Analysts Predict Strong Gains for XRP Following Bitcoin Rally

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.

Alexander Stefanov