XRP Price Forecast: Can XRP Pump 10x as JetBolt Presale Surges?

XRP XRP $2.21 24h volatility: 1.6% Market cap: $128.96 B Vol. 24h: $4.24 B remains a focal point for crypto investors and analysts as Ripple’s coin faces a series of setbacks that have swung the coin from moderate bullish into more bearish price territory. While XRP hopefuls maintain some longer-term optimism, XRP’s 15.7% price this week cast doubts on the prospects of a 10x price pump anytime soon.

As large cap altcoins like XRP face sluggish growth this Uptober, newer next-generation coins are all the craze. Zero gas and AI coin JetBolt (JBOLT), a new entrant in the crypto space, is amongst the star coins generating increased excitement this month as older coins struggle.

XRP’s Current Market Standing

Ripple’s XRP has seen significant volatility in 2024 with a 15.7% decline over the past week. The downturn is largely attributed to the renewed appeal by the SEC in its ongoing lawsuit against Ripple Labs, which has created uncertainty for XRP.

Historical Precedent: Mirroring XRP’s 2017 Rally

Some of the more optimistic voices in the XRP community point to historical price patterns. After experiencing a sharp decline of over 15% due to these bearish market forces, analysts remain divided about XRP’s potential breakout.

Back in 2017, XRP experienced a period of consolidation within a symmetrical triangle pattern before it broke out and skyrocketed by an astonishing 66.240%, reaching a record high of $3.31.

As of writing, XRP appears to be nearing the apex of a similar triangle formation, as observed in its monthly chart. According to these bullish analysts, historical patterns indicate that such formations often precede strong directional moves, suggesting that if XRP replicates its past behavior, a breakout could result in future growth. 

However, as unpredictable external factors are at play in the XRP saga, it’s difficult to tell if parallels can be drawn between XRP’s present price situation and past surges. 

As the situation unfolds, crypto whales are not standing idly by. In fact, new-generation coins are gaining newfound attention, with newcomers like JetBolt (JBOLT) rapidly capturing the attention of crypto whales and altcoin buyers.

Top Altcoin JetBolt Surges Past $250,000

The presale for JetBolt (JBOLT) has generated significant buzz, shooting past $250,000 and showcasing features such as zero-gas technology and an innovative staking platform that rewards active users. 

This increase in interest highlights a wider trend where crypto users are actively searching for innovative and growing projects in the crypto space. JetBolt’s advanced features, including an AI-powered insights tool, and Zero gas capability, position it as a compelling alternative for those looking for some of the most exciting next-generation cryptocurrencies.

Conclusion: XRP Analysts Hold Diverging Views as JetBolt’s Surge Continues

The coming months could be pivotal for XRP, as analysts studying this storied coin by Ripple advance differing viewpoints. On one hand, some point to historical patterns, discussing parallels with past price movements which could point to a future XRP rise should the right conditions be met. On the other hand, XRP’s bearish price fall and continued uncertainty weigh heavily as Ripple selloffs continue. 

As the market reacts to these developments, not all are fixated on XRP. Uptober has been marked by renewed interest in new-generation coins, with newcomers such as JetBolt gaining increased attention as whales and buyers explore this coin.

Interested to know more about JetBolt? Feel free to check out the official website of JetBolt, X account of JetBolt, and JetBolt’s Telegram channel.

Disclaimer: This content does not constitute financial advice. Always partake in your own personal research before purchasing any cryptocurrency.

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