The recent market recovery has seen the XRP price rise We are trying to break the $2.5 level again, which could lead to a continuation of the uptrend. While all eyes remain on the $3 level that now needs to be reclaimed, there are bullish expectations for the altcoin. The XRP price, despite recent crashes, is expected to reach new all-time highssurpassing the peak of $3.8 that has lasted for more than seven years years now.
What happens if the XRP price regains momentum?
The pseudonymous crypto analyst ‘Guy on the Earth’ has done that shared an analysis of the XRP price that shows the possibilities that lie ahead for the cryptocurrency. So far, the altcoin has continued to consolidate after its 2024 rally. Now that it has been stuck in a consolidation trend for almost a year and the market is picking up, it is possible that the XRP price is finally poised for a breakout.
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One thing that stands out here is the fact that the The XRP price continued to maintain higher lows due to the consolidation trend. This indicates that while the direction may have been downward, the overall sentiment still pointed to a possible recovery and upward trend.
Given all this, the breakout from the consolidation phase is expected to be massive. This could be similar to what was experienced in November 2024, when the XRP price rose more than 600% before reaching a top.
The analyst expects XRP to enter an essentially “euphoric phase” and its price is expected to reach $6. This would translate into a price increase of over 100% and brand new all-time highs for the first time since 2018.
The bears are still lurking
While most indicators still point to bullishness, there is still the possibility of the bears taking control again. The biggest problem would occur if the XRP price fell below $2, which would set the tone for the next wave of declines.
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The crypto analyst emphasizes that a drop below $2 would mean that the bull rally is over and the bear market is in sight. In the worst case, the XRP price would enter a longer consolidation trend, causing it to fall to $1.
Currently, it is important that the XRP price reaches $3 with momentum. putting the bulls in charge. And if the Bitcoin price continues to rise, it could send the entire market into another bull run.
Featured image of Dall.E, chart from TradingView.com