- Crypto analyst Jonathan Carter predicts a potential rise in XRP price to $1.68, given certain market conditions.
- Other analysts also foresee a bullish future for XRP, with predictions even surpassing the $2 mark.
- Despite the current market downtrend, these predictions offer hope for a potential trend reversal for the crypto token.
Analysts predict a bullish future for XRP, with potential price increases to $1.68 and beyond. Amidst a market downtrend, these predictions offer hope for a trend reversal.
XRP Price Predicted to Rise to $1.68
Crypto analyst Jonathan Carter has predicted that the XRP price could rise to $1.68. Carter noted in a post that the XRP price was “bouncing from the lower trendline of a symmetrical triangle on the weekly chart.” He claimed that a successful breakout above the triangle would signal a bullish outlook for the crypto token, with $0.93 and $1.68 mid-term targets if this happens.
Analysts Offer Hope Amidst Market Downtrend
Like the broader crypto market, XRP is also experiencing a downtrend. However, Carter’s prediction offers hope that the crypto token will soon see a trend reversal. Crypto analyst XRP Captain also seems to hold this belief, as he recently shared a post in which he stated that an XRP breakout was on the horizon. XRP Captain highlighted a symmetrical triangle on XRP’s chart and hinted that XRP could rise above $2.6. Crypto analyst Jaydee agreed with this prediction and replied to XRP Captain’s post, stating, “It’s coming! Glad we loaded up heavily at 0.44 and 0.50! Zero emotions!”
XRP’s Road To Double Digits
Crypto analyst Egrag Crypto recently predicted that the XRP price could rise to double digits soon. He claims that there is “a mini pump to $1.5 and major pump to $5.89 in the cards.” According to him, this macro pump could be so parabolic that it will cause XRP’s price to soar above double digits. Analyzing the charts, Egrag noted two ways XRP’s parabolic rise could happen. He claims that if XRP’s price action follows the white triangle, the crypto token will break out to the upside, possibly rising to $1.5 during this rally. He added that this will begin a “significant macro breakout” that coincides around Fib 0.786. Meanwhile, XRP moving along the blue triangle could propel the crypto token to $5.89, coinciding around Fib 1.618, Egrag remarked.
Conclusion
While XRP is currently experiencing a downtrend, analysts’ predictions offer hope for a potential trend reversal. With predictions ranging from $1.68 to double digits, the future of XRP appears bullish. However, these predictions are contingent on certain market conditions and trends. As always, investors should exercise caution and conduct their own research when trading in the volatile crypto market.
