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Despite seeming to lose momentum, analysts maintain optimism stating Ripple‘s XRP continues its upward trend. Crypto analyst EGRAG CRYPTO predicts that XRP could rise to $10 and even $50 by November 2024, with an average target level around $30. Dark Defender, on the other hand, forecasts that the popular altcoin could reach $11 by 2025 based on certain technical indicators.
Warnings to “Be Patient” for a Potential Price Surge
XRP has been consolidating around $0.60 in recent days and has experienced a roughly 7% decline over the past two weeks. Nonetheless, despite the ongoing decline, crypto analysts continue to make optimistic price predictions.
Crypto analyst EGRAG CRYPTO highlighted XRP’s impressive performance, reminding that the altcoin closed two consecutive months with green candles. The analyst suggested that a third green candle close at the end of November could foreshadow a significant rise. He argued that after a possible 5-month consolidation period, XRP could rise to $10 and potentially reach an impressive level of $50 by November 2024.
EGRAG CRYPTO commented on XRP, saying “Be patient. The average of these two targets is $30, and you know I always whisper my secret target of $27.”
Expectations of a Parabolic Rise for XRP
Another analyst, Dark Defender, claims that Ripple’s asset is on the brink of a significant rise. The analyst recently stated that he expects a parabolic rise in XRP if three critical factors are met.
The factors highlighted by the analyst include crossing a resistance level defined as SRSI, both SRSI lines closing above 80, and breaking above an 8-year trend line. While pointing to an $11 target for XRP, Dark Defender anticipates this expectation to be fulfilled by 2025.
- Analysts project XRP’s upward momentum.
- EGRAG CRYPTO suggests a $30 average target.
- Dark Defender foresees an $11 price by 2025.
