The cryptocurrency market has experienced a downturn recently, with leading tokens like Bitcoin, Ethereum, and Solana all facing price drops. However, amid this bearish sentiment, some analysts remain optimistic about the future of certain digital assets, including XRP.
One notable analyst confident in XRP’s future is Ash Crypto (@Ashcryptoreal), a prominent market analyst who recently unveiled a series of price predictions for various cryptocurrencies, including XRP. His forecast includes a projected timeline for XRP to potentially reach a target range of $3 to $5 within a 12 to 16-month window.
Read Also: Analyst Spots XRP Entry Point, Calls It “Final Opportunity” To Buy Low
XRP’s Potential Trajectory in the Bull Market
Ash Crypto’s prediction suggests that XRP could experience significant growth in the coming months. To reach the $3 target, XRP would require a surge of approximately 421.8% from its current price of $0.5749. Although $3 is below XRP’s all-time high, the $5 target, which requires a 769.7% surge, will significantly surpass its peak of $3.84.
Meanwhile, another prominent analyst has called $5 a realistic prediction. As many analysts share this bullish sentiment, some are skeptical of the digital asset’s future.
Potential Roadblocks for XRP
Bitcoin has fallen 5.09% this week, with Ethereum and Solana showing respective drops of 8.39% and 8.09%. XRP hasn’t been immune to this turbulence. Its downturn began in March, falling from a yearly peak of $0.74 on March 11. The month ended with some recovery, with XRP consolidating around $0.60. However, April brought renewed bearish pressure, leading to steeper declines that caused XRP to breach the $0.60 support level.
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Read Also: XRP to $1.4 Soon? Top Analyst Reiterates Bullish Outlook
A Market-wide Resurgence?
Ash Crypto’s forecast extends beyond XRP. His predictions include Bitcoin potentially reaching a range of $100,000 to $250,000, Ethereum reaching $10,000 to $15,000, and Solana reaching $450 to $650 within the same 12 to 16-month timeframe. Notably, his predictions also suggest a potential $1 price point for Dogecoin. These targets will see all cryptocurrencies mentioned surpass their all-time high by significant margins.
While the cryptocurrency market faces a current downturn, some analysts remain optimistic about the future of specific digital assets. Ash Crypto’s price predictions for XRP offer a potential roadmap for the token’s trajectory within the ongoing bull run. However, other analysts believe XRP can do better, with one analyst recently predicting a massive 55x surge for XRP.
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