Cryptocurrency analyst shares bullish outlook XRP pricenative symbol XRP Ledger (XRPL)predicting a potential upside of up to 10,400% with a price target of $60. The analyst also outlined when to expect this predicted price escalate.
XRP price to reach $60 with a projected escalate of 10,400%
WX (formerly Twitter) fasting On August 12, crypto analyst Brett Hill expressed bullish optimism about the future price of XRP. The analyst suggests that XRP could be on the verge of a significant breakthroughwhich could potentially push it to fresh record levels.
He shared a tracking chart XRP Price Fluctuations from March 2023 to 2025. Based on his analysis, the analyst predicts that XRP is ready to reach a price range of $ 50 to $ 60, which will mean a significant escalate of 10,400% from its current value.
While scratching it bullish forecast for XRPHill highlighted XRP’s weekly moving average convergence and divergence (MACD) indicator. This MACD is a trend-following momentum indicator that is used to determine entry and exit points for cryptocurrency traders.
The analyst revealed that this unique indicator currently signals a powerful bullish momentum for XRPstrengthening the potential for price growth to fresh record levels. He further emphasized key level of support at the level of USD 0.5403.
Hill predicted that XRP will potentially rise by $50-$60 if it holds above the aforementioned support level. Since XRP is currently trading at $0.57, well above the key support level, this could mean that a price target of $50-$60 could be achievable in the coming weeks.
The analyst also confirmed that as long as XRP maintains this support levelis well-positioned for “big gains.” Despite his somewhat ambitious and bullish forecast for the cryptocurrency, Hill warns that investors should look out for the resistance level at $0.6836.
He revealed that if XRP manages to break through this barrier, resistance levelThis could potentially trigger a powerful upside impulse that could push the price further upwards.
Analysts remain bullish on XRP after legal win
In the previous post X Hill predicted that XRP Ledger is poised for explosive growth after Ripple’s recent crisis legal victory over the US Securities and Exchange Commission (SEC).
August 8, United States District Court for the Southern District of the United States (USA) fined Ripple $125 million in civil penalties for violating securities laws by selling XRP to institutional investors. Ripple CEO Brad Garlinghouse he sees settlement fee for a significant win, considering that SECTION previously sought a settlement of a staggering $2 billion.
Following the Court’s ruling, analysts and market observers expressed bullish outlooks regarding the future value of XRP. Cryptocurrency enthusiast Amelie revealed that the fresh, clear regulations regarding XRP are intended to pump trillions of dollars into XRPL projects.
In addition, a cryptocurrency analyst identified as “CryptoBull” on X has designed major bullish price target for XRP. According to the analyst, XRP could rise anywhere between $13 and $46 in the next 1 to 18 months.
Featured image created with Dall.E, chart from Tradingview.com
