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- Pro Trader The Great Mattsby predicts XRP could surge by approximately 60,000% by 2028.
- The Great Mattsby relies on Gann Theory and Bollinger Bands for his bullish XRP analysis.
Based on technical analysis, the price of XRP is once again trending positively. The forecast this time comes from The Great Mattsby, a professional trader and chartist. In two interconnected tweets, Mattsby sees a technical chance for the price of XRP to rise by nearly 60,000%, perhaps reaching $250 per coin by 2028.
XRP Price Predictions: Technical and Non-Technical Insights
Unlike other traders who use indicators like RSI and MACD, Mattsby bases his analysis on mathematical calculations and Gann Theory.
A $250 $XRP by 2028??
So a ±60000% $XRP does line up with the math of that green angle, which was also a very important support and resistance angle in the past (highlighted). Proof that its not impossiblehttps://t.co/LDzEiKjz5Z pic.twitter.com/v0qHTg9MFv
— The Great Mattsby (@matthughes13) July 11, 2024
He noted that the potential is consistent with the math of a specific green angle, which has traditionally been a critical support and resistance angle. This historical relevance, as shown in his analysis, demonstrates that such a surge is not implausible.
Mattsby also uses the Bollinger Bands indicator to discover a similar pattern on the one-month chart that appeared right before XRP’s prior price jumps.
Despite these encouraging technical indicators, the lack of a higher high on the monthly chart, which only shows lower highs, may result in continued consolidation for XRP price. This suggests that non-technical considerations, like the outcome of the Ripple-US Securities and Exchange Commission legal lawsuit and real-world adoption, must also be considered.
Previously, we reported Web3 Enabler, which integrates XRP payments into the Salesforce platform via an open-source app. Furthermore, CNF highlighted that Ripple could secure another victory after the Inspector General discovered a conflict of interest with its opponent in the case.
Meanwhile, XRP is trading at $0.4456, up 1.92% over the last 24 hours on a trading volume of $894.46 million. This upward momentum, backed by technical insights and continuing events, indicates that XRP remains a focal point in the cryptocurrency market.
