Observe These Three Price Predictions for Ripple (XRP) in July

Analysts are predicting further gains for Ripple's XRP, with targets from $2.80 to over $3.50, and some even projecting a rally similar to 2017. XRP's recent surge to almost $2.30 can be attributed to the overall resurgence of the cryptocurrency market and Ripple's application for a license with the US national bank regulator. However, the relative strength index (RSI) nearing 70 signals potential overbought conditions, indicating a possible short-term correction.

Despite these bullish predictions, the current market cap of XRP needs to exceed $1.6 trillion to achieve a rally of the magnitude seen in 2017, a feat only accomplished by Bitcoin so far.