- XRP has surged to $2.24, with experts urging traders to hold at least 10,000 tokens to potentially achieve financial freedom.
- Bullish technical patterns and analyst forecasts suggest a breakout to new all-time highs could be on the horizon.
XRP is back in the spotlight. On April 23, the cryptocurrency surged by 7% to trade at $2.24, setting off alarms in the crypto community that Ripple might be on the brink of a historic rally. This bullish momentum comes after the token shattered key technical barriers, sparking optimism among investors and analysts alike.
Crypto expert Edo Farina has added fuel to the fire with a bold claim: owning at least 10,000 XRP could be the gateway to financial freedom. With the current price, that’s a $22,400 investment—high risk, but potentially high reward.
Also read: Ethereum Price Surges 15% as Market Dominance Rebounds from All-Time Lows
Farina’s strategy banks on XRP outperforming the broader market. If XRP revisits its all-time high above $3—or pushes beyond it—holders of 10,000 tokens could be staring at gains north of $8,000 or more. But that’s just the beginning if bullish forecasts play out.
Analyst DonAlt also chimed in, saying XRP could break above $2.72 if it holds strong above $2.15. Another respected analyst, Ali Charts, pointed to a bullish inverse head and shoulders pattern, indicating a breakout could be imminent if XRP clears resistance at $2.40.
From a technical standpoint, XRP recently flipped its 50-day Exponential Moving Average (EMA) at $2.19, a key sign that bulls are taking control. The Relative Strength Index (RSI) has also crossed 50, the highest in nearly two months, signaling rising momentum.
Still, it’s not all blue skies. Should XRP dip back below $2.20, this bullish thesis could quickly unravel, paving the way for a pullback. As with any crypto investment, risk management is crucial.
So, is now the time to hold 10,000 XRP? If the bullish outlook proves correct, early adopters may find themselves well-positioned. But as always, timing the market is a risky game—one that could pay handsomely or burn those unprepared for volatility.
