XRP price nears $3 for the first time since 2018: analyst predictions and what’s next for Ripple
- The coin has surged more than 15% in the past 24 hours, continuing a rally that began after a recent pullback.
- The timing of this rise aligns with the approaching inauguration of Donald Trump.
- The token’s all-time high of around $3.40 was reached in early 2018.
Ripple’s XRP has reached a major milestone, almost touching the $3 mark for the first time since 2018, signaling a significant price surge for the token.
The coin has surged more than 15% in the past 24 hours, continuing a rally that began after a recent pullback.
The timing of this rise aligns with the approaching inauguration of Donald Trump and the impending resignation of current SEC Chair Gary Gensler.
With the price surge fueling excitement, the key question now is whether XRP can continue this momentum and reach even higher levels.
Source: CoinMarketcap
Analysts predict major upside for XRP
Copy link to sectionCrypto analyst Cheeky Crypto points to key support levels as a critical factor for XRP’s continued bullish trend.
If XRP holds above these important levels, it could see substantial gains, with some analysts speculating that the token could surge to the $10 to $11 range shortly.
🚨NEW: $XRP hits $3 for the time since 2018.
This price target represents a significant jump from its recent trading range of $2.50 to $3, reflecting growing optimism within the market.
XRP has already made significant strides in the last few months, and with its recent surge to $3, some investors are now calling it a “sleeping giant.”
The token’s all-time high of around $3.40, reached in early 2018, now stands as a major milestone for XRP, and many are eager to see if it can break this barrier and continue its upward trajectory.
XRP’s Rally: the power of positive momentum
Copy link to sectionXRP’s recent price surge is largely fueled by positive social sentiment. Bullish technical indicators, coupled with endorsements from prominent crypto analysts, have significantly boosted confidence in the token.
As a result, XRP has seen increased buying activity, drawing more traders and fueling excitement within the crypto community.
This growing enthusiasm is a key factor driving XRP’s rally and could further support its upward momentum.
In the world of technical analysis, a “retest” is seen as a crucial sign of strength for an asset.
For XRP, a successful retest of its upper boundary would indicate that the token has the resilience to maintain its current price levels, despite potential selling pressure.
This could signal the beginning of a sustained rally, pushing XRP past its previous all-time high and potentially leading to new price milestones.
XRP price predictions: could it reach $27?
Copy link to sectionWhile some crypto enthusiasts are optimistic that XRP could reach as high as $27—a more than 10x increase from its current price—such predictions may seem overly ambitious.
However, the cryptocurrency market has a history of surpassing expectations, especially as adoption continues to grow.
With increasing usage by financial institutions and payment networks utilizing XRP for cross-border transactions, it’s not out of the realm of possibility for the token to continue its upward trajectory in the coming years.
As XRP continues to ride the wave of momentum, traders and analysts alike will be watching closely to see if the token can maintain its upward trajectory and possibly reach new all-time highs.
The current rally has generated substantial excitement, and for many, the future of XRP looks brighter than ever.
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