6 0
XRP’s 3–6 Month Outlook: Analyst Predicts Path Toward $13
XRP's price experienced a pullback, but analysts highlight potential long-term gains. Analyst Egrag Crypto notes that XRP remains above the key 21-day Exponential Moving Average (EMA) on the monthly chart, suggesting a bullish outlook.
Key Insights:
- XRP trades at $2.18, up 8.5% over 24 hours but down 0.8% for the week.
- Short-term charts (4-hour to 2-week) are below the 21 EMA, indicating bearish signals.
- The monthly chart remains above the 21 EMA, seen as a positive indicator.
Potential Upside:
- Egrag's model predicts a target range of $9 to $13 within three to six months if the monthly support holds.
- Reaching $9 requires a 4x increase; $13 needs a close to 7-fold rise.
Other Analysts' Views:
- Some analysts predict a $4 price by late 2026, driven by Ripple’s RLUSD launch in Japan.
- Spot XRP ETFs have acquired $756 million worth of tokens post-launch, supporting future gains.
Escrow Release:
- Ripple unlocked 1 billion XRP for December in two transactions of 500 million each.
- One batch was valued at $1.08 billion when moved. These unlocks are routine but monitored due to potential market impact.
Traders' Considerations:
- Short-term indicators are weak, but higher-timeframe momentum can shift quickly.
- A monthly close above or below the 21 EMA could significantly impact analysis.
Overall, while short-term pressures persist, the monthly chart offers hope for long-term investors.