XRP is one of the most trending crypto tokens for many reasons. Ripple’s recent launch of RLUSD speaks volumes about its commitment to making the world more crypto-centric. XRP has lately been hovering between $2.31 and $2.40, giving impressions of a modest, stagnant pace. Can the token rise high on the radar soon? Let’s find out.
Also Read: Quantum Stock (QUBT) Surge Outshines Nvidia (NVDA)
XRP’s Immediate Price Target
Per Egrag Crypto, a notable cryptocurrency analyst, XRP is all set to close its 3-day candle, rising above the $2.3 price mark that it’s currently stuck in. The expert has also noted how this is a major bullish marker for XRP, which can catapult its price to reach a new high mark.
That being said, Egrag Crypto later shared how XRP is aiming to claim the $2.62 price mark, after which the token is free to break out and chart its own independent price path.
“#XRP – As Expected – Trust The Process: In just 6 hours, #XRP will close the 3-day candle, hopefully above $2.3—this is a strong bullish signal! 📈 Next target: $2.62! 🎯A close above $2.62 will trigger the full bullish formation and set us up for the next leg up! 🔥. #XRPFamily, STAY STEADY & STRONG 💪”
In addition to this, another notable cryptocurrency analyst, Gert Van Lagen, has shared another bold prediction concerning XRP. With the positive US political regime taking over charge, with more pro-crypto policies potentially coming up, XRP is all set to trade beyond the $100 price mark this bull cycle.
“$XRP [1W] – Double bottom formation breakout and successful retest at ❌. Will history repeat, and will $XRP crush $100 this cycle?”
Also Read: Avalanche AVAX Price Prediction: Can it Hit $100 by 2026?
The Technical Analysis Of The Token
Apart from the ambitious predictions stated above, CoinCodex predicts XRP to drop to $1.8 by mid-January 2024.
“According to our current XRP price prediction, the price of XRP is predicted to drop by -20.17% and reach $ 1.830327 by January 19, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 75 (Greed). XRP recorded 17/30 (57%) green days with 24.12% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy Ripple.”
Also Read: Cryptocurrency: 3 Coins To Rise When D.O.G.E Dept Officially Commences