The CryptoBull analyst highlighted this goal XRP can reach what it looks like in double digits. The analyst is confident that the altcoin can achieve these goals, noting that the current price action reflects its previous bull run.
XRP Eyes Rally to $11 and then $70
In Post XCrypto Bull stated that the next push will take XRP to $11 and the last wave will take the altcoin to $70. It happened when he noticed it price pattern mirrors the previous bull run, the only difference being that it is timed, which he believes makes sense because the altcoin needs longer accumulation to reach higher prices.
The analyst also indicated that XRP could take a year to accumulate to reach its $11 price target, meaning the final wave to $70 could take much longer. This prediction comes despite the current decline in the cryptocurrency market, with XRP trade below psychological price level of $2.
Despite the current bearish sentiment, cryptocurrency analyst CW also declared that the XRP rally is about to begin and the road to $21.50 is just the beginning. He noted that this is the peak of Phase 4, while the first goal is for the altcoin to break the current current highest level ever (ATH).
The attached chart showed that XRP could reach the target level of $21 by the end of the year. Meanwhile, there is a possibility that the altcoin will rise above $100 in the next Phase 1, which could happen next year. Crypto expert The X Finance Bull was recently highlighted the CLARITY Act and Trump’s tariffs as factors that may augment demand for XRP and lead to higher altcoin prices.
He expects the CLARITY Act to augment demand for XRP, especially since Trump’s Crypto Car predicts more banks will enter cryptocurrencies after the bill’s passage. X Finance Bull predicts that XRP will be the preferred choice for these banks, based on his belief that Ripple will provide the means to implement them.
XRP breaking out of the multi-year triangle
XForce cryptocurrency analyst revealed in Post X that XRP is breaking out of the biggest triangle of over 6 years in history, even though people are calling it a scam. He added that he is not a permabull or permanbear on altcoin, but he follows trends and plays macro breakout patterns. The accompanying chart indicated that XRP is on the verge of rising, with a potential rise above $11.50.
In lower time frames, cryptocurrency analyst Greyhound Nerd stated that XRP currently lasts two weeks descending wedge structure. He noted that this is a bullish reversal pattern that could take the altcoin back to $2.40 in the brief term as a wedge has formed there. He highlighted the key resistance between $2.13 and $2.20 that the altcoin will need to break above to confirm a reversal.
At the time of writing, XRP is trading at around $1.92, up over the last 24 hours, according to data from CoinMarketCap.
Featured image from Peakpx, chart from Tradingview.com
