Crypto analyst Abiodun Oladokun says XRP is running towards this year’s highs. The analyst also predicts that WLD is poised for a run to the top of the last six months. Analyst Victor Olanrewaju predicts a strong run for a leading altcoin Ethereum rival.
XRP price prediction: Traders will watch these levels!
XRP’s selling pressure is bearish. This signals the continuation of the bull trend, as evidenced by the negative exchange flow volume. Negative exchange flow volume for an asset indicates that more of the asset is moving from exchanges to wallets. According to Santiment’s data, 39 million XRP exited exchanges on Tuesday. This is a bull signal for the altcoin. Because when more tokens come out of exchanges, there is less supply available for immediate sale. This reduces selling pressure and supports the price to rise.
XRP is trading at $0.64 at the time of writing. If the bullish momentum continues and demand for XRP continues to increase, it is possible that the price could soon break the key long-term resistance of $0.66. Breaching this level has proven to be difficult. Moreover, XRP has failed to break above this level twice since July. A successful breakout and subsequent retest of this resistance would pave the way for XRP to target its year-to-date high of $0.74.
WLD price forecast: Six-month peak in the cards for the altcoin!
As you have been following from Kriptokoin.com, World Coin, the digital identity project founded by OpenAI’s Sam Altman and powered by iris scanning technology, expanded its reach this November by launching in more than 40 countries, including recent entries in Costa Rica, Poland and Austria. This rapid expansion has attracted significant interest in the WLD token, resulting in a notable price increase.
At the time of writing, WLD stands just above the resistance level of $ 2.44. The rising Chaikin Money Flow (CMF), currently at 0.22, confirms the high demand for the altcoin. CMF measures the flow of money in and out of an asset. When above zero, it signals market strength and high liquidity inflows. If buying pressure continues, the $2.44 resistance could become a support base and set the stage for WLD to target $3.61. Successfully breaching this level would likely extend the altcoin price rally to a six-month peak of $5.40.
ADA price forecast: First $0.70, then over $1!
From an on-chain perspective, Inflow/Exit of Money Around Price (IOMAP) shows that ADA is trading at a point where thousands of addresses have accumulated $1.24 billion in tokens. IOMAP categorises addresses based on their purchase price. It also shows whether addresses have unrealised profits or losses. This metric is also crucial for identifying support and resistance. Typically, the higher the volume or cluster, the stronger the support or resistance. The chart below shows that ADA has strong support at the $0.59 level, where 87,950 addresses bought about 1.79 billion tokens. This figure is higher than the volume purchased between $0.61 and $0.69. Therefore, it is possible for the altcoin price to exceed these levels and rise to $0.70 in the short term.
Moreover, the technical perspective also supports this move. On the weekly ADA/USD chart, the altcoin broke out of a descending triangle. A descending triangle is a bearish pattern characterised by a downward sloping upper trendline and a flatter, horizontal lower trendline. When the price falls below the lower trendline, further corrections are likely to occur. In ADA’s case, however, the price has moved above the sloping upper trendline. Therefore, this suggests that the altcoin price will rise further. If this is the case, Cardano’s bull run could extend into next year, with the price possibly rising by about 127% to $1.34.
The opinions and forecasts in the article belong to analysts and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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