Analyst Predicts XRP Price Breakout To $3, Here’s When

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Despite a recent dip, crypto expert Mikybull Crypto remains optimistic about XRP‘s future price, projecting a potential surge that could push it to around $3 by the end of this month.

XRP Price Breakout To $3 Could Happen This Month

As a financial analyst, I’ve taken notice of Mikybull Crypto’s recent post suggesting an impending rise in the XRP price. His accompanying chart indicates a potential price breakout towards the stated target, which he believes could occur this month.

The graph suggests that XRP might surge up to $3.2 initially, maintain its upward movement, and potentially hit the Fibonacci 1.618 level at $3.7. If this occurs, it could lead XRP back towards its current record high of $3.84.

The crypto expert known as CrediBULL Crypto has expressed a positive forecast regarding the coin. He pointed out that the XRP/BTC pair is nearing his temporary bottom target by just a few percentage points. This is where he predicts a rebound, followed by further upward momentum.

In simpler terms, the cryptocurrency expert noted that for XRP prices to reach their previous entry levels, Bitcoin‘s price should see a swift decline. Otherwise, XRP could continue its upward trend from this point onwards.

A Pullback To $2 Is Still On The Cards

According to crypto expert CasiTrades, there may be a potential drop in XRP’s price down to around $2, followed by a resumption of the upward trend. The analyst expresses increasing faith in the E wave, aiming for the lower support level at approximately $2.08.

The analyst also noted that the Ewave’s trajectory mirrors Bitcoin’s, suggesting a final C wave descent. She pointed out that the upper trendline was recently encountered and encountered resistance. Moreover, the Relative Strength Index (RSI) is shaping up to exhibit a bearish pattern, hinting at an increasing downward momentum.

In the long run, CasiTrades remains optimistic about XRP’s growth path. Although the RSI indicates a bearish trend now, she predicts that the coin might rebound to a range of $3.35 and $3.37. Crypto analyst Ali Martinez’s study also suggests that XRP could experience a 470% increase in value.

Analyst Reaffirms $27 Price Prediction

In a recent update on his platform, crypto analyst Egrag Crypto has once again expressed confidence in his forecast for the XRP price, estimating it to reach approximately $27. He explained that this target is based on two significant Fibonacci levels: Fib 1.414 and Fib 2.0. These levels, when combined, are expected to result in a convergence point of around $13 for XRP.

During the anticipated rally, an analyst suggested a significant pullback might occur, possibly lowering XRP to approximately $4. However, EgraCrypto foresees a potential final push towards $27 in the price.

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2025-01-07 22:39