Renowned crypto researcher CryptoBull has sparked enthusiasm among the bitcoin community in a recent report by projecting a huge rise in XRP’s price, maybe reaching an amazing $154. Pointing to a positive trend, CryptoBull’s estimate has drawn interest even if exact timing of this spike is still hazy.
Emphasizing an increasing spreading wedge pattern, CryptoBull released a striking chart showing an upward trajectory for XRP on a post on X (previously Twitter). The analyst sees XRP breaking out from a parabolic trajectory, therefore driving its price to hitherto unheard-of levels. Adding weight to this positive view, CryptoBull also reflected opinions of two other experts suggesting a near XRP price breakout.
Analysts Bullish, XRP Poised
Among these analysts, Javon Marks stands out since he lately pointed out a positive divergence in XRP’s chart. Previously seeing XRP rising to $200, Marks supported his optimistic view by pointing historical examples and structural changes in XRP’s market dynamics. Inspired by recent improvements in XRP’s market infrastructure, Marks underlined its ability to repeat such enormous gains, referencing the noteworthy price spike in 2017.
Reflecting like-minded ideas, analyst CasiTrades described Ripple possible increasing trend and recommended price goals ranging from $13 to an astonishing $80 Citing Ripple extended six-year consolidation phase, CasiTrades underlined the importance of an approaching breakout from this trend, therefore indicating a possible price surge for the cryptocurrency.
Analyst Jack The Rippler also commented on Ripple future, foresaw a near term spike reaching $100. Unlike other observers, Jack The Rippler linked this expected rise to outside events, most notably the continuous legal conflict between Ripple and the Securities and Exchange Commission (SEC). Jack The Rippler underlined the crucial part regulatory certainty plays in determining Ripple future path, speculating that a resolution in favor of Ripple will set off the price spike of Ripple.
Analyst Egrag Crypto added to the chorus of positive attitudes by stressing technical signals pointing to an Ripple imminent breakthrough. Egrag Crypto projected Ripple price range between $1.2 and $1.5 pointing to the “White Triangle” breakout pattern and important Fibonacci levels. Emphasizing the need of surpassing important resistance levels, Egrag Crypto voiced hope in Ripple increasing momentum and imagined a “mega run” in not too distant future.
Based on data from CoinMarketCap, XRP is now trading around $0.53, slightly declining over 1% over the previous 24 hours notwithstanding these positive forecasts. Still, Ripple is likely to undergo notable price swings in the next days as analysts present a positive future image for the cryptocurrency.
