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XRP Set For Major Upswing: Top Analyst Reveals Timing For $10-$20 Price Milestone

XRP, the cryptocurrency associated with Ripple, has been locked in a lengthy period of consolidation, trading between $0.300 and $0.600 for the past seven years. 

Despite a brief surge during the 2021 bull run that saw XRP reach a three-year high of $1.9 in April, the token has since returned to its range, lacking the bullish momentum to overcome upper resistance levels. 

However, some crypto analysts are now predicting a major uptrend for XRP in the coming months, potentially propelling it to new heights.

Analysts Anticipate XRP Breakout

A technical analyst using the pseudonym “U-COPY” on the social media site X (formerly Twitter) suggests that XRP could experience significant movement between May 15 and August. 

U-COPY points out that XRP has been slowly moving up from its previous low at $0.46 and is nearing the end of a long triangle formation, which has been in accumulation since 2018. 

The analyst believes that XRP’s real potential will be revealed in the fully formed bull cycle, with the token possibly experiencing substantial growth by the end of the year.

Supporting this bullish outlook, another analyst, Armando Pantoja, proposes that the crypto bull run could begin in September or October 2025, with XRP potentially reaching a price of $0.75. 

Pantoja further suggests that if former US President Trump wins the election and the Securities and Exchange Commission (SEC) eases its stance on cryptocurrencies, XRP could be propelled to higher levels. 

This change in regulatory dynamics, combined with the ongoing legal battle between Ripple and the SEC, may increase the likelihood of XRP gaining approval for an exchange-traded fund (ETF) similar to Bitcoin. 

Pantoja outlines a price range of $1-2 for an XRP ETF announcement in early 2025. If interest rates are cut multiple times during the same period, XRP could potentially reach $5-10. Ultimately, Pantoja predicts the possibility of XRP hitting $10-$20 by the fourth quarter of 2025 or the first quarter of 2026.

‘Buy the Dip’ Opportunity? 

According to market intelligence platform Santiment, The XRP Ledger (XRPL) has recently witnessed a notable increase in the movement of dormant tokens, signaling a potential shift in market dynamics for the token. 

Coinciding with the opening of May, the company’s Token Age Consumed metric reveals a spike in the transfer of old coins, reminiscent of a similar occurrence in April, just before a significant downturn in the market. During that period, XRP experienced a sharp decline in value, dropping by 16%.

However, in contrast to the previous event, Santiment suggests that there is a “compelling argument” that this current surge in old coin movement might be attributed to the interest of key stakeholders looking to “buy the dip.” 

Furthermore, it is worth noting the growing open interest in exchanges, which has recently reached a three-week high. This uptick in open interest indicates increased active positions in XRP, potentially reflecting growing market participation and heightened trading activity.

Considering these factors together—the surge in dormant token activity, the potential buy-the-dip interest from key stakeholders, and the rising open interest on exchanges—there appears to be a shift in sentiment surrounding XRP. 

XRP

At press time, the seventh-largest cryptocurrency trades at $0.5020, down over 7% in the past week alone and 1% in the past 24 hours. 

Featured image from Shutterstock, chart from TradingView.com 

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XRP To Hit Zero Against BTC? Veteran Trader Cites ‘Pure Classical Charting’

In a recent analysis shared via X, Peter Brandt, regarded as one of the leading experts globally in applying classical charting techniques to trading futures, foreign exchange, and crypto markets, suggested that the XRP to Bitcoin (XRP/BTC) exchange rate could potentially hit zero. Brandt’s analysis applies traditional techniques inspired by pioneers such as Schabacker, Edwards, and Magee to forecast this drastic trend.

Brandt stated, “From a pure classical charting point of view (that is, Schabacker, Edwards, Magee) this chart looks like it is headed toward Zero. XRPBTC”

XRPBTC analysis

Why Brandt Thinks XRP Is Going To Zero Vs. BTC

The chart indicates a troubling trajectory for XRP when priced in Bitcoin, with key support levels being consistently tested over time. The weekly chart showcases a series of peaks and troughs with notable highs in 2017 and a sharp decline from 2018 onwards.

Recently, the XRP/BTC ratio has been hovering around a crucial support line, illustrated by a dashed horizontal line on the chart. Notably, the chart shows XRP/BTC experiencing significant volatility over the years. After reaching highs in 2017 at 0.00025 BTC, it has been on a general downtrend, especially notable after September 2018. “XRPPBTC has lost 70% of its value since the Nov 2017 post,” Brandt commented.

A critical historical support level for the digital asset is highlighted by Brandt at around 0.000007 BTC (black line), which the market is currently testing. The continuation of the bearish trend might break this support.

Moreover, two moving averages are depicted on the chart. The 8-week SMA (Simple Moving Average) is currently at 0.00000838 BTC, while the 18-week SMA stands at 0.00000990 BTC, indicating bearish momentum as the price is below both averages.

The Relative Strength Index (RSI) on the chart, with a 14-week period, is at 28.80, which is near the oversold territory. This might usually suggest a potential for price recovery, yet the persistent bearish sentiment depicted suggests caution.

Peter Brandt’s assertion that the XRP/BTC ratio could be “headed toward Zero” comes from observing the continued failure of the price to rebound from key support levels and the downtrend remaining intact without signs of reversal. His commentary reflects a stark outlook for XRP when compared against Bitcoin, emphasizing the importance of these technical levels in predicting future movements.

In a follow-up post on X, Brandt doubled down on this claim, stating, “It is actually fun poking a stick at XRP_aholics. My comparison is to BTC, not USD, so here is what I don’t understand. How can XRP bulls be so insistent in that XRP is near ATLs vs BTC, and, in fact, has only closed higher than present levels in 6 of the last 126 months?”

At press time, XRP traded at $0.49845.

XRP price

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XRP Surges 12% As Bulls Take Charge, Expert Raises Target To $1.4

XRP has shown notable signs of renewed bullish momentum in the market. It bounced back from a significant 11% price drop on April 12th, which took the token to its lowest level of the year at $0.4230. 

However, last week saw a solid 12% price recovery, with XRP outperforming the other top 10 altcoins in the market, behind only Solana (SOL) and Binance Coin (BNB). 

Signs Of A Strong Bullish Trend Ahead For XRP? 

On Tuesday, XRP hit a high of $0.5571, demonstrating its bullishness and outperforming its peers. This resurgence was paired with a spike in wallet activity, a positive sign for the token’s overall market sentiment. 

According to the network intelligence platform Santiment, the number of wallets holding at least 1 million XRP has steadily increased over the past six weeks, rising by 3.1%. It is now just one wallet away from reaching an all-time high (ATH).

XRP

In addition, crypto analyst Ali Martinez reported a notable buying spree among XRP whales, who purchased over 31 million tokens in the past week alone. This has contributed to the cryptocurrency’s price recovery, emphasizing renewed confidence in its uptrend prospects.

Regarding price action, market analyst Egrag Crypto points out that XRP has formed a double bottom pattern, considered a strong bullish signal. This pattern, combined with the transition of the consolidation zone into a supply zone and the wicking area into a demand and accumulation zone, indicates a promising outlook for the token, according to the analyst. 

Egrag Crypto is confident that a significant price spike or “thrust” is imminent, and the analyst has updated his target to $1.4 for XRP. 

Critical Resistance Levels To Watch 

Despite initial bullish outlooks for XRP, the token has retraced to the $0.5474 price level as of the time of writing, accompanied by a 14% decrease in market capitalization over the past 30 days.

Moreover, as XRP aims to reach higher levels, potential resistance barriers may impede the token’s recovery and the bullish trend. Analyzing the XRP/USD chart below reveals the immediate resistance at $0.5644, which has prevented consolidation above current levels for the past week.

XRP

After that, the final obstacle before a retest of the $0.600 zone lies at the $0.5884 level. This level previously served as a support floor for the token, leading to a rebound during the uptrend seen in March, which took XRP to its yearly high of $0.745.

Conversely, monitoring the support levels at $0.52910, $0.5184, and $0.5044 is crucial. If a bearish scenario develops in the coming days, these levels may prevent XRP from falling below $0.500.

Featured image from Shutterstock, chart from TradingView.com

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Analyst Outlines XRP Price Scenarios Ahead Of Ripple-SEC Case Update

In a chart analysis shared via X, the crypto analyst Dark Defender provided insight into the potential price movements of XRP ahead of this week’s Ripple-SEC case update. The analysis, conducted on a monthly time frame, reveals that XRP has been holding above a critical support trend marked in blue. With the crypto community’s eyes set on the new Ripple filings expected next week, there’s a mix of anticipation and caution.

XRP Price Enters Potentially Crucial Week

Dark Defender notes that although market news does not typically have a direct correlation with price movements, the “last puzzle piece” pertaining to the Ripple case may add a layer of enthusiasm to the market sentiment surrounding XRP. The question posed is: What could happen if XRP fails to maintain its position above the blue support line?

XRP price analysis

According to the analysis, if XRP breaks below this blue support line, it will likely approach the two critical Fibonacci retracement levels at $0.4623 (38.2% retracement level) and $0.3917 (23.6% retracement level). These figures are derived from the swing high and low points on the chart, traditionally considered potential support levels where the price could stabilize or bounce back.

In the context of the current chart, a drop below these levels, particularly if the price closes under $0.3917 for two to three days consecutively, would invalidate the bullish five-wave structure that Dark Defender suggests could propel XRP to a high of $5.85. On the flip side, should XRP reclaim the 61.8% Fibonacci level at $0.6044, it could signify a first step towards a strong upward move.

Between the price range of $0.6649 and $0.3917, any price movement is considered a sideways trend. A breakout above the 70.2% level at $0.6649 would likely confirm a bullish trend, with the analyst highlighting this as a significant threshold for a positive price trajectory. Above this level, XRP would then eye the next Fibonacci extension levels of $1.8815 (161.8% extension) and potentially $5.8563 (261.8% extension), which are ambitiously projected targets.

The chart also highlights a “Main Resistance Trend” line that has capped the price since the peak of early 2018, and the current price action is pinched between this descending resistance and the ascending support trend lines, forming a converging pattern that traders often interpret as a potential breakout signal.

A breakout could be the first bullish indication of a larger rally, with at least one monthly close above the line required. In the past, several attempts at a breakout have failed, and even one monthly close was followed by a fall back below the trendline the following month.

Ripple Vs. SEC: What To Expect This Week

Ripple Labs is gearing up to file its response to the US Securities and Exchange Commission’s (SEC) remedies briefing on April 22, a pivotal moment in their protracted legal battle. This response from Ripple is in reaction to the SEC’s briefing that put forth potential remedies including disgorgement of profits derived from XRP sales and civil penalties. The financial stakes are high, with the SEC calculating fines that could reach around $2 billion, claiming that Ripple engaged in an unregistered securities offering with its XRP sales.

The legal and financial communities expect Ripple to mount a formidable defense against the SEC’s claims. Key to this counter-argument will be undermining the SEC’s assertion of the necessity for disgorgement, given the alleged lack of demonstrable financial harm to XRP purchasers. Furthermore, Ripple is likely to leverage favorable recent legal decisions and regulatory developments, aiming to weaken the SEC’s position.

According to the schedule, Ripple is expected to submit a public redacted version of its opposition brief along with associated declarations and exhibits today, if these materials are devoid of any SEC-designated confidential information. If confidentiality is a concern, Ripple will file the documents under seal and submit a redacted public version by April 24. Following this, the SEC will have the opportunity to reply, with their response anticipated to be filed under seal by May 6.

At press time, XRP traded at $0.53.

XRP price

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Analysts Say XRP Price Is Ready To Breakout, Here Are The Targets

Crypto analyst Egrag Crypto has stated that a breakout could be on the horizon for the XRP price. He also outlined price targets that the crypto token could hit if this price breakout were to happen successfully. 

XRP Price Could Rise To As High As $0.78

Egrag mentioned in an X (formerly Twitter) post that the next price target for XRP is between $0.702 and $0.786. However, the crypto analyst failed to give a timeline for when this price breakout could happen. He also raised the possibility of a short-term move to the downside but quickly added that it has no impact on XRP’s long-term trajectory. 

Regarding XRP’s long-term target, the accompanying chart that Egrag shared showed that XRP could still rise to $7.5 at some point. The crypto analyst labeled this price level as a “critical target level,” possibly in relation to higher price targets that Egrag believes XRP can attain before this bull run ends. The crypto analyst has, at different times, predicted that XRP could rise to as high as $27 at the peak of this market cycle. 

The $27 price prediction no doubt seems ambitious, and XRP holders are more likely to set their focus on Egrag’s more conservative prediction of $5. The crypto analyst recently boldly claimed that XRP is “guaranteed” to see as much as a 1000% gain on its way to a new all-time high of $5.5.

Egrag further mentioned that the crypto token will begin to experience its rise to the $5 price range between this month and July. Interestingly, Egrag boldly asserted in January that XRP would reach $5 in the next 90 days, meaning that the crypto token is meant to attain this price level sometime this month. 

Will April Be Another Unfulfilling Month For XRP Holders?

XRP holders will be cautious about getting their hopes high despite Egrag’s bullish predictions, which could be actualized this month. These investors had many expectations for XRP in March, with crypto analysts like Crypto Rover predicting earlier that XRP would experience a “massive breakout” last month. 

However, that did not happen, as XRP maintained a relatively tepid price action even when the broader crypto market enjoyed significant gains at different points in March. XRP’s underperformance last month further underlined its rather unimpressive price action since the beginning of the year, with a year-to-date (YTD) price loss of over 4%. 

At the time of writing, XRP is trading at around $0.58, down in the last 24 hours according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Crypto analysts)

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Crypto Analyst Predicts 600%-1000% Return For XRP, Here’s The Target

A cryptocurrency analyst has predicted a massive price surge for XRP, anticipating the cryptocurrency to witness a more than 600% increase. Despite its historically sluggish growth, XRP has begun to gather momentum, showing potential to experience major price growth during the 2024 bull run. 

Price Projected To Soar Above $5

A crypto analyst identified as Egrag Crypto has taken to X (formerly Twitter) to predict an exponential price surge for XRP. According to Egrag Crypto XRP is “guaranteed” to experience a 600% to 1000% increase to new all-time highs around $5.5. 

Basing his predictions on XRP’s historical data from 2017, the analyst shared a chart illustrating XRP’s price movements over the years. He delved into the cryptocurrency’s minimum and shortest price pumps observed when the 21 Exponential Moving Average (EMA) crosses the 55 Moving Average (MA).

The crypto expert disclosed that in 2017, the altcoin witnessed a significant price surge of approximately 902.85%, driving its price to $0.0646 at the time. Around 2021, the cryptocurrency recorded another pump, surging by about 585.29% to trade above the $1 price mark. 

Following historical trends, XRP is anticipated to undergo a substantial surge of 585.20%, reaching a price level of about $3.26 in 2024. The analyst has revealed that if XRP manages to achieve a 900% or 585% price pump, it could potentially rise even further to $5.5 or $4, respectively. 

On the flip side, Egrag Crypto has disclosed that if XRP fails to achieve an all-time high of $5 to $10 during the 2024 bull cycle, the cryptocurrency may not experience a bullish surge until the next bull run. Despite this, the analyst has remained confident in XRP’s potential to attain triple-digit gains and reach new all-time highs soon. 

When Will XRP Witness A $5.5 Price Surge?

When asked by a crypto community member about the timeline for the price of XRP to potentially rise to $5.5, Egrag Crypto boldly affirmed that the window of uptick lies between April and July 2024. He urged the XRP army to brace themselves for this potentially bullish period, emphasizing a strong belief for XRP to surge to unprecedented heights.

Despite its recent price drops, the sentiment surrounding XRP has remained positive, with many crypto analysts predicting bullish price movements for the cryptocurrency. At the time of writing, XRP is trading around $0.61, reflecting a decline of 1.77% over the last 24 hours and 3.93% over the past week, according to CoinMarketCap. 

While the cryptocurrency has successfully crossed resistance levels above $0.5, it is still a long way from surpassing its all-time high of $3.84 recorded in 2018.

XRP price chart from Tradingview.com

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Crypto Analyst Predicts XRP Price Will Rally 800% To $6, Here’s When

The XRP price continues to disappoint investors who expect that it would’ve crossed $1 by now since Ripple’s battle with the United States Securities and Exchange Commission (SEC) is nearing its end. However, this has not discouraged investors and traders who believe that there are big things in store for the altcoin.

Crypto Analyst Predicts XRP Will Reach $6

Pseudonymous crypto analyst Mikybull has been bullish on the XRP price for a long time, taking to X (formerly Twitter) to, once again, reiterate their stance that the altcoin is going to do well. At the start of March, Mikybull had put forward an analysis that showed that the XRP price is primed for an over 800% run.

At the time, the crypto analyst pointed out that XRP had broken out of a symmetrical triangle, which is bullish for the price. A similar breakout had taken place back in 2017 which led to an over 1,000% increase in the price, and Mikybull references in the analysis. However, like the rest of the crypto market, XRP ended up dipping as the Bitcoin price crashed from $73,000 to $61,000. But now that the market is starting to recover, the crypto analyst believes that the altcoin is primed for a big move.

Over the course of March, Mikybull has consistently talked about this prediction, especially as the price retested various resistance points. Then, on Monday, March 25, the crypto analyst shared another chart showing that the XRP price has completed its retest and is ready to move upward.

Mikybull shared that the targets for this move lie between $1 and $6, with the upper end of this target being an 833% move from its current price.

When Will The XRP Price Hit This Target?

While Mikybull does not present a particular timeframe in their analysis, the charts shared provide some insight into when they expect this move to occur for XRP. Just like in 2017, the crypto analyst expects the rally to take place in the same year as the breakout from the symmetrical triangle, which means it could happen this year.

The breakout could happen toward the middle of the year and this would mean that it would happen after the Bitcoin halving is completed. This is not surprising given that the Bitcoin halving is regarded as the ultimate bull signal and altcoins rally once Bitcoin’s price picks up.

Presently, the XRP price is showing a lot of strength after rallying 11.73% in the last week. It is currently trading at $0.648 at the time of writing, with a market cap of $35.5 billion, which makes its the 6th-largest cryptocurrency by market cap.

XRP price chart from Tradingview.com

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Crypto Analyst Says XRP Price Is Headed For $27 As 2017 Pattern Emerges

Popular crypto analyst EGRAG CRYPTO, known for his very bullish stance on XRP, has predicted that the XRP price is headed for $27 as a pattern from 2017 emerges again. The analyst made this prediction known in a recent post on social media to reflect that XRP is now mimicking a historical cross between the 20 and 50 Simple Moving Averages.

Interestingly, with XRP currently trading at $0.6079 amidst a lull market gain, EGRAG’s prediction represents a surge of over 4,300% from the current price levels. 

Analyst Points To Similarities Between 2017 And Current Market Conditions

A detailed look into EGRAG’s technical analysis points to a cross between the 20 SMA and 50 SMA, with the former crossing above the latter. Interestingly, this cross dates 50 bars on the weekly candlestick time frame, around 350 days ago.

Now, he pointed out that this scenario has only happened twice throughout XRP’s history with two different outcomes, and XRP could now go on the path of either outcome or it could play out something new in the coming days.

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The first time this type of cross happened between the two moving averages was in 2017. However, the price of XRP continued to consolidate for 49 weekly bars before going on a rapid and aggressive price surge to reach its current all-time high of $3.84. EGRAG called this ‘Cycle A’, likening the price action to a “rocket ship-style pump.”

The second time this type of cross occurred was in 2021. In this cycle, which he called ‘Cycle B,’ XRP went on a smaller consolidation for 32 bars before going on a lesser price surge than that of Cycle B. EGRAG believes that the current cycle, which he called “Cycle C,” mirrors that of Cycle A more than Cycle B, as there are no evident similarities in the patterns between the 20 SMA and 50 SMA. 

EGRAG, in his continuous spirit of ultra-bullishness, forecasted that the current cycle might break out by a factor of 10 times bigger than the one that was seen in Cycle A, which would indicate a target of $27. 

What’s Next For XRP Price?

EGRAG is one of the few crypto analysts who are still optimistic about XRP’s future. In a former analysis made in December 2023, he noted various scenarios of how XRP could surge past $1 in the first quarter of 2024 amidst a bull run ushered in by Spot Bitcoin ETFs.

Although the introduction of these ETFs undoubtedly attracted capital to the cryptocurrency space and propelled Bitcoin to yet a new record high, XRP’s price hasn’t increased all that much.

XRP crossed over $0.73 on March 11 for the first time since November 2023 but has been on a downfall since then with the formation of lower highs and lower lows. However, things could change into a strong bullish momentum very soon if XRP bulls continue to hold above the $0.6 price support. 

XRP price chart from Tradingview.com (Crypto)

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Crypto Expert Reveals Why XRP Price Will Rise 1,700% To $10

Despite concerns about the XRP price performance in this market cycle, this crypto expert has elaborated on why he believes the crypto token will still record significant gains. He even predicts that XRP could rise to as high as $10. 

Why XRP Price Could Rise To As High As $10

Nick, the founder of Web3Alert, mentioned in an X (formerly Twitter) post that his price range for XRP in this market cycle is between $5 and $10. According to him, this is possible considering that there are predictions that ETH will rise to between $7,500 and $10,000 and Bitcoin will rise to between $100,000 and $150,000. 

Nick noted that the XRP price rising to between $5 and $10 would put its market cap at $500 billion and 1 trillion, respectively. That puts the crypto token’s market cap in a similar category to that of Bitcoin and Ethereum, which could be valued as high as $2.9 trillion and $1.2 trillion if their price predictions are fully actualized. 

In other words, Nick argues that XRP hitting these prices is not farfetched since there is still much room for growth for the two largest crypto tokens by market cap, Bitcoin and Ethereum. As those two tokens continue to increase in price, he expects XRP to follow suit. Interestingly, he opined that his XRP prediction is “conservative,” suggesting XRP could go way higher. 

Following Nick’s assertion, another X user remarked that comparing XRP to Bitcoin and Ethereum seemed out of place since BTC and ETH’s price prediction is just a 2x, unlike XRP, which will need to see a 10x in its price to hit those targets. Nick responded that this simply shows that XRP is undervalued and presents a great ROI opportunity in this cycle. 

The Belief In XRP’s Potential

Nick joins a list of crypto analysts who have expressed optimism about XRP’s potential in this market cycle despite its underperformance to start this bull run. Crypto expert Zach Rector also recently shared his belief and gave reasons why XRP is still bound to perform well in this bull market. 

Although he didn’t give any price prediction, he alluded to XRP’s fundamentals as one reason why he holds this belief. Meanwhile, technical analysts like Egrag Crypto have also made bullish price predictions for XRP heading into this market cycle. Egrag has even gone as far as suggesting that the XRP price could rise to as high as $27 at the peak of this bull run. 

At the time of writing, the XRP price is trading at around $0.58, down over 3% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Crypto expert)

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Is Ripple Behind The XRP Price Crash? Massive Selling Spree Sparks Concern

Ripple’s occasional sale of XRP tokens has always been pinpointed as one reason for XRP’s tepid price action. Once again, the crypto firm’s recent offloading of a significant amount of XRP has raised concerns about its negative effect on the crypto token. 

Ripple Offloads 240 Million XRP

On-chain data shows that Ripple transferred a total of 240 million XRP tokens to an unknown address in two separate transactions. The first transaction occurred on March 5, when it sent 100 million XRP to the address in question. Then, on March 13, the Ripple wallet again transferred 140 million XRP to this address. 

These transactions have raised eyebrows, and members of the XRP community are contemplating whether these sales might have been the reason XRP’s price crashed recently. Notably, the crypto token rose to as high as $0.74 on March 11 before seeing a sharp correction. 

It is worth mentioning that XRP’s price crashed on March 5, the day the first transaction was carried out. Data from CoinMarketCap shows that the crypto token, which was trading as high as $0.65 on the day, dropped to as low as $0.55 on the same day. However, it remains uncertain whether or not Ripple’s action was directly responsible for this price dip.

Meanwhile, XRP’s price was pretty stable on the day the second transaction occurred, although it was still declining from its weekly high of $0.7, recorded on March 11. The impact of Ripple’s XRP sales on the market continues to be heavily debated among those in the XRP community. 

Pro-XRP crypto YouTuber Jerry Hall previously claimed that Ripple was suppressing XRP’s price with its monthly sales. However, there has also been a report that Ripple’s sale doesn’t impact prices on crypto exchanges. 

If Not Ripple, Then Who?

Ripple’s price action defies logic, especially considering that the token’s fundamentals and technical analysis suggest it is well primed for a parabolic move. That is why talks about possible market manipulation continue to persist. It is also understandable that all fingers instantly point to Ripple since they are the largest XRP holders. 

However, if Ripple is indeed not responsible for XRP’s stagnant price action, then there needs to be another explanation for why XRP has continued to underperform. Although the crypto token has continued to rank in the top 10 largest crypto tokens by market cap, it is worth mentioning that it is one of few tokens that has a negative year-to-date (YTD) gain. 

At the time of writing, XRP is trading at around $0.61, up in the last 24 hours according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Ripple)

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Crypto Expert Reveals Why XRP Is Primed For Growth In This Bull Market

Despite XRP lagging in this early stage of this bull run, crypto expert Zach Rector has shared his belief and given reasons why the crypto token is still bound to perform well. He went as far as ranking the token up there with Bitcoin to drive home his point on why the token will make a run soon enough. 

“XRP Will Not Miss This Bull Run”

Rector mentioned in an X (formerly Twitter) post that XRP will not miss this bull run. In the accompanying video, the crypto expert highlighted the crypto token’s fundamentals as one of the reasons he holds this belief despite XRP’s tepid price action. Rector further claimed that the token and XRP Ledger (XRPL) have some of the best fundamentals in the crypto space. 

Rector even challenged his followers to mention any other crypto token with a better fundamental than XRP. According to him, Bitcoin is the only other token that comes close to XRP in that regard. His statement echoes the sentiments of Ripple’s CEO Brad Garlinhouse, who recently stated the importance of real-world utility in driving a crypto’s growth. 

Meanwhile, Rector alluded to XRP’s recent pump as a sign of the great things to come for the crypto token. On March 11, XRP climbed to as high as $0.74 before seeing a sharp correction. However, the community will hope Rector’s conviction is correct, considering that XRP didn’t make any significant statement in the 2021 bull run.  

As Rector noted, community members’ faith in the token is fast waning, and there is a belief that a repeat of the altcoin’s sluggish 2021 run will ultimately erode this faith. XRP getting close to or surpassing its all-time high (ATH) of $3 will be a great place to start if it is to make a run in this bull run. 

Time For Price Predictions To Come True

Crypto analysts like Crypto Rover and Egrag Crypto had before now made bullish price predictions for XRP, which are meant to be actualized sometime around this period. On his part, Crypto Rover predicted that the altcoin would see a “massive breakout” this March. Meanwhile, Egrag predicted that XRP will rise to $5 between now and April. 

Other analysts like Dark Defender have also fuelled expectations for XRP this period. Dark Defender, in particular, recently stated that the next target for toke is the $1.33 price mark and that the $1.88 and $5.85 Fibonacci targets could be attained in the upcoming weeks. 

At the time of writing, XRP is trading at around $0.686, down over 1% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com

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Crypto Analyst Says XRP Price Could Rocket 2,300% To $14.6, Here’s How

The XRP price has now managed to position itself above the $0.6 psychological level, as the entire crypto market waddles in bullish action in the past month. Popular crypto analyst Dark Defender has predicted an interesting price point for XRP, revealing that the crypto could reach $14.61 if the XRP/BTC pair reaches a record high.  

XRP Could Skyrocket 2,300%

Dark Defender’s recent analysis of XRP’s price trajectory is based on its past performance against Bitcoin on the XRP/BTC pair. A deep dive into the XRP/BTC chart shared on X by the analyst reveals that XRP has been underperforming against Bitcoin since the middle of 2023. XRP has been down 60% against Bitcoin since August 2023. Recent market dynamics have further exacerbated its underperformance against Bitcoin, as Bitcoin continues to push against various price levels to reach a new all-time high.

Interestingly, Dark Defender noted that the price action of the pair has now reached a support which will determine XRP’s price trajectory in the coming months. The so-called support has the characteristics of the formation of higher lows since 2015 and is now at the 0.00000914 level.

The price chart noted a bounce over this support to usher in an incoming breakout of epic proportions to the current high of 0.00024351. The last time a bounce happened, XRP would go on to overperform Bitcoin by over 5,000% throughout 2017 and early 2018. “It will be the awakening of 6 years,” the analyst said.

When asked for an XRP price point, Dark Defender clarified that the XRP/BTC pair increases only when XRP appreciates against BTC. In the scenario that BTC starts to perambulate around the $60,000 price level, a surge in the XRP/BTC to the 0.00024351 level would relate to XRP reaching $14.61. In the scenario that Bitcoin reaches $100,000 and sticks around this price level, XRP could trade for over $20 with the same all-time high on the XRP/BTC pair. 

With XRP now trading at $0.6205, a surge to $14.61 and $20 would mean an increase of 2,250% and 3,120%, respectively, from the current price level. 

Continued Bullish Sentiment For XRP Price?

Other crypto analysts have predicted bullish price points for XRP in the near future. For example, Crypto analyst Jaydee highlighted XRP breaking out of a six-year trendline which could mean a further move to the upside.

In another technical analysis using the Elliott Waves theory, Dark Defender predicted XRP to reach $1 in March, a level that it hasn’t attained since May 2021.

XRP price chart from Tradingview.com

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Crypto Analyst Says XRP Price Could Rocket 2,300% To $14.6, Here’s How

The XRP price has now managed to position itself above the $0.6 psychological level, as the entire crypto market waddles in bullish action in the past month. Popular crypto analyst Dark Defender has predicted an interesting price point for XRP, revealing that the crypto could reach $14.61 if the XRP/BTC pair reaches a record high.  

XRP Could Skyrocket 2,300%

Dark Defender’s recent analysis of XRP’s price trajectory is based on its past performance against Bitcoin on the XRP/BTC pair. A deep dive into the XRP/BTC chart shared on X by the analyst reveals that XRP has been underperforming against Bitcoin since the middle of 2023. XRP has been down 60% against Bitcoin since August 2023. Recent market dynamics have further exacerbated its underperformance against Bitcoin, as Bitcoin continues to push against various price levels to reach a new all-time high.

Interestingly, Dark Defender noted that the price action of the pair has now reached a support which will determine XRP’s price trajectory in the coming months. The so-called support has the characteristics of the formation of higher lows since 2015 and is now at the 0.00000914 level.

The price chart noted a bounce over this support to usher in an incoming breakout of epic proportions to the current high of 0.00024351. The last time a bounce happened, XRP would go on to overperform Bitcoin by over 5,000% throughout 2017 and early 2018. “It will be the awakening of 6 years,” the analyst said.

When asked for an XRP price point, Dark Defender clarified that the XRP/BTC pair increases only when XRP appreciates against BTC. In the scenario that BTC starts to perambulate around the $60,000 price level, a surge in the XRP/BTC to the 0.00024351 level would relate to XRP reaching $14.61. In the scenario that Bitcoin reaches $100,000 and sticks around this price level, XRP could trade for over $20 with the same all-time high on the XRP/BTC pair. 

With XRP now trading at $0.6205, a surge to $14.61 and $20 would mean an increase of 2,250% and 3,120%, respectively, from the current price level. 

Continued Bullish Sentiment For XRP Price?

Other crypto analysts have predicted bullish price points for XRP in the near future. For example, Crypto analyst Jaydee highlighted XRP breaking out of a six-year trendline which could mean a further move to the upside.

In another technical analysis using the Elliott Waves theory, Dark Defender predicted XRP to reach $1 in March, a level that it hasn’t attained since May 2021.

XRP price chart from Tradingview.com

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Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean?

Wall Street veteran Shannon Thorp has publicly admitted that her earlier bullish price projections for the XRP price have expired. The forecast, which had previously been a source of speculation and expectation within the XRP community, has fallen short of realization, leading market observers to further reflect on XRP’s price dynamics.  

XRP Price Prediction Falls Flat

On Friday, March 1, Thorp took to X (formerly Twitter) to announce that her earlier ambitious forecast of XRP had come to an end. The Wall Street veteran acknowledged that her predictions had fallen flat, describing the unfortunate outcome as a “bittersweet” situation.

Previously, in July 2023, Thorp had made a bold prediction of XRP, projecting that the price of the cryptocurrency would surge between $100 to $500 in four to seven months. The Wall Street expert had provided critical analysis and statistics to back her projections, highlighting XRP’s potential for gaining more liquidity strength and achieving widespread adoption in the financial sector. 

Now in March 2024, almost seven months after Thorp’s price prediction and analysis, XRP has failed to attain the projected $100 price mark. At the time of writing, the cryptocurrency is trading below $1 at $0.62, according to CoinMarketCap. 

Since last year, the price of XRP has struggled to keep up with the market’s bullish trends and has been consolidating around the price of $0.50 for months. However, recently, the cryptocurrency witnessed a surge in its value after breaking through crucial resistance levels around the $0.6 price mark. The unexpected price gain has heightened anticipation for a significant price movement, suggesting a potential uptrend during this bullish period.

Wall Street Expert Remains Optimistic

After acknowledging the unmet $100 XRP price prediction, Thorp highlighted XRP’s accomplishments, underscoring the cryptocurrency’s resilience in overcoming challenges that could have severely disrupted other digital currencies under similar circumstances. 

According to the Wall Street veteran, XRP has shown its immense potential by enduring an extensive lawsuit filed by the United States Securities and Exchange Commission (SEC). She revealed that XRP has continued to prevail, holding its title as one of the top 10 cryptocurrencies despite facing multiple adversaries and regulatory hurdles during its developmental and advancement stages. 

“Are we really to believe that XRP will fail? Well, I refuse to believe that because still to this day, I know what I hold,” Thorp stated. 

Despite her predictions not coming to fruition, the Wall Street veteran has remained optimistic about XRP’s prospects, staying consistent with her support for the cryptocurrency and its development team.

XRP price chart from Tradingview.com

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Wall Street Expert Says $100 XRP Price Prediction Has Expired, What Does This Mean?

Wall Street veteran Shannon Thorp has publicly admitted that her earlier bullish price projections for the XRP price have expired. The forecast, which had previously been a source of speculation and expectation within the XRP community, has fallen short of realization, leading market observers to further reflect on XRP’s price dynamics.  

XRP Price Prediction Falls Flat

On Friday, March 1, Thorp took to X (formerly Twitter) to announce that her earlier ambitious forecast of XRP had come to an end. The Wall Street veteran acknowledged that her predictions had fallen flat, describing the unfortunate outcome as a “bittersweet” situation.

Previously, in July 2023, Thorp had made a bold prediction of XRP, projecting that the price of the cryptocurrency would surge between $100 to $500 in four to seven months. The Wall Street expert had provided critical analysis and statistics to back her projections, highlighting XRP’s potential for gaining more liquidity strength and achieving widespread adoption in the financial sector. 

Now in March 2024, almost seven months after Thorp’s price prediction and analysis, XRP has failed to attain the projected $100 price mark. At the time of writing, the cryptocurrency is trading below $1 at $0.62, according to CoinMarketCap. 

Since last year, the price of XRP has struggled to keep up with the market’s bullish trends and has been consolidating around the price of $0.50 for months. However, recently, the cryptocurrency witnessed a surge in its value after breaking through crucial resistance levels around the $0.6 price mark. The unexpected price gain has heightened anticipation for a significant price movement, suggesting a potential uptrend during this bullish period.

Wall Street Expert Remains Optimistic

After acknowledging the unmet $100 XRP price prediction, Thorp highlighted XRP’s accomplishments, underscoring the cryptocurrency’s resilience in overcoming challenges that could have severely disrupted other digital currencies under similar circumstances. 

According to the Wall Street veteran, XRP has shown its immense potential by enduring an extensive lawsuit filed by the United States Securities and Exchange Commission (SEC). She revealed that XRP has continued to prevail, holding its title as one of the top 10 cryptocurrencies despite facing multiple adversaries and regulatory hurdles during its developmental and advancement stages. 

“Are we really to believe that XRP will fail? Well, I refuse to believe that because still to this day, I know what I hold,” Thorp stated. 

Despite her predictions not coming to fruition, the Wall Street veteran has remained optimistic about XRP’s prospects, staying consistent with her support for the cryptocurrency and its development team.

XRP price chart from Tradingview.com

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Crypto Analyst Predicts XRP Price To Break Out Of Bull Pattern, Here Are The Targets

Crypto analyst World of Charts mentioned that the XRP price is set to experience a significant breakout, which means that the crypto token could soon make a run of its own. Based on the analyst’s prediction, XRP could see its price triple when that happens.

How XRP Price Could Rise To $3

As highlighted by World of Charts, XRP has experienced a “very long consolidation of “symmetrical triangle“, but that could change as the 3-day timeframe suggests that a breakout will occur soon enough. The analyst predicts that XRP will rise to as high as $3 when this breakout happens.  

This isn’t the only indicator painting a bullish narrative for the crypto token, as crypto analyst Jaydee recently revealed that XRP had broken out of a six-year trendline. Interestingly, the analyst also hinted that XRP would hit $3 with this breakout occurring. Meanwhile, these predictions have undoubtedly revived the bullish sentiment on the crypto token.

XRP hitting $3 is possible, considering that its all-time high (ATH) stands at $3.80. Bitcoin hitting a new ATH also paves the way for altcoins to make a run of theirs and surpass their current ATH. 

XRP also looks long overdue for a new ATH since its ATH came in 2018. The crypto token didn’t see any significant gains in the 2021 bull run, possibly due to the regulatory uncertainty, which made it less attractive to investors. Having now achieved legal clarity, XRP looks set to make a comeback in this market cycle. 

Another Bullish Indicator For XRP

Crypto analyst Egrag Crypto recently highlighted XRP’s three-month chart and noted it was very bullish for the crypto token. He laid out a scenario where XRP could rise to “double digits in no time and three digits” at the peak of this bull run. In the accompanying chart he shared, Egrag hinted at XRP hitting $27 and eventually rising to $107.  

The $27 mark is one target the crypto analyst has mentioned at different times as his peak XRP price prediction for this market cycle. However, the $107 mark is a new development and will definitely catch the XRP community’s attention. 

Meanwhile, Egrag added that buying below the $1 mark will soon be a dream, and those who bought below $0.50 will “be seen as GODS in the future.” He had previously suggested that XRP would not go below the $1 again once it breaks that resistance level. 

At the time of writing, XRP is trading at around $0.60, down over 5% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com (Crypto analyst)

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XRP Price Set To Hit $1 In March: Crypto Analyst

In a recent technical analysis update, the crypto analyst known as Dark Defender provided insights into the price movements of XRP against the US dollar. The analyst employs the Elliott Wave Theory to dissect the price movements of XRP. This approach, rooted in the psychological patterns of market participants, illustrates price trends through a distinct 5-3 wave cycle.

This includes five waves following the primary trend direction and three corrective waves. According to Dark Defender, XRP is exhibiting an uptrend since January of 2023, undergoing an “ABC” correction phase from November 2023 to February 2024. This phase set the stage for a new bullish wave sequence.

XRP Price Eyes $1 By End Of March

The current market dynamics of XRP are encapsulated in a wave pattern marked from (1) to (4), as per Elliott Wave principles. The initial wave peaked on February 16, 2024, reaching close to $0.58, showcasing a strong market sentiment as the subsequent second wave’s retracement was modest, halting at $0.525 rather than fully reverting to the starting point of wave (1).

XRP is currently navigating through Wave (3), which is often the longest and most powerful, indicating a potential surge towards the $0.81 mark. The forthcoming Wave (4) is expected to be corrective, with a projection of a dip to around $0.75, leading into a final thrust in Wave (5) targeting the $0.9191 to $1 range by late March.

Notably, Dark Defender’s analysis also incorporates Fibonacci retracement levels, further refining the predictive accuracy by identifying potential market support and resistance points. The price of XRP has recently surpassed a significant resistance level, which was previously identified as a downtrend line (red) stemming from point (B) on the chart.

This breakout indicates a strong bullish signal, as the resistance turned into a support level. Dark Defender highlighted that the resistance has been “Eliminated,” suggesting that prior price ceilings are no longer restricting upward movement.

However, a notable challenge lies ahead with the 161.8% Fibonacci level at $0.6462, which has already repelled the price on several occasions. Overcoming this barrier is crucial for sustaining Wave (3)’s momentum. The analysis forecasts an ambitious breach above the 261.8% Fib level at $0.7707 during Wave (3), albeit with an anticipated correction below this threshold in Wave (4), using the November 2023 high as a pivotal support marker.

For traders, these insights underscore the importance of monitoring Fibonacci levels and wave patterns to gauge future movements. Nonetheless, the subjective nature of wave analysis necessitates corroborative evidence from other technical indicators for a holistic market outlook.

To this end, Dark Defender has referenced additional technical tools, including the Moving Average Convergence Divergence (MACD), the Ichimoku Cloud, and the Relative Strength Index (RSI). Although the analysis does not visually detail these indicators, the commentary suggests that all three support a continued bullish trend for XRP, reinforcing the prediction of an ongoing uptrend. He stated, “Checking MACD, Ichimoku & RSI indicators, XRP is expected to continue the uptrend as we predicted.

At press time, XRP traded at $0.65216.

XRP price

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CEO Of Blockchain-Focused VC Firm Predicts XRP Price Will Reach $10

Oliver Michel, founder and CEO of German-based venture capitalist firm Tokentus Investment AG, has given a bullish price prediction for the XRP price. According to him, XRP could hit $10 soon enough. 

XRP Price To $10 Is Just The Beginning

Michel mentioned during an interview with Der Aktionär, a leading German finance magazine, that he expects XRP to rise to between $5 and $10 in the first wave of its parabolic move to the upside. Interestingly, he added that XRP would eventually hit three to four figures and didn’t seem worried about XRP’s current price action. 

Meanwhile, Michel revealed that he is invested in the XRP tokens as he has them both in his family office and with his company, Tokentus. The same applies to Ripple shares, which he stated he purchased through an SPV (Special Purpose Vehicle). 

Michel is no stranger to the XRP ecosystem, considering that his company partnered with Ripple last year in an effort to grow and increase the adoption of the XRP Ledger (XRPL). During the interview, Michel also offered his thoughts on Ripple as a “professional company” and sounded so bullish on what the crypto firm was building with its Payment service. 

He used the opportunity to elaborate further on how Ripple was simplifying cross-border transactions with the help of the XRPL and XRP tokens. Ripple is known to settle these transactions through its blockchain, with XRP serving as the utility token, and these XRP tokens are then converted to the fiat currency of the recipient’s choice. 

XRP To Become The “World Reserve Bridge Currency”

Michel stated that XRP could become the “world reserve bridge currency” once countries implement their CBDCs (Central Bank Digital Currency). Ripple’s XRPL is already being touted as the go-to chain for CBDC settlements. The crypto firm had also revealed that they were already actively working with more than 20 Central banks on CBDC initiatives. 

The Tokentus founder also believes it won’t be long before other Central banks fall back on Ripple to help them implement their CBDCs. He noted that the pressure was piling up on these banks to act now to avoid an impending economic collapse. XRP is expected to play an integral role when this all happens. 

Ripple’s XRPL also looks set to act as the intermediary between all these CBDCs when the time comes. Bitcoinist once reported how the network’s clawback feature boosts the prospects of CBDCs being implemented on it. 

At the time of writing, XRP is trading at around $0.58, down over 1% in the last 24 hours, according to data from CoinMarketCap. 

XRP price chart from Tradingview.com

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Crypto Analyst Reveals Why Most Realistic XRP Price Lies Between $13 And $39

The future of the XRP price has been a hot topic of contention among crypto analysts for a while now. Most of these analyses focus on the possible movements of the price as the bull market unfolds, as well as possible price targets. In the same vein, crypto analyst CryptoBull has presented their own bull case for the altcoin, giving the most realistic price targets.

Long Time Price Channel Shows Realistic Price

In the analyst CryptoBull posted on X (formerly Twitter), he shows the historical price movement of the altcoin going as far back as 2014. The analyst uses this to deduce the possible trajectory of the XRP price in the coming months using the XRP price channel.

According to CryptoBull, using this data, the most realistic price for the altcoin currently sits somewhere between $13 and $39. ”The long-term price channel shows the most realistic #XRP price between $13 and $39 in the coming months!” CryptoBull stated.

While the lower end of this channel of $13 was more realistic, the upper end of $39 has drawn criticism from the community. In response to CryptoBull’s prediction, another X user, Ben McClymans, said it was “crazy talk.” This is because for XRP’s price to reach $39 per coin, then its market cap would have to be larger than that of Ethereum, which is currently the second-largest cryptocurrency in the market.

However, other community members jumped to the defense of XRP, reminding Ben that the market cap of XRP had actually flipped Ethereum before. Given this, they believe that it is possible that it will end up flipping to Ethereum once again.

XRP Price Performance Worries Investors

The XRP price performance over the last few years has worried investors because while other altcoins were hitting new all-time highs, XRP continued to struggle. However, this is understandable given that the United States Securities and Exchange Commission (SEC) sued Ripple in 2020, which adversely affected XRP’s performance.

The XRP price had crashed off the back of the announcement alone and did not recover as well as expected. There is a light at the end of the tunnel, though, as the lawsuit with the SEC seems to be coming to an end. The court looks to be leaning toward a settlement, which would put an end to the case once and for all.

To get an idea of what could happen with the XRP price when the lawsuit is over, we can take a look at what happened when Ripple secured a partial victory over the SEC in 2023. After Judge Analisa Torres declared that XRP programmatic sales did not qualify as securities, XRP jumped more than 60% in a single day.

The lawsuit is currently the biggest hindrance to the XRP price performance, and expectations are that the price will surge once it’s over. If it does so, then CryptoBull’s prediction could end up playing out.

XRP price chart from Tradingview.com

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XRP Forms Buy Signal, Analyst Predicts Surge To This Target

An analyst has explained that the XRP price has formed a buy signal that may lead to the cryptocurrency surging up to this target.

XRP Weekly Price Has Formed A TD Sequential Buy Setup

In a new post on X, analyst Ali discussed how the weekly price of XRP has recently shown a TD Sequential buy signal. The “Tom Demark (TD) Sequential” refers to an indicator in technical analysis that’s generally used for pinpointing locations of probable tops and bottoms for any commodity’s price.

The TD Sequential has two phases. In the first phase, called the setup, candles of the same polarity are counted up to nine. Once these nine candles are in, the indicator gives a signal of reversal for the asset. Naturally, the direction in which such a reversal would go depends on the type of candles that lead to the setup’s completion.

If green candles resulted in the setup’s formation (that is, the prevailing trend was to the upside), the price could be assumed to have run into a probable top. Similarly, red candles would imply a likely bottom may have now been hit by the asset.

The second phase, the countdown, begins once the setup is done. It works very much like the setup, except for the fact that it lasts for thirteen candles instead of nine. Once the countdown is also over, the price could be considered to have attained another point of probable reversal. This time around, the XRP 7-day price has formed a TD Sequential pattern similar to the former.

Below is the chart shared by Ali that shows this setup that has appeared for the asset:

XRP TD Sequential

As displayed in the graph, the XRP weekly price finished the TD Sequential setup with nine red candles recently. This would imply that the indicator has given a buy signal for the coin.

It would also appear that the indicator’s effect might already be in action, as the cryptocurrency has been heading up overall since it completed the buy setup.

“If XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65,” says the analyst. From the current price of the asset, such a potential run towards $0.65 would mean an increase of more than 22% for the coin.

XRP Price

XRP has had a poor last week as the asset is down 5% over the period, with its price dropping to the $0.53 level. This means that the asset is still far from the $0.57 threshold the analyst pointed out as a possible bullish catalyst.

The chart below displays how the cryptocurrency has performed recently:

XRP Price Chart