XRP Could See Massive 11,745% Increase in Weeks, Says Top Analyst – The Crypto Basic

Prominent analysts are predicting that XRP will form a huge green candle in the coming weeks, boosting its value by 11,745%, but skepticism is also growing.

A week has passed since the conclusion of the 3.5+ year long litigation surrounding XRP and Ripple, and the price of XRP remains stable at around $0.56. XRP has fallen 2% in the past day and 6.4% in the past week.

Taking a longer-term perspective, XRP is trading at 10% lower than the price it sold for a year ago. Despite this prolonged period of unremarkable price fluctuations, crypto analyst Amonyx boldly claims that XRP has rather reached what he describes as a “giant green god candle.”

Massive Green God Candle Pushes XRP to $57

He recently met X. Share The weekly chart of XRP suggests that the asset may paint a huge green candlestick over a period of eight weeks, or 56 days, during which time he expects the value of XRP to rise by a staggering 11,745% to hit a price level of $57.

In particular, crypto analysts often speculate that “god candles” emerge after an extended period of asset consolidation at lower levels followed by increased pressure. They expect these giant candles to make up for the pressure that has built up from days of underperformance.

Meanwhile, Ammonix is ​​not the first analyst to point out that a “God Candle” could appear on XRP’s weekly chart. A few weeks ago, analyst Dusty BC wrote: published a similar observationHowever, his prediction was that XRP would reach $30.

Skepticism grows over XRP’s God Candle

Nearly three months have passed since this bullish observation, and XRP has yet to fully break out of the $0.50 range that was in when DustyBC made this suggestion.

Interestingly, market participants have taken note of this unmet forecast and others like it, which has raised doubts about Amonyx’s latest God Candle proposal.

“Maybe one day someone will say something right.” X user Xeowold commented: Another commenter Scott sarcastically added: attention If he were given a dollar for every time someone made this prediction over the past four years, he’d already be a billionaire.

Meanwhile, commenter Mehmetemin Tekin drove home an important point by pointing out that XRP and Ripple just won a nearly four-year-long legal battle that threatened their existence, yet XRP’s price remains unchanged, as if nothing significant had happened.

“Unfortunately, if XRP is at $0.58 despite the court win, there is no reason for it to rise any further.” Tekin Submitted.