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Cryptocurrency News Articles
XRP Price Prediction: Market Analyst Uses Ichimoku Cloud to Find the Strongest Crypto Chart
Apr 18, 2025 at 09:23 pm
Market analyst Dr Cat has used Ichimoku Cloud dynamics to find the strongest crypto chart in the market. Based on his analysis, the XRP chart shows more potential and strength than Bitcoin, Ethereum, or other altcoin giants.
Crypto market analyst Dr Cat has used Ichimoku Cloud dynamics to find the strongest crypto chart in the market. Based on his analysis, the XRP chart shows more potential and strength than Bitcoin, Ethereum, or other altcoin giants.
According to the crypto analyst, the difference, even without the Ichimomo Cloud, is clear. Plenty of altcoins are already in a bear market on the weekly, including ETH. BTC is struggling to fight back. But XRP bulls still have full control. In response to speculations about a possible new all-time high, Dr Cat responded that everything will become clear by the end of May.
This crypto analyst has also given a medium-term bullish XRP price prediction, which culminates in this token hitting $4.50.
Chart 1 – Provided by Dr Cat, published on TradingView, April 18, 2025
Chart 1 shows a comparison between the price action of XRP and BTC based on the Ichimoku framework. In this weekly chart, XRP has been consistently trading above the Kijun-Sen (baseline) level. Moreover, we see that the price and the Kiju are both under the Tenkan-Sen (conversion line). Such formation usually points to a bullish price movement in the future. This is despite the multi-week consolidation of the XRP token above the Kijun level.
Using the Ichimoku cloud, we can also get an XRP price prediction for May.
In the XRP chart, we can see that Senkō Span A creates an upward-sloping top to the cloud. Additionally, the Senkō Span B also shows a bullish formation, as it goes lower than flat. These patterns also extend to May, leading to the bullish projection for XRP price prediction.
Such formations also convey high trend strength and present a high possibility for a breakout. On the other hand, the weekly chart for Bitcoin shows a bearish picture. The price line is above the Kumo level; however, it has fallen under the Kijun-Sen (baseline). As such, BTC presents a bearish crossover and fragile upward momentum.
There is also some market data that shows the XRP token has been showing better performance compared to ETH. The crypto analyst with the username of @traderview2 has shared a price performance heatmap for XRP vs. Ethereum. Based on this, XRP has performed better in six consecutive months.
As such, based on the information provided and the bullish indicators, XRP is the best crypto investment at present. However, investors should still follow XRP news and any macroeconomic developments, as they might severely affect the markets.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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