Renowned crypto expert CryptoVisionary suggests that XRP may be on the verge of a remarkable price ascent, potentially hitting double digits within this market cycle. His analysis draws attention to previous Fibonacci patterns, indicating the altcoin’s ability to demonstrate significant growth.
XRP Price Could Soar to $30 in This Cycle
In a recent X post, CryptoVisionary projected that XRP could surge to a range between $10 and $30. This prediction was backed by a comprehensive previous analysis highlighting the significant Fibonacci levels. The expert indicated that this cycle’s key Fibonacci levels are seemingly marked at $10.50 and an ambitious $30.
Another esteemed analyst, TrendWatcher, shares a similar optimism, asserting that XRP’s price may indeed rally up to $30 during this cycle. His analysis not only reflects on historical performance—such as the remarkable price surge noted in the 2017 cycle—but also mentions market sentiment as a key driver for another stellar performance.
Related Insight: XRP Price Shows Resilience – Why $3.00 Is Crucial to Maintain Momentum.
In his latest analysis, TrendWatcher asserted that projected target prices include $15, $25, and finally $30 for XRP. His detailed charts suggest that these levels could be achievable by the end of the year while emphasizing a growing bullish trend as indicated by recent candle patterns in the market.
Additionally, technical analyst TechGuru expressed optimism that XRP could experience a breakout towards $28. He explained that the altcoin appears to be creating a new ascending channel, positioning it for potential growth. This trend aligns with prior resistance points and historical data from late 2024.
Market Expectations in the Near Term
In a recent X post, TechGuru provided some insights regarding XRP’s short-term price movements. He noted that on the weekly chart, XRP seems to be approaching a crucial resistance level at approximately $3.00. The support level to monitor during this phase is $2.50, while analysts suggest a rally target potentially reaching $6.00 is not out of the question.
Analyzing short-term movements, TrendWatcher advised that XRP must close above $2.70, with specific focus on levels $2.75, $2.80, and $2.90 to initiate a bullish trend. He posited that a close above $3.00 would signal the potential for a new all-time high for XRP.
At this moment, XRP is priced at approximately $2.50, reflecting a slight decrease of 2% over the past 24 hours, based on data from CoinMarketCap.
