XRP Breakout: Expert Predicts %500 Surge After Triangle Formation
Technical analysis suggests XRP might increase after a mid-December slump. XRP, priced at $3.23, has gained 43% in the previous month, making it one of the strongest cryptocurrency performers.
This price rebound has catapulted the market's second-largest cryptocurrency to a seven-year high, approaching its 2018 $3.40 peak.
Positive XRP Forecasts
XRP might reach $15, a 365% rise from its current worth, according to the expert.
Supporting this positive forecast, XForceGlobal projected XRP values between $7 and $12, with more aggressive estimates reaching $20 to $40 and two probable routes:
A controlled drop by XRP in this period would foster bullish movement. The expert says this strategy may require a larger drop but offers the most returns for long-term holders.
Faster Route: The present five-wave rise may be part of a bigger main wave 5. This method might still take XRP to $7 to $12, but it signals the bull market may be over.
Mar Correction Possible, Expert Says
Experts like Egrag Crypto advise investors to be wary despite bullish expectations. March 2025 might see a major market downturn, according to Egrag.
The analyst also notes that the Relative Strength Index (RSI) remains optimistic, suggesting that XRP may expand in the immediate future. He expects XRP to hit $4–5 before a slump.
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XRP is at a key point, and its future might change its market position. XRP holders may succeed if they handle volatility, whether via slower or quicker means.
The currency is down 1.3% in 24 hours, trading at $3.23.
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