Ripple XRP has long been showing signs of impending price action, a bullish price path that the token is yet to break into. Despite Ripple’s stellar collaboration and partnership spree, the token has yet to project a bullish momentum. However, the sluggish price pace of XRP is yet to spread dismay within the ripple community, which is adamant about XRP claiming a new ATH very soon.
Also Read: US Dollar Peaks: What’s Driving The Current USD Surge?
XRP To $6.4?
Egrag Crypto, a notable crypto analyst is back with another positive price prediction for XRP. The analyst pointed out a new development on X, adding that XRP is showing signs of mild consolidation, which is organic for its growth. While discussing the XRP chart at length, the expert stressed on how XRP’s candle formation is closing on above fib level 0.236, dubbing it a natural consolidation.
“With all the saga in the last couple of weeks, the monthly time frame candle formation is closing above Fib 0.236. This is simply a natural consolidation! 📈.”
He later emphasized a critical fib level point, a threshold that can help XRP claim new highs. Per the analyst, XRP will need to target the fib 0.5 level, which can help the token gain momentum and later help it breach the fib 1.618 level. This level, once crossed, can tremendously help XRP trade beyond the $6 level.
“Next target:🎯 Fib 0.5! Flip it with conviction, and then we fly to Fib 1.618 ($6.4)! 🌠#XRPArmy, STAY STEADY! Our time will come, and it will be as bright as Sirius! 🌌📝 N.B: Sirius is the brightest star in the night sky.”
The chart uploaded by Egrag Crypto displays XRP achieving the aforementioned price target by the year 2025.
Ripple XRP July Forecast
With such bullish predictions floating around, the price of Ripple is yet to receive intense traction and price ascents. Per CoinCodex, the token may spike by 20% in July, to trade at a price level of $0.57
“According to our current XRP price prediction, the price of XRP is predicted to rise by 20.72% and reach $ 0.577493 by July 31, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 53 (Neutral). XRP recorded 13/30 (43%) green days with 3.47% price volatility over the last 30 days.”
The portal predicts XRP to hit $1 by the end of the current year.
“XRP is forecasted to trade within a range of $ 0.301398 and $ 1.486503. If it reaches the upper price target, XRP could increase by 210.30% and reach $ 1.486503.”
According to Coinpedia, XRP’s 2025 price target will somewhere be around $3.
Also Read: Shiba Inu: Can SHIB ETF Soon Become A Reality?
“With the remittances market growing every year, XRP is set to capitalize its gains in the cross-border payments market…XRP price prediction for 2025 sets the high at $3.38 and creates a new all-time high. However, in case of a global crisis, the XRP price might rest at $2.47, making an average of $2.925.”
Credit: Source link
