XRP Price Target Set at $20 Amid Bullish Market Outlook
Crypto analyst XForce predicts a $20 price target for XRP, with two potential scenarios for achieving this. Key points include:
- XRP faces resistance at the $4 level, yet maintains a bullish macro outlook.
- XForce notes strong smart money accumulation despite market fears of a top.
- Short-term pullbacks are possible but unlikely to exceed 60-70% as seen in previous cycles.
- The current price level is viewed as a base for a potential Wave 3 impulsive move.
- Targets range from $10 to $20 conservatively, with a possibility of reaching $40 if the bull run extends.
Analyst CasiTrades also suggests an imminent breakout for XRP, citing:
- Price action tightening toward the apex of its consolidation pattern.
- No new lows during recent tests of the bottom trendline, indicating strength.
- A breakout above $3.08 would confirm continued bullish momentum.
Currently, XRP trades around $2.90, down over 3% in the last 24 hours.
