Crypto analyst CrediBULL Crypto has made a bold prediction that the XRP price could potentially reach $20 in the current market cycle. In his analysis, he explained how XRP could experience a parabolic rally and reach double digits. According to the analyst, XRP needs to flip the $2 range as support to initiate its rally towards a new all-time high (ATH) and ultimately the $20 target. He emphasized that if XRP successfully flips the red zone as support, reaching double digits could happen swiftly. The analyst believes that achieving a new ATH against Bitcoin would lead to a parabolic rally towards $20.
CrediBULL Crypto also highlighted the importance of patience as XRP attempts to break through the $2 level and start its parabolic rally. He identified the red zone on the chart as a major resistance level for the XRP price. Despite this, the analyst remains optimistic about XRP’s potential to trend higher on the USD chart (between $1.5 and $2) while working towards overcoming the $2 resistance on the Bitcoin chart. Veteran trader Peter Brandt also shared a bullish outlook for XRP, suggesting that clearing the 2021 high of $1.60 could kickstart a parabolic rally.
Additionally, another crypto analyst named Egrag Crypto provided a more conservative prediction for the XRP price, suggesting that it could potentially reach around $12. Based on his analysis of the XRP/BTC chart, Egrag Crypto stated that XRP/BTC had experienced a pump at the ‘Atlantic and Pacific line,’ indicating a bullish momentum. He pointed out that a weekly candle above $1 could flip a key resistance into support, with the resistance target to watch being the range between $3 and $. A close above this range could pave the way for a “super bullish ride” for the XRP price, according to the analyst. Egrag Crypto’s ultimate goal for this market cycle is reaching the top edge around $12, a level that he believes could redefine the game.
In conclusion, while CrediBULL Crypto remains optimistic about XRP’s potential to reach $20 in this market cycle, Egrag Crypto has a more conservative prediction of the XRP price touching around $12. Both analysts have highlighted key resistance levels and milestones that XRP needs to overcome to achieve these price targets. As the market cycle progresses, it will be interesting to see how XRP performs and whether it can reach these ambitious price predictions. Investors and traders in the XRP community will be closely monitoring the developments to see if the digital asset can indeed soar to new heights in the coming months.
