The cumulative value of cryptocurrencies has set its sights on the $2.1 trillion resistance area and is moving towards this level. After the recent drop, the price of Bitcoin has quickly recovered, thereby confirming the bulls’ insistence. Miners’ profit-taking has slowed down, and Ethereum is on the verge of starting a parabolic rally after 665 days. All these factors herald a rise in altcoins.
How Much Will XRP Coin Increase?
Cryptocurrencies are unpredictable, but it is possible to make consistent predictions about trends. Those who succeed, like PlanB during bull markets and CryptoCapo during bear markets, can even declare themselves oracles. Their fundamental view is that the rise or fall will continue, and they confidently step onto the stage during price corrections to say, “don’t worry”.
The current outlook suggests that the bear market, which lasted as long as previous cycles, has now ended and a stable rise has begun. On the other hand, of course, there will be intermediate corrections, and the doomsday scenario for crypto still exists with a probability above zero.
So, what are the predictions for XRP Coin? There are three things everyone should watch out for in the medium term. You can clearly see this in the graph below.
The first target is the retransformation of the parallel channel support at $0.58 from resistance back to support. The second target is the start of a move to a new peak that will indicate the end of bear markets by surpassing the middle area and resistance zone of the parallel channel. These levels are $0.74 and $0.93. We will likely see a new peak at $1.357 during the bull market.
What happened to the $3 or even double-digit price targets that some popular accounts exaggerated? They became a joke along with the rapidly increasing circulating supply. If XRP Coin reaches the market cap peak of the 2021 bull run, it will see $1.3. If it sees three times that market cap, it could rise up to $3.9, but BTC’s market cap during the same period would need to exceed $3 trillion. This roughly points to a unit price of $156,000. Impossible? Nothing is impossible in crypto, but the probability of BTC surpassing $156,000 becomes more credible if BTCD runs to historical highs.
How Much Will LUNA Coin Be Worth?
We have often discussed why LUNA Coin is one of the riskiest assets in the market. Let’s look directly at the chart and immediately see the insurmountable resistance at $0.74. If the price can surpass this level in the short term, it could rise towards the second resistance at $0.805.
In the most optimistic scenario, a speculative rise could occur.
