Raoul Pal Predicts XRP Price Will Rally to New All-Time High
Raoul Pal predicts that the price of XRP has potential for further increases and may reach a new all-time high (ATH).
XRP Price Outlook
- Pal stated in a YouTube video that XRP's chart indicates another upward movement.
- The current price is consolidating after a previous rally to around $2, forming a bull flag pattern.
- Price could rise to $5, marking a new ATH.
- Pal previously advised against holding XRP but became bullish after its recent surge.
This prediction follows the launch of CME XRP and Micro XRP futures, which are expected to attract institutional investors and aid in the approval of a Spot XRP ETF. Analyst BarriC believes this ETF could push prices to $10.
Short-term analysis suggests a possible retracement to $2 if XRP fails to maintain support at $2.30, according to Ali Martinez. CasiTrades warned of potential corrections after failing to hold above $2.6.
Market Correction and Future Predictions
- Analyst Dark Defender believes XRP could hit its ATH post-correction, as it completes the A Wave and enters the B Wave of Wave 2.
- Projected price targets include $3.333 after completing the B and C Waves.
- Support levels: $2.3502 and $2.2222; Resistance levels: $2.58 and $3.3333.
Currently, XRP is trading at approximately $2.38, up over 2% in the past 24 hours.
