#山寨季來了？ XRP Price Correction Behind: Analysts Predict a Strong Rebound Coming
This month, the price of $XRP dropped by 12.57% amid widespread market uncertainty, a decline that occurred during an upward trend that began in November 2024, seemingly indicating a possible correction. Market analyst Egrag Crypto previously pointed out that XRP needs to complete the filling of the symmetrical triangle structure, which brought a glimmer of confidence to investors. However, despite the monthly candlestick chart showing a bearish trend, another analyst, Steph, holds a different view, predicting a strong rebound is imminent.
He reviewed three significant corrections of XRP since 2013, which occurred from August to December 2013, from March 2017 to January 2018, and from April 2020 to April 2021. He joked: “Red alert! XRP is about to crash... I’m busy panic selling!” However, this remark carries deeper meaning, as after these corrections, XRP experienced significant price increases.
In Steph's 1-month XRP chart, we can clearly see this. For instance, during the first upward trend, XRP skyrocketed by 946% in December 2013, reaching $0.06144. The second surge was even more astonishing, with an increase of 68,300%, hitting $3.8 in January 2018. The third surge also saw XRP achieve a growth of 1,031%, reaching $1.96.
Stephen predicts that the upcoming fourth surge will push the XRP price to new double-digit heights. Although he did not specify a concrete target price, the chart indicates that XRP has the potential to challenge the $100 mark. However, this prediction has also raised skepticism among some market commentators, who believe that the market capitalization required for this price level is excessively large.
In addition to Steph, other analysts also hold an optimistic view of XRP. They discussed potential positive factors, such as XRP possibly being included in the U.S. digital asset inventory and ETF development. For instance, analyst Polly expects XRP to reach $6 this month. Bitcoin supporter Davinci Jeremie is even more aggressive, believing XRP could rise to $24. Currently, XRP is trading at $2.65.
$XRP #
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