XRP Predicted to Hit $70 Following Potential $11 Breakout
Crypto analyst CryptoBull has projected that XRP could reach significant price targets, mirroring past bull runs:
- XRP might first hit $11, followed by a potential rise to $70, although the timeline for these targets remains extended.
- The current market sees XRP trading below $2, despite the optimistic projections.
Another analyst, CW, anticipates an initial target of $21.5 by year-end and suggests a longer-term possibility of exceeding $100 in future rallies.
X Finance Bull highlights potential regulatory boosts from the CLARITY Act and Trump's tariffs, which could increase XRP's demand, particularly among banks entering the crypto space.
Analyst XForce notes that XRP is breaking out of a multi-year triangle pattern, suggesting a potential rally beyond $11.50.
Chart Nerd observes XRP breaking out of a short-term falling wedge, indicating a bullish reversal that might push prices back to $2.40, with key resistance between $2.13 and $2.20.
Currently, XRP trades around $1.92, showing an uptick over the last 24 hours.