Categories: CryptocurrencyNews

Analyst Predicts Timeline for XRP to Rally 5,300%

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.

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.


Follow us on Twitter, Facebook, Telegram, and Google News

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

Recent Posts

Why PropiChain’s Token Presale is a Better Option Than TRON to Grow Your Portfolio

Savvy crypto investors have long built wealth by entering early token presales and holding on…

3 hours ago

Missed The 3000% Gains On POPCAT And GOAT? FXGuys ($FXG) Could Be Your Next Big Break

If you missed the 3,000% gains on popular meme coins like Popcat (POPCAT) and Goatseus…

5 hours ago

Crypto And AI Meet For Max Gains: How WallitIQ (WLTQ) Can Help You Maximize Your Earnings

The WallitIQ (WLTQ) platform merges crypto and artificial intelligence (AI) to present new opportunities for…

5 hours ago

Industry Experts Say ETFSwap (ETFS) Is Destined To Rally 15,000% And Enter Top 10 Crypto By Market Cap

In the rapidly evolving world of crypto, ETFSwap (ETFS) is attracting significant attention, with industry…

10 hours ago

Based On Bitcoin Halving Data, Analysts Predict Timeline For XRP Pump to Start

Recent analyses from cryptocurrency market experts suggest a specific timeframe for XRP's next significant price…

14 hours ago

New Altcoin for Investors Who Missed Ripple and Dogecoin

With the rapid evolution of the cryptocurrency space, investors constantly find new opportunities to tap…

15 hours ago