Analyst Predicts XRP Price Can Reach $250 Amid Ripple Whales Accumulation

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Oh, mes chers amis! Gather ’round as we delve into the whimsical world of crypto, where fortunes are made and lost faster than a jester’s quip! 🎭

Our esteemed analyst, the illustrious XRP Captain, has donned his finest robes and proclaimed a most audacious prediction: the price of XRP may soar to a staggering $250! This revelation comes amidst a flurry of activity from the Ripple whales, who have been hoarding millions of XRP as if they were rare truffles! 🐷💰

In a recent missive on the platform X, our gallant Captain urged the market participants to brace themselves for what he calls the “space journey largest breakout in history.” One can only imagine the excitement! 🚀

But wait! The Captain’s chart suggests that this lofty price target may not be reached until the year 2026. Patience, dear friends, patience! Following this grand prediction, the equally astute Egrag Crypto chimed in, agreeing that triple digits are but the beginning, with four digits lurking just around the corner. Oh, the audacity! 😲

It is worth noting that Egrag Crypto had previously predicted a more modest target of $110 in the next market cycle. This comes as Ripple whales have been on a shopping spree, acquiring a whopping 60 million XRP in just 24 hours! Talk about a whale of a tale! 🐋

Short-Term Targets For The Crypto

In yet another proclamation, Egrag Crypto revealed short-term targets for XRP as it dances within a channel. Should it break free, we might see it reach the delightful price of $4.20, with the next level at Fib 1.618, around $5. A veritable feast for the eyes! 🍽️

However, should our dear XRP take a tumble, it could plummet to a dismal $1.80. Fear not, for this may set the stage for a double-bottom target, hinting at a glorious ascent ahead! 🎢

Meanwhile, Egrag Crypto warns that if XRP does not break the channel by mid-March, we may face a bearish scenario. But fret not, for this could merely be the prelude to the next grand leap! He has also highlighted the $3.40 price level as crucial for XRP to reach new heights. A nail-biter, indeed! 🥴

An Update On Current Price Action

In another delightful twist, the analyst CasiTrades has also shared her bullish outlook for XRP. She noted that the crypto retraced to the .382 level at $2.65 over the weekend, and lo and behold, that level has held strong! A support level, if you will! 💪

CasiTrades opines that XRP is now gearing up for a Wave 5 push toward $2.95 and $3. Will it succeed? Only time will tell! She warns of “strong resistance” around this level, and how the price reacts will be most telling. A rejection could keep our crypto friend range-bound, while a clean flip could send it soaring! 🎉

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2025-02-17 22:39