Market analyst XRP Shark has outlined a potential timeline for XRP to attain a price range of $20 to $33. A pseudonymous analyst XRP_Shark shared the prediction in a comprehensive XRP price analysis. According to the analyst, this price range could happen by the end of 2025 or early 2026.
XRP’s price trajectory has been characterized by periods of volatility, with notable resistance and support levels identified. Specifically, the asset encountered resistance at the 0.618 Fibonacci retracement level of $0.94303 and found support at the 0.236 level of $0.45209.
Additionally, a pronounced volume profile visible range (VPVR) between $0.35 and $0.45 indicated substantial trading activity within this price band.
This price region is a battleground for buyers and sellers, contributing to XRP’s price stability. Also, the asset recently found support at $0.43, preventing a further price decline.
XRP’s Long-Term Price Target
XRP_Shark previously indicated that the market was approaching the conclusion of an extended period of consolidation. He further mentioned that a price drop of two cents would trigger additional buy orders.
Following this analysis, a market participant inquired about potential long-term price targets for XRP. In response, XRP Shark projected a price range of $20 to $33 as attainable targets. This prediction aligns with a similar forecast made by crypto commentator Armando Pantoja.
This projection has prompted discussions among market participants, with some referencing the July 2021 forecast by XRP_Shark. At that time, the analyst suggested minimum price targets of $26 to $27 for XRP, with the potential for much higher levels contingent on a favorable outcome in the SEC lawsuit and increased XRP utility.
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Despite these comparisons, XRP Shark reaffirmed his belief in the $20 to $33 price range as a realistic expectation for the next significant price increase. However, he acknowledged that higher price targets could be achieved if XRP’s utility drives increased demand.
XRP’s Current Market Situation
After incurring losses in late July, a landmark decision by U.S. District Judge Analisa Torres has sent XRP’s price above the $0.6 level. It is important to note that price predictions are inherently speculative and subject to market conditions. Regulatory developments, overall market sentiment, and the broader economic environment can significantly impact cryptocurrency prices.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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