The year is moving towards a historical moment for the crypto market, with many crypto assets experiencing a multi-month drawdown. However, according to some analysts’ outlook, April could offer a turnaround, especially for the XRP coin, as many project a bullish XRP price prediction. Furthermore, following the XRP price prediction of a potential breakout in the coming weeks, Panshibi, a new meme coin, is also set to see a 120x surge. Let’s go into the details.
XRP Price Prediction: Is $3.85 A Possibility?
The last few weeks have presented a significant turnaround in the crypto market, with the XRP coin losing much of its earlier profit from the bull run. While the coin saw about 500% growth between November last year and this January, the last few weeks have been a bearish drama, with about 34% loss in the last 30 days. However, analysts’ predictions still show a bullish sentiment, with a speculation of $3.85 by April this year. This XRP price prediction offers a reversal from the current bearish roll, turning the price around by about 90% above its current position.
Following XRP Price Action And Historical Data To Identify a Possible Reversal Point
One significant historical data that has caused a major drawdown for XRP in the past is the SEC case, which cast doubt on the coin’s future in the last few years. However, with recent changes in the SEC leadership, the case is nearing an endpoint. Interestingly, the recent SEC report suggests an ease in crypto laws, which could add to the growing confidence in the coin. Following the recent XRP price prediction, the price action is a good point for identifying possible reversal levels and a point of entry for new investors. Although the daily chart shows the current price of $2.02 as support, this does not present a strong support level from which the coin can bounce. This is because it just broke out below the crossover of the 7- and 100-day SMA, which could blow the XRP price. However, a top view using the monthly chart shows we might be heading for stronger support at $1.93. Looking up from the support shows little resistance, indicating that the XRP price prediction might be filled faster than expected from the $1.93 support.
What Factors Are Working Towards The Panshibi 120x?
The Panshibi meme coin focuses on driving an actual community meme coin with themes drawn from Asia. It combines the widespread love for the beloved Asian Panda and a strong reliance on Asian culture to create a meme coin many believe could be the top coin from Asia this year. However, this new meme coin has been generating strong hype lately because of its approach to ensuring that it is truly rewarding, using the presale to build its community and reduce volatility. And if there is one thing meme coins are good at, it’s the potential to see a strong rally due to their engaging community. However, with the Panshibi strategy, there is a projection of a high rally but low dump with the Panshibi meme coin. The presale has started for a few weeks, with the price already scaling 3 stages and now selling at $0.005 in the fourth stage. This stage offers an incredible entry as it ensures investors get the lowest price possible on the Panshibi meme coin. There is a projection of a 120x potential growth on the Panshibi coin after launch. Don’t miss out on this opportunity today; take action now!
Join the Panshibi ($SHIBI) presale and community:
Telegram:
https://t.me/panshibi
Twitter:
https://x.com/panshibi_
Website:
https://panshibi.com
