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Recent price movements of XRP in the cryptocurrency market have garnered significant attention due to various analysts’ intriguing predictions. Egrag Crypto indicates that XRP could reach double-digit levels in the current market cycle and suggests a potential target of $110 in the upcoming cycle. Other analysts highlight mid-term targets of $45 and $3.35, supported by technical indicators and fundamental developments, despite recent market downturns that have raised discussions concerning XRP’s long-term potential.
Potential Targets for XRP According to Analysts
Egrag Crypto’s analysis suggests that if XRP’s weekly RSI exceeds 71.50, it could trigger a parabolic rise. This scenario may first lead to double-digit levels, paving the way for the $110 target in the next cycle. The analyst emphasizes that if critical levels marked on the chart are surpassed, the price could rise rapidly.
Dark Defender posits that after a correction in the daily chart, XRP could initially rise to $2.42 and then to $45. The analyst notes that support levels at $2.22 and $2.04 must be maintained for the upward trend to continue.
Technical Indicators and Market Dynamics
Key technical indicators highlighted by analysts include RSI, Fibonacci levels, and volume movements. Egrag Crypto’s RSI analysis indicates signs of market recovery, while Dark Defender uses Fibonacci extensions to set target levels.
On the fundamental side, developments in the lawsuit between Ripple 
$2 and the SEC, along with public offering applications for XRP, are notable factors. These elements are viewed as potential drivers of increased investor interest in the cryptocurrency.
Tracking support and resistance levels is crucial for understanding short-term price movements. Analysts emphasize the importance of maintaining levels below $2 for the continuation of bullish scenarios.
