Analysts expect major shifts in the price of Ripple's XRP coin

According to CryptoPotato, analysts expect Ripple's XRP to see significant price shifts in the near future, with targets ranging from $1.88 to $2.50. Some models are forecasting the next 300 days for XRP, indicating fundamental changes in its valuation. The ongoing lawsuit between Ripple and the US Securities and Exchange Commission (SEC) could further impact the value of the asset, as many expect a positive outcome for Ripple.

Over the past week, the price of Ripple's XRP has seen a 6% increase, and is currently trading at around $0.53. This rise caught the attention of many analysts, some of whom predicted new peaks in the near future. Analyst Mikybull Crypto noted that the price of XRP has bottomed and is preparing for a significant upward movement. Another analyst, Captain Vibeke, supports this view, setting a medium-term target of $2.50 for the cryptocurrency.

Other analysts, such as Dark Defender and EGRAG CRYPTO, are also bullish on XRP, albeit in a more modest way. Dark Defender suggested that XRP has returned to a pattern that could see prices rise to $1.88. EGRAG CRYPTO has presented a Structural, Sentimental, Macro-Psychological Model (SSMP) depicting the next 300 days for XRP.