to continue with further upside potential. Following the expected 150% rally, the XRP price could reach $0.6 before encountering major resistance.
“Just as the chart succeeded in predicting a Ripple win and major XRP rally before the event actually took place… The chart is once more saying, ‘forget the doubters, a higher high comes next!'” Santana’s TradingView post reads.
As predicted by the analyst, XRP continues to show strength in the market after surpassing the $0.55 mark. In the last day alone, its price has increased by 4.98%. Its weekly surge of 11.45% has brought its market cap above $29.4 billion, and its daily trading volume has seen a 200% increase, according to data from CoinMarketCap.
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