The cryptocurrency community has been buzzing over a recent prediction by Brandon Biggs, a Christian leader known for a previous forecast about former U.S. President Donald Trump.
Biggs claims to have received divine revelation regarding the future value of Ripple's XRP cryptocurrency.
Biggs gained recognition for his strangely accurate prediction of an assassination attempt on Trump, which came true in July 2024.
After the event, a video emerged in which Biggs talks about seeking guidance on significant investment opportunities.
He mentions that he believes God directed him towards XRP, foreseeing its potential for substantial price growth comparable to Apple's stock over the years.
Biggs specifically predicts that XRP could reach $10,000 per coin, although a timeframe for this surge remains unclear.
WOW! 💥
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) July 14, 2024
Brandon Biggs, recognized by many as a prophet, predicted the Trump assassination attempt 3 months ago and said this about XRP:
„#XRP WILL GO TO FROM WHERE IT’S AT RIGHT NOW TO $10,000 ONE DAY!“
Video source: https://t.co/fWtDYB4SNx pic.twitter.com/yXiizNTl8a
Keep in mind that Biggs directly advises against making investment decisions solely based on his predictions.
He stresses that his statements should not be taken as financial advice and also discloses that he has minimal personal investment in cryptocurrency.
Current XRP Market Performance
At the time of writing, XRP's price sits around $0.57, reflecting a significant increase from $0.43 in early July.
XRP/USD price chart | CoinGecko
However, to reach the $10,000 mark predicted by Biggs, XRP would require a monumental price surge of over 16,000 times its current value.
Analyst Opinions on XRP's Future
While Biggs' prediction has captured attention, the crypto community holds diverse viewpoints on XRP's future.
Some analysts are buoyed by the recent price surge and identify potentially bullish technical indicators on XRP's price charts.
For example, popular crypto trader Crypto Michael points to a "bullish pennant pattern" forming on XRP's price chart over the past seven years, suggesting a potential breakout.
$XRP Historic Breakout Incoming 📈
— Crypto Michael (@MichaelXBT) July 17, 2024
In all my years of trading crypto I have NEVER seen a 7 year long bull pennant
We might be about to witness one of the most significant breakouts in crypto history pic.twitter.com/X4H5otlcAM
Analyst Amonyx expresses a similarly optimistic view, predicting XRP will reach "a new all-time high this cycle."
Nonetheless, some analysts take a more careful approach. They point out situations where market predictions didn't match reality.
The price of XRP recently fell to the $0.41 support level, a level it previously reached in May 2023.
Initially, this suggested another increase. However, the price didn't perform as expected, causing some analysts to emphasize the importance of closely examining past patterns.
Looking at technical indicators, the recent price movement suggests a potential bullish trend.
The "OBV" (On-Balance Volume) indicator, which measures buying and selling pressure, recently broke its resistance line.
Additionally, the "RSI" (Relative Strength Index), which gauges price momentum, climbed above the neutral 50 level. These indicators suggest strong buying pressure and potential bullish momentum.
Analysts also point to the "mid-range level" of $0.585 as a potential resistance point. If XRP overcomes this hurdle, it could signal an opportunity for buyers to re-enter long positions, anticipating further price increases.
However, some analysts caution against overly optimistic interpretations.
The recent two-month range formation below $0.53 could pose a challenge to the predicted surge.
Also, keep in mind that liquidity pools, which are areas where a lot of buying and selling happens, may have an impact on price changes.
The "liquidity pool" at $0.538 might pull the price in that direction.
Higher resistance levels at $0.7 and $0.77 could also be potential targets. However, to ensure a sustained upward movement, it's essential to break through the middle resistance and turn it into support.
Conclusions
While Biggs' prediction and the optimistic views of some analysts have generated excitement, it's crucial to approach cryptocurrency investment with a well-defined strategy.
Investors should research, consider market trends, and understand risks before investing. This article presents opinions on XRP's future price, but the decision to invest in XRP or any cryptocurrency is up to the individual investor, who should prioritize a balanced approach considering potential rewards and risks.