XRP’s recent price movements have fueled widespread market excitement, as analysts claim the token may be preparing for a major rally. The surge above $2.60 earlier this week has intensified bullish forecasts despite a 6 percent drop triggered by a recent court decision.
Crypto analyst CryptoWZRD believes XRP has a bright future and feels its value is now unstoppably rising. Based on XRP’s chart that the analyst posted on social media, he thinks the long period of price consolidation is ending, and XRP will start moving higher.
According to him, XRP’s rise by 60 percent shows that the market is mainly under buyer control.
CryptoWZRD compared XRP’s older behavior, showing that there would be durations when it did not move much, followed by quick upward advances. The projection on his chart shows that the price could more than double, coming in at $5.90.
Should XRP reach its goal, its market cap will increase to over $345 billion, allowing it to overtake Ethereum in overall valuation.
The bold $5.90 prediction has attracted wider attention as market participants look to previous price cycles for validation. Some say XRP’s movements now are similar to those between 2014 and 2017 before setting record highs.
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Multiple Analysts Align on Bullish Outlook as Momentum Builds
Abdullah Nassif, host of Good Morning Crypto, supported the bullish outlook. He referenced Fibonacci extensions in his chart, which pointed to extended targets of $8 and even $27 based on XRP’s previous bull runs.
Nassif said the growing momentum signals that a large-scale rally may be underway.
Another trader, DK64Trades, noted that while XRP is valued at 5 percent of the total market, it was once worth 31 percent during its peak in 2018. The researcher argues that if XRP regains that market share, its price could climb over $10 in the upcoming year.
According to the survey, Capt Toblerone was the most bullish financial observer. The analyst predicted that in a strong crypto cycle worth $35 trillion, XRP would be worth around $22. He concluded by projecting XRP’s value to be $1.25 trillion.
More and more people are watching XRP as analysts show increasing faith in its potential. Specialists have said that achieving a rate of $5.90 is likely, if not inevitable, depending on how the currency performs from now on.
Since leading analysts are more confident about XRP, many now want to know its future price. People are starting to believe that reaching the goal in the near term is now very realistic.
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