Over the weekend, XRP experienced a notable surge, increasing by more than 7% as Bitcoin approached the $65,000 level.
The cryptocurrency peaked at $0.6304 but has since settled at $0.5930.
Analysts are optimistic about XRP’s future, with predictions suggesting a potential rise of up to 25% in the next three months. Leading analyst “Bobby A” forecasts that XRP could hit $33, pointing to strong technical indicators and market momentum.
He noted that a breakout pattern on the monthly chart could drive further price increases if XRP can break through its current resistance levels.
The initial target for XRP is $0.8722, representing a potential gain of over 45% from its current price. Achieving this target could signal a shift from a long-term bearish trend to a bullish one, opening the door for additional gains.
Bobby also anticipates that XRP could eventually reach higher levels, such as $1.34 and $1.72, which are crucial resistance points for establishing a new bullish trend.
Looking further ahead, XRP’s long-term outlook remains positive. “CoinCheckup” projects a 24.97% increase over the next three months, supported by solid technical momentum. The one-year forecast suggests a nearly 99% rise, indicating substantial growth potential for XRP as an investment.
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