Ripple: XRP Poised to Reach $1.3, Predicts Analyst 

Juhi Mirza
Ripple Analyst Shares Crucial Information About XRP Cycle Top

XRP is one of the leading cryptocurrencies in the web3 space. The token is usually dubbed a nucleus of speculation and scrutiny, spurred by its ongoing legal war with the SEC. The token has adopted a mildly moving pace this bull season, stirring the crypto community and adding more fuel to the growing speculation.

According to CoinMarketCap, XRP is down 2% in the last month. The token encountered a modest uptick recently, with its price level finally elevating to $0.60. However, XRP’s slow price movement has yet to deter its community sentiment, which is still hoping for the token to break into a bullish trend.

Also Read: Ripple Price Chart Shows Ascending Value Peaks: Will XRP Hit $0.80 This Weekend?

Analyst Predicts XRP To Hit $1.3

Ripple (XRP)
Source: Watcher.Guru

Egrag Crypto, another notable crypto analyst, updated a new XRP forecast, triggering a flurry of reactions within the crypto community. The analyst predicted a new price path trajectory for XRP, dubbing it the “three camel hump theory.”

In a new chart uploaded by the analyst, Egrag Crypto shared how XRP is poised to hit $1.3 soon. He shared how XRP is following the predicted levels of price momentum without changing its price path as of late.

The analyst further added that the token will first trade around the $0.57–0.67 price range. It will later adopt a bullish stance once it crosses the $0.75 price level.

Once the proposed level is crossed, it will eventually perform positively, climbing up to the coveted $1.3 price mark at a rapid rate.

Predictions for April–May 2024

April looks quite positive for the altcoin considering the token’s ongoing progression rate. The token may note a significant uptick by the first week of May, recording a 13% surge to trade at $0.68.

“Ripple is predicted to rise by 13.35% and reach $0.688033 by May 10, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 78 (extreme greed). XRP recorded 16/30 (53%) green days with 4.46% price volatility over the last 30 days.”

For the next 30 days, CoinCodex predicts the token to trade at $0.69, eventually ascending to new price thresholds of $1.3 soon.

Also Read: XRP’s Long Due ATH Can Finally Cash In: Here’s When It Can Happen

“Ripple price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these XRP projections, XRP will be changing hands at $0.699771 on April 17, 2024, gaining 15.28% in the process.”