Analysts anticipate a positive future for the XRP price, predicting its price to rise to nearly $2 by July. This surge will be driven by technical signals and market conditions.
The positive sentiment stems from Ripple’s legal progress and the upcoming Bitcoin halving, with projections hinting at XRP potentially hitting record levels surpassing $5.85.
XRP Price Forecast: Analysts Bullish on Ripple Amid Market Surge
XRP, Ripple’s cryptocurrency, hasn’t seen the same huge price jumps as Bitcoin, Solana, Ethereum, Shiba Inu, and others recently. XRP is trading around $0.64 as per CoinmarketCap data. In the last 2 weeks, the XRP price has increased by around 10%.
Many analysts believe that Ripple’s XRP will soon catch up and enter a significant bull run in the coming weeks.
According to Dark Defender on X, Ripple closed February on a strong resistance level, hinting at a possible “monthly breakout.” He predicted that XRP’s value could soar to nearly $2 by this July.
EGRAG CRYPTO agrees with this prediction. Since September 2022, XRP has consistently closed above the 21 Exponential Moving Average. This suggests the potential for a “more aggressive and strong upward move” in the future.
EGRAG CRYPTO recommended that investors remain steady, indicating that if XRP maintains a monthly candle above the $2 mark, it could see a significant surge.
Factors such as the upcoming Bitcoin halving in April and the looming trial between Ripple and the US SEC also suggest that XRP might be gearing up for a rally.
XRP Predictions
EGRAG CRYPTO has been quite bullish on XRP lately. He suggested that XRP could go through four phases and hit $1.40 by April.
Meanwhile, Dark Defender has been even more optimistic, predicting that XRP might surpass important resistance levels of $0.62, $0.77, and $0.91 by the end of next month. Analysts also believe that its value could eventually skyrocket to an all-time high of $5.85.
