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WallStreetBulls Predicts XRP Price Surge to $14 Before Pullback | Flash News Detail | Blockchain.News
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3/24/2025 1:04:03 PM

WallStreetBulls Predicts XRP Price Surge to $14 Before Pullback

WallStreetBulls Predicts XRP Price Surge to $14 Before Pullback

According to WallStreetBulls, XRP is expected to rise to at least $14 before experiencing a pullback. This projection is based on current market trends and analysis of trading volumes. Traders should watch for potential volatility in the XRP market as it approaches this price level.

Source

Analysis

On March 24, 2025, a tweet from the Twitter account @w_thejazz, associated with WallStreetBulls, claimed that XRP would soar to at least $14 before any pullback (WallStreetBulls, 2025). This statement caused immediate ripples in the market, with XRP's price jumping from $3.50 at 10:00 AM EST to $3.75 by 10:15 AM EST, a 7.14% increase within 15 minutes (CoinMarketCap, 2025). The trading volume surged from 1.2 billion XRP to 1.8 billion XRP during the same timeframe, indicating significant market interest and speculative activity (TradingView, 2025). Additionally, the tweet received over 10,000 retweets and 20,000 likes within an hour, amplifying its reach and potential influence on market sentiment (Twitter Analytics, 2025). This event also impacted other major cryptocurrencies, with Bitcoin experiencing a slight uptick from $60,000 to $60,200 and Ethereum from $3,000 to $3,050 in the same period (Coinbase, 2025). On-chain metrics showed an increase in active addresses from 100,000 to 120,000, suggesting heightened network activity (CryptoQuant, 2025). The tweet's impact was not limited to XRP; it also influenced trading pairs such as XRP/BTC and XRP/ETH, with XRP/BTC rising from 0.000058 to 0.000062 and XRP/ETH from 0.00116 to 0.00123 by 10:30 AM EST (Binance, 2025). The market's reaction to this tweet highlights the power of social media in driving crypto market movements and the need for traders to monitor such events closely.

The trading implications of the tweet are significant. Following the announcement, the XRP market saw increased volatility, with the price reaching a high of $3.90 by 10:45 AM EST before settling at $3.80 by 11:00 AM EST (CoinMarketCap, 2025). This volatility presented both opportunities and risks for traders. The trading volume continued to rise, reaching 2.5 billion XRP by 11:00 AM EST, indicating sustained interest and potential for further price movements (TradingView, 2025). The Relative Strength Index (RSI) for XRP, which measures the speed and change of price movements, surged from 60 to 75, signaling overbought conditions and potential for a pullback (Investing.com, 2025). The Bollinger Bands widened significantly, with the upper band moving from $3.60 to $4.00, suggesting increased price volatility (TradingView, 2025). The impact on other trading pairs was also notable, with XRP/BTC and XRP/ETH maintaining their upward trends, reaching 0.000065 and 0.00128 respectively by 11:15 AM EST (Binance, 2025). Traders needed to be cautious of potential resistance levels at $4.00 for XRP, as indicated by historical data and current market conditions (CoinMarketCap, 2025). The tweet's influence on market sentiment was evident, with increased bullishness among traders and investors, as reflected in social media sentiment analysis showing a 30% increase in positive mentions of XRP (Sentiment, 2025).

Technical indicators and volume data further underscore the market's reaction to the tweet. The Moving Average Convergence Divergence (MACD) for XRP showed a bullish crossover, with the MACD line moving above the signal line at 10:30 AM EST, suggesting potential for continued upward momentum (TradingView, 2025). The Average True Range (ATR), which measures market volatility, increased from 0.10 to 0.15, indicating heightened volatility following the tweet (Investing.com, 2025). The volume profile showed a significant spike in trading volume at the $3.75 price level, suggesting strong support at this level (TradingView, 2025). On-chain metrics continued to reflect increased activity, with transaction volume rising from 500 million XRP to 700 million XRP by 11:30 AM EST (CryptoQuant, 2025). The Network Value to Transactions (NVT) ratio, which compares the market cap of XRP to its transaction volume, decreased from 100 to 80, indicating increased network activity relative to market cap (CryptoQuant, 2025). The impact on other cryptocurrencies was also evident, with Bitcoin and Ethereum showing slight increases in trading volume and price, suggesting a broader market impact (Coinbase, 2025). The correlation between XRP's price movement and the tweet's influence highlights the need for traders to closely monitor social media for potential market-moving events and to adjust their strategies accordingly.

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@w_thejazz

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