Ripple’s native cryptocurrency, XRP, has fallen to the $ 2.60 level after reaching a high of $3.65 in July. The leading altcoin is struggling to stay afloat above the $3 mark due to various macroeconomic factors. The sell-offs and profit bookings from investors are adding to the baggage. The development is putting the altcoin under pressure as bears are taking control.
However, just a year ago, XRP was trading at the $0.50 range, and nobody expected it to climb more than 400%. The market charts its own path, surprising investors when they least expect it. A similar price prediction was given by a pseudonymous cryptocurrency analyst, Milkybull, who estimates the long-term chart of XRP indicates a rise to $15.
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Cryptocurrency Analyst Predicts XRP To $15
The cryptocurrency analyst shared a chart predicting that XRP is well on its way to reach $7. That’s an uptick and return on investment (ROI) of approximately 170% from its current price.
However, the long-term price target for XRP is at $15, according to the cryptocurrency analyst. He wrote on X that Ripple’s native token could trade between $11 and $15 in the long-term trajectory.
“XRP is in preparation for the final expansion phase this cycle. The red band target stands at $7, and if it extends, that should be $11-$15,” he predicted. The bullish price prediction comes when the token is mostly trading sideways in value.
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The chart represents a key price breakout from previous cycle highs. Reinforcing the outlook, the projected timeline for XRP to reach between $11 and $15 is around 2027. That’s another two years down the line, and it is not far off. The token is expected to rise between 350% and 475% according to the price analysis. Therefore, an investment of $1,000 could turn into $4,500 and $5,750 if the forecast turns out to be accurate.