Ripple: XRP Bent Fork Dev Reveals $3.5 & $17 Target, Analysis Shows

Juhi Mirza

Despite the sluggish price pace that XRP has adopted throughout this season, several analysts believe Ripple may soon ascend to new price highs. Egrag Crypto, a notable crypto analyst has yet again come up with a new prediction, a novel analysis that reveals XRP potential to hit the $3.5 price mark. Alongside that, the token also possesses the mettle to hit the $17 price mark, if XRP follows its predetermined price path with the utmost discipline.

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Ripple XRP $3.5 And $17: Can They Be Claimed Soon?

Ripple
Source – CryptoTicker

According to Egrag Crypto, XRP showed signs of a possible bent fork formation on its chart earlier. Per the development, the token has the potential to unlock two major price targets. The expert later shared how XRP may soon ascend to these price targets, provided the token follows its price path trajectory as predicted by the expert.

“#XRP: The Bent Fork ($17 & Historical Support) – UPDATE:🔍 June 2023: We introduced “The Bent Fork Chart.” Here’s the latest scoop: 🎯 New Top Target: $17 .🚧 Key Resistance: $1 – both a structural barrier and psychological hurdle. .🏆 All-Time High (ATH): $3.5 – breaking this could open the gates to Valhalla!”

The expert further revealed certain markers that XRP is moving forward to claim. He shared how Ripple’s latest price target is to hit the $0.40 price mark. Later, the $0.75 mark becomes a crucial price pedestal for XRP. He later elaborated more on his analysis, adding how $1 remains the projected price path for Ripple, however, as of now XRPs major target is $17.

“What’s Next: 1️⃣ Touched 0.40c as predicted. 👌2️⃣ 0.75c is the gatekeeper. Closing above it with conviction is crucial for ATH. 🤠. 3️⃣ $1 remains a significant structural and psychological barrier. 🚧. 4️⃣ Equilibrium: Around $1.8 ⚖️. 5️⃣ Major Target: $17 🌠”

XRP July Forecast: How Far Is Ripple From Hitting $1

The current bullish onset of the market is yet to trigger XRP’s price push. With rumors of Ripple’s case with the SEC coming to an end by July and August, it seems that the XRP’s bullish phase might come sooner than expected. Per CoinCodex, July seems to be a bearish month for the token. However, the token may surge by 20% to hit a new price mark of $0.52

“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.79% and reach $ 0.520349 by August 7, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 28 (Fear). XRP recorded 12/30 (40%) green days with 4.04% price volatility over the last 30 days.”

The platform further reveals how the token may surge to claim $1 by the end of 2024.

“XRP is forecasted to trade within a range of $ 0.270974 and $ 1.345229. If it reaches the upper price target, XRP could increase by 209.48% and reach $ 1.345229.”

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