The encryption analyst says that the price of XRP will continue to gather to reach $ 38, here is how

With the XRP price now Building a big momentumThe encryption analyst expected that the top of Altcoin will be set to a $ 38 target. The analyst reveals that the price procedure, along with the main bullish technical indicators, supports this Optimistic expectations.

The analyst offers an increase in the price of Altcoin to $ 38

X (Twitter) formerly GERT Van Lagen expected The price of XRP is preparing for Increase explosives To $ 38. Although the analyst’s expectations may seem ambitious given that Altcoin is circulating less than $ 3, it supports them with the main indicators that are strongly achieved and enhances this view.

Lagen has shared a two-week technical analysis scheme to make asset prices over the years, highlighting the double triangle style and a rising triangle style-both strong upwards.

XRP price is 7 years old Double bottom From 2014 to 2020. This style is a typical upright reflection indication indicating a shift from the declining direction to the upward trend. At that time, the cryptocurrency erupted over the neck line on the double bottom, which led to a huge march to $ 0.28 and $ 2.5, characterized by “1” and “2”, respectively, on the graph.

Go ahead, the price was Forming an upward triangle – The continued climb style characterized by the flat top direction line and the height of the lower direction line. The emergence of this artistic indicator indicates a possible outbreak in an encrypted currency or Continue in the range of ascension.

Lagin XRP price graph He explains that the cryptocurrency has recently collapsed over decisive resistance, characterized by black horizontal line, which confirms a Al -Shamali collapse. Given that the previous previous lower lower collapses led to an increase in explosive prices in 2017 and 2018, the analyst expects a similar or larger gathering, with his final goal determined at 38 dollars.

The previous assembly of XRP, although it is less important, exceeded its equivalent goal by 2x. As a result, the analyst considers the drop in its price of $ 38, provided that the cryptocurrency is completely conservative. Despite these optimistic expectations, Altcoin continues to trade below The highest levelRightly approaching its previous height about 3 dollars Positive market morale stimulates gains.

XRP Community Sparks Bullish Frenzy on X

The XRP community was in fit Recently after the official The conclusion of the legal battle of Ripple for a period of five years With the American Securities and Stock Exchange Committee (SEC). All over the social media platform X, the spread of XRP collection is mentioned with many analysts Dropping In the coming weeks.

With high positive feelings and the legal issue that has now been settled, Altcoin can restore its previous glory with sharp price leaps Increased market valueLike a lot before the Supreme Education Council suit. It is worth noting that the X Crypto analyst was determined as a “random encoder” Declare It is with the conclusion of the Ripple and SEC suit, XRP no longer has the limits of the maximum market. It is also expected that the cryptocurrency can rise to an ambitious goal of $ 10,000.

Distinctive image from Adobe Stock, Chart from TradingView.com