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.
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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.
Is $3 Just the Beginning?
Interestingly, other analysts have called for far higher prices for XRP, suggesting that a rally above $3 could be a fraction of what is on the horizon. For context, analyst JD predicted a fivefold price rally, possibly to $12.45, citing super bullish MACD and Stoch RSI signals.
Furthermore, a report from @Lachakari_Crypto highlighted an analysis insisting that XRP could easily surpass $10 this cycle. The commentary explained the token would easily trade at $17.8 if it reclaims 2018’s 31.33% market dominance.
At the time of writing, XRP trades at $2.58, up 3.17% in the past 24 hours.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
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