While the overall XRP price prediction this year has been bullish, the recent price surge screams breakout. Analysts are now eyeing a potential breakout towards $10, citing new Proshare ETF approval as a catalyst.
However, while retail traders continue focusing on XRP price prediction, smart money quietly accumulates a new altcoin as the next XRP.
Let’s look into the technical setup to discuss XRP price prediction and why the discovery could be the next altcoin to 100x.
Chart Response To Proshare ETF Approval and Effect of XRP Price Prediction
The XRP price has risen over 17% in the last 2 days after the SEC nod for the Proshare XRP ETF, seeing the price rise from $2.80 to $3.29. This makes XRP one of the top altcoins now with an active ETF in the US, with investors looking at a price breakout.
This new breakout now sees the XRP price clear of the downtrend it has been locked in for the last few weeks, taking the $3 zone as new support. Analysts believe this zone could be a good place for the XRR price to bounce from towards the old ATH at $3.84.
Furthermore, the RSI indicator on the XRP chart is now above 70, signalling a strong uptrend at play. But even with the uptrend at play, market analysis projects the XRP price prediction of $10 might be a case for early next year. This is with a projection that gives a short-term XRP price prediction of $4 to $6, charting the Fibonacci extension.
However, the Proshare Ultra XRP ETF is gaining traction quickly, with high expectations in traded volume on the first day.
Why Remittix Could Be a Better Investment This Year
While XRP price prediction of $6 this year represents a 100% growth from the current support, Remittix is projected for about 10x. The Remittix low cap with its high utility solution is fast becoming the go-to for investors, citing a high reward on breakout. Some of the factors driving this narrative include:
- Crypto to fiat payment to bank accounts in over 30 countries
- Strong presale momentum with over $16.3M raised in a few weeks
- CertiK Audited, ensuring investment security and transparency
Analysts believe the Remittix solution hitting the market could make it the next XRP with real-world use cases in the payment scene. Remittix solution facilitates cross-border payment, enabling users to pay crypto directly into bank accounts as fiat. This solution is fast gaining support from experts who have identified its potential for adoption across the crypto market. Also, 10 users are set to receive up to $25k in the ongoing Remittix giveaway, opening up a way to reward early adopters.
Discover the future of PayFi with Remittix by checking out their presale here:
Website: https://remittix.io/
Socials: https://linktr.ee/remittix
$250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
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