Crypto Analyst Predicts XRP Bull Run Will Lead to $37 Price Target
XRP Price Analysis and Future Projections
XRP has experienced notable volatility recently, trading between $2.78 and $3.12. Currently, it is priced at $2.92, reflecting a 400% increase over the past year.
- Crypto analyst CryptoBull claims XRP's true bull run has not yet started.
- The price has shown significant swings, with a recent peak of $3.65, but remains below its previous all-time high (ATH) of $3.4.
- A historical pattern from 2015 to 2018 suggests potential for a major breakout following current consolidation.
- If XRP closes above $3.4 on a weekly basis, projections indicate a possible rise to $37, translating to over a 1,130% increase.
- This target would imply a market cap exceeding $2.4 trillion, surpassing Bitcoin's current cap of around $2.2 trillion.
- Factors such as a potential Spot XRP ETF approval could act as catalysts for price movement.
- Some analysts suggest even higher targets, contingent on increased adoption among banks and financial institutions.
Current trading conditions indicate that XRP remains under resistance around the $3 level.
