Analyst Predicts XRP Price Could Hit $1,200 With 50,000% Increase

Crypto analyst Remi predicts that the XRP price could reach $1,200, citing a potential 50,000% increase. This forecast is based on past performance and expected institutional interest through potential XRP ETFs, which may be approved post-U.S. government shutdown.

XRP previously surged by 76,000% in 2017 due to retail speculation alone.
Institutional FOMO, driven by possible ETF approvals, is seen as a key factor for future growth.
Remi advises profit-taking at intervals during any price surge to mitigate risks from unexpected market events.

Currently, XRP is trading above $2 amidst broader market declines influenced by U.S.-China trade tensions and other macro factors.

Potential Market Movement

Another crypto analyst, CasiTrades, suggests that XRP might decline further before a bullish reversal. The lack of a breakout above key resistance levels supports this view.

CasiTrades indicates a possible retest of support levels around $1.46 or $1.35.
The current price action doesn't show the strength needed for immediate recovery.

XRP

As of now, XRP trades at approximately $2.33, reflecting a decline over the last 24 hours according to CoinMarketCap.