Top market participants who called the XRP rally at 50 cents remain confident that the token will soon extend its rally above the next psychological mark.
XRP has made significant progress in the past year, spurred by renewed bullishness and ecosystem growth. According to CoinMarketCap data, the coin is up 410% year over year, rallying from its price of around $0.50 to the current valuation.
Notwithstanding, market watchers remain confident about XRP attaining higher prices. Specifically, Vandell Aljarrah, the co-founder financial consultancy firm Black Swan Capitalist, has predicted a rally to at least XRP’s all-time high.
Market Expert Says Higher
In a Tuesday tweet, Aljarrah recollected earlier speculations that have come to fruition. He stressed that he identified XRP’s potential swelling at $0.45 and projected the impending rally.
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“Doubt Me at Your Own Risk”: Analysts Who Predicted XRP Rally at $0.5 Now Project Surge Above $3
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Top market participants who called the XRP rally at 50 cents remain confident that the token will soon extend its rally above the next psychological mark.
XRP has made significant progress in the past year, spurred by renewed bullishness and ecosystem growth. According to CoinMarketCap data, the coin is up 410% year over year, rallying from its price of around $0.50 to the current valuation.
Notwithstanding, market watchers remain confident about XRP attaining higher prices. Specifically, Vandell Aljarrah, the co-founder financial consultancy firm Black Swan Capitalist, has predicted a rally to at least XRP’s all-time high.
Market Expert Says Higher
In a Tuesday tweet, Aljarrah recollected earlier speculations that have come to fruition. He stressed that he identified XRP’s potential swelling at $0.45 and projected the impending rally.
Notably, the token last traded around the price mark late last year before its historic November rally to near $2. Interestingly, XRP extended the gains to a multi-year price high of $3.39 in January before entering an accumulation phase.
Now, Aljarrah has predicted that the token will surely break above $3.40, a 31.7% rally from the current market price. While he did not give any premise for this possible uptick, the strategist suggested that data backs his claims.
Analysis Validates Possible Rally Above $3
Meanwhile, Crypto Michael, popularly known as the “Swing King,” has presented an analysis predicting a similar rally above $3. In a parallel tweet, he also mentioned the disbelief among some market participants when he previously called for an XRP price surge at $0.5.
The experienced trader stated that XRP is on the cusp of a second parabolic expansion to above $3, implying a bullish continuation from a recent structural break. For perspective, he highlighted an earlier analysis from July 2024, where he noted that XRP could be breaking from a 7-year bull pennant when prices were at $0.58.
Eventually, the asset defied the pattern in November, catalyzing the current bullishness. As a result, Crypto Michael remains upbeat that a second phase of rapid price development is imminent. “Doubt me at your own risk,” he warned.
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