XRP Price Expected to Hit $6 in Upcoming Euphoric Phase
The recent market recovery has seen XRP approaching the $2.5 level, with potential to continue its uptrend and possibly reclaim the $3 mark. Despite past crashes, there is an expectation for XRP to reach new all-time highs, surpassing its previous peak of $3.8 achieved over seven years ago.
XRP's Potential Breakout
- A crypto analyst, "Guy on the Earth," predicts a possible breakout for XRP after a year-long consolidation trend.
- The price has maintained higher lows, indicating potential recovery and upside.
- A breakout could mirror the November 2024 rally, where XRP surged over 600%.
- The price could hit $6, marking a more than 100% increase and reaching new all-time highs since 2018.
Bears' Potential Influence
- Despite bullish indicators, bears may regain control if XRP falls below $2, leading to a potential decline.
- A drop below $2 could end the bull rally and extend consolidation, with prices potentially falling to $1.
- Clearing $3 with momentum is crucial for bulls to maintain control.
- If Bitcoin continues to rise, it could trigger a broader market bull run.
