Crypto expert says XRP looks like a ‘time bomb waiting to explode’
Despite Ripple’s selling spree, which has so far included offloading a total of 350 million XRP from its treasury reserves in September, XRP (XRP) has managed to resist the bearish pressure and has recovered from the brief negative reaction, and one cryptocurrency expert has made a bold prediction. As it happens, XRP looks like a “time bomb waiting to explode” or, in other words, ready for a massive breakout based on its current chart patterns, according to pseudonymous crypto market expert Mikybull Crypto, who has shared this bold prediction in an X post on September 25. $XRP is looking like a time bomb waiting to explode. This cycle will be interesting. — Mikybull Crypto (@MikybullCrypto) September 25, 2024 Why XRP might explode soon Indeed, as XRP’s technical chart indicates, its 50-period simple moving average (SMA) has recently crossed above the 200-period SMA in the ‘golden cross’ pattern that typically suggests a bullish signal, whereas its relative...