Analyst Predicts Major XRP Price Decline as 12-Year Cycle Ends
XRP has been forming a bearish trend since early February, following a price crash. While it has seen slight recovery, it remains below January's opening price. Analysts maintain bullish long-term projections, with targets between $2 to $5.
12-Year Cycle and Bearish Outlook
A crypto analyst suggests XRP is nearing the end of a 12-year cycle, potentially leading to a significant correction down to $0.1. Key points include:
- The completion of a long-term triangle pattern lasting five years.
- A predicted peak at $3.40 in January 2025, followed by a downward movement.
- Confirmation from technical indicators that support this bearish outlook.
This potential decline represents a 95% drop from the current trading price of $2.43, surpassing previous losses incurred during regulatory challenges.
Contrasting Bullish Sentiment
Despite bearish predictions, many analysts and investors remain optimistic about XRP. Expectations for price growth are linked to anticipated institutional adoption and regulatory clarity. Some projections include:
- Potential rise to an all-time high of $5.
- Long-term forecasts suggest prices could exceed $100.
