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Crypto analyst Alan Santana shared his expectation of a rise in XRP price and had previously predicted a breakthrough in crypto asset charts. With the recent surge in the crypto market, it turns out the analyst was right. After his prediction came true, Santana commented on what the next move for XRP would be.
Predicting the XRP Price Rally
On October 13, Santana shared a chart explaining the XRP price performance. In the shared chart, the crypto asset’s price was trading at $0.48. Interestingly, at the time of sharing this chart, the decision regarding the lawsuit filed by the SEC against Ripple‘s founders had not yet been announced.
In his initial post, Santana commented on the “great timing” to buy at the then XRP price, and it turned out he was right. The crypto analyst made his second price update on October 16. Despite the price increase, he mentioned that XRP has high growth potential.
Santana made his latest statement on October 20, stating that after the SEC’s charges against Ripple executives were dismissed, “the doors for a 150% rally in XRP have opened.” XRP has not yet reached this 150% target. However, it has experienced a 7% increase compared to its initial price of $0.48.
The Future of XRP Coin
The analyst stated in his latest analysis that “XRP shows no signs of weakness.” According to the analyst, XRP price demonstrates a strong position amidst the significant upward movement in the crypto market.
The analyst expressed his belief that the upward movement will continue. In this upward movement that could reach the expected 150% price increase, XRP could rise up to $0.6 before encountering resistance.
Santana made the following comment:
Just as the graph managed to predict a Ripple victory and a major XRP rally before the event happened… The graph once again says, ‘forget the skeptics, there is a higher peak ahead!’
As predicted by the analyst, after surpassing the $0.55 level, XRP encountered resistance and experienced a small pullback. In the last 24 hours, the price has increased by 0.67%. According to 21milyon.com, it has raised its market value to over $29.4 billion with a weekly increase of 9%. The daily trading volume has also witnessed a 200% increase.
