Key Points:
- TheLeadingIndicator forecasts a long-term XRP surge, but not without dips to $0.22.
- Bullish analysts anticipate XRP’s peak around $25, with potential for $28 and $35.
- @Cryptobilbuwoo0 sees a shorter-term surge to $39, with eventual highs of $375.
One word encapsulating the prevailing sentiment within the XRP community regarding its price trajectory is ‘bullish.’ This fervent optimism has been stoked by crypto analysts from various corners, with some even contemplating XRP’s potential ascent to a staggering $10,000. Once more, crypto analysts are charting a promising course for this altcoin, hinting at a substantial impending upswing.
Anticipated 5,000% Surge to Elevate XRP to $25
TheLeadingIndicator, a TradingView crypto analyst operating under a pseudonym, has aligned with the cohort of analysts forecasting a bullish breakout for XRP’s price. His outlook appears geared toward the long term, in harmony with similar bullish narratives being presented.
Nonetheless, TheLeadingIndicator doesn’t harbor expectations of immediate altcoin prosperity. He anticipates a further descent in XRP’s value from its already modest $0.49 valuation at the time of writing. His projections envisage XRP declining to $0.3785 initially, followed by a dip to $0.28 in the medium term, and a subsequent descent to approximately $0.22, all preceding the Bitcoin halving event in 2024.
Zooming out to a more extended timeframe, TheLeadingIndicator’s chart suggests a sudden surge over a span of approximately two years, culminating around the $25 threshold, although it also highlights the $28 and $35 marks. In any case, this projection implies a potential increase of up to 5,000% from its current price.
While TheLeadingIndicator’s chart doesn’t specify a precise timeframe, he does provide a target year in response to another analyst, Brandon29992 on TradingView, who put forth a bull case for XRP to surpass $15.
TheLeadingIndicator’s counterpoint is that XRP would certainly need to drop to the $0.22 level before witnessing substantial movement. When Brandon notes that his chart projects XRP to reach around $27, TheLeadingIndicator reveals that this target is set for 2028.
It appears that the analyst’s optimism for XRP’s price doesn’t extend beyond this level. He asserts that XRP will eventually retrace to trade around $5.89, emphasizing, “The XRP token itself requires a low, stable price to fulfill its purpose.”
Ubiquitous Bullish Forecasts
Another analyst sharing a vision of a double-digit XRP price is @Cryptobilbuwoo0 on X (formerly Twitter). In an analysis, which appears to span at least a month, the analyst demonstrates how XRP could surge to $39. Unlike TheLeadingIndicator, this forecast unfolds over a shorter timeframe.
#xrp #xlm
Both XRP and XLM are passing Feb-Mar mark of 2017. Are you planning to sell if X falls here? If you check how big the rise has been since then…
Fractals exist & the past repeats itself.
Time is everything.
Flip the switch.
Gold & Energy & X standard.
🟢🟣🟡
🔥🦅
🥇 https://t.co/RDbShWD690 pic.twitter.com/EJy9apnGGx— (X)=chi (R)esurrected (P)=rho (@Cryptobilbuwoo0) September 28, 2023
The chart on X outlines a bullish rally commencing in 2024 and continuing until it reaches a pinnacle at $39. But the narrative doesn’t conclude there; the chart extends XRP’s price performance into 2025, projecting a price as high as $375 before eventually settling back into double-digit territory.
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Disclaimer:Â The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
