Crypto analyst CryptoBull has highlighted targets XRP could achieve while seeing double digits. The analyst is confident that the altcoin can achieve these goals, noting that the current price action is a reflection of the previous bull run.
XRP eyes rise to $11 and then $70
In one X messageCrypto Bull stated that the next surge will take XRP to $11 and the final wave will take the altcoin to $70. This came when he noticed that the price pattern mirrors the previous bull run, with the only difference being time, which he says makes sense as the altcoin needs longer accumulation to reach higher prices.
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The analyst also indicated that it could take a year of accumulation for XRP to reach the $11 price target, meaning the final surge to $70 could take much longer. This prediction comes despite the current decline in the crypto market XRP trading below the psychological price level of $2.
Despite the current bearish sentiment, crypto analyst CW has stated that too that the XRP rally is about to begin and the road to $21.5 is just the beginning. He noted that this is the phase 4 peak, while the first goal is for the altcoin to break its flow all-time high (ATH).
His accompanying chart showed that XRP could reach this $21 target 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 X Finance Bull recently highlighted the CLARITY Act and Trump’s tariffs as factors that could boost XRP demand and lead to higher prices for the altcoin.
He expects the CLARITY Act to boost demand for XRP, especially as Trump’s Crypto Czar predicts more banks will get into crypto once the bill passes. X Finance Bull predicts that XRP will be the sign of choice for these banks, based on his belief that Ripple will provide the rails to get on board.
XRP breaks out of the multi-year triangle
Crypto analyst XForce revealed in a X message that XRP breaks out of the largest 6+ year triangle in history, yet people still call it a fake-out. He added that he is not a permabull or permanbear on the altcoin, but he follows trends and plays macro outbreak patterns. Its accompanying chart indicated that XRP was about to make a move to the upside, with a potential rally above $11.50.
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On the lower time frame, crypto analyst Chart Nerd mentioned that XRP is currently coming out of a two-week period falling wedge structure. He noted that this is a bullish reversal pattern that could send the altcoin back to $2.40 in the short term, as this is where the wedge formed. He highlighted a key resistance between $2.13 and $2.20, which the altcoin must break above to confirm a reversal.
At the time of writing, the XRP price is trading around $1.92, up in the past 24 hours, according to facts from CoinMarketCap.
Featured image of Peakpx, chart from Tradingview.com