According to a recent analysis, crypto analyst Brett Hill (@Brett_Crypto_X) suggests that XRP could see a significant price increase in the coming years. The chart shows two potential target zones: $2.90 and $16.10.
Hill showed a repeating historical pattern on the weekly XRP/USDT chart that could send XRP to these lofty targets. The chart shows XRP experiencing a downtrend before bottoming out. A minor surge follows this downtrend, but this surge is short-lived.
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After bottoming out again, XRP enters a consolidation phase, forming a symmetrical triangle. Finally, the digital asset experiences a massive surge at the apex of this triangle.
According to Hill’s chart, this pattern sent XRP to its all-time high in January 2018. Following this, XRP entered a downtrend and hit the bottom in 2021. However, XRP joined the 2021 bull run, and although it did not breach its all-time high, the surge to $1.96 was significant enough to form the second part of this pattern; the symmetrical triangle.
XRP has remained within the bounds of this triangle since then and is slowly headed toward the apex. Although Hill has set a lofty target, other prominent analysts have set much higher targets, bringing Hill’s prediction into possibility.
The Timeline for XRP’s Surge
Hill did not provide a specific timeline, but the chart shows that XRP could begin this run by the end of 2024. To gain a particular timeline, we consulted multiple prominent sources.
Telegaon, a prominent analytics platform, believes XRP can reach the $2.90 target in 2025, with an average target of $3.06 and a maximum price of $3.97. For the $16.10 target, Telegaon predicts a long climb. Telegaon predicts that XRP can reach this price between 2030 and 2035, setting a maximum of $14.03 for 2030 and a minimum of $22.37 for 2025.
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Analysts from Changelly, a prominent crypto exchange, believe XRP will take longer to reach these targets. For the $2.90, Changelly set a maximum price of $2.96 for August 2028, much farther than Telegaon’s prediction. For the $16.10 target, however, things take a turn, as Changelly sets a maximum price of $16.28 for May 2033, within the range of Telegaon’s prediction.
It is impossible to say for certain whether or not Hill’s prediction will come true. The cryptocurrency market is volatile, and many factors affect the price of cryptocurrencies. However, there are many reasons to believe that XRP has the potential to reach $2.90 and potentially $16.10 soon.
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. Times Tabloid is not responsible for any financial losses.
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