Crypto Analyst Predicts XRP Price Will Reach $1.35 As These Metrics Heat Up
XRP has experienced a small decline in value over the past few days, coinciding with a period of consolidation in the broader cryptocurrency market after four weeks of consecutive price increases.
Although data from CoinMarketCap at the time of writing puts XRP being up by 1.78% in the past 24 hours, a larger seven-day timeframe shows it is still down by 8.68%.
On the other hand, price metrics including open interest on futures contracts and a bullish divergence with the RSI indicate the potential for a significant increase in the value of the token in the near future. Crypto Analyst Sees Solid XRP Price Action According to crypto analyst Will Taylor known as Cryptoinsightsuk on social media, XRP is showing signs of bullish momentum that could drive the price up to his target of $1.35.
The analyst took to social media platform X to point out two metrics indicating a bullish price and explain their significance.
Finally, $XRP.$XRP actually looks rather different to the other charts I’ve have just discussed.
We had $100m+ of OI added to the market in the highlighted spike (on the day of the fake ETF news).
Since this time, price has moved down and OI has stayed relatively flat.