Analysts predict XRP price could surge by 360% to 600% following positive Ripple news.
Crypto analysts are optimistic about the potential price surge for XRP, with projections ranging from 360% to 600%. These bullish forecasts are attributed to strong technical patterns and positive legal developments in the market.
One key bullish indicator identified by renowned crypto analyst Egrag Crypto is an Inverse Head and Shoulders pattern on XRP’s chart. This pattern, if maintained, could drive XRP’s price up to $4.60. To sustain this momentum, XRP needs to hold support at $2 and establish $2.65 as a stable level. Breaking through the $3 resistance point could lead to a price range between $3.73 and $3.90, with a potential target of $4.60. Despite the positive outlook, Egrag warned of a possible distribution phase if major holders decide to sell off their assets.
Investors are closely monitoring technical levels and market developments as XRP gains attention. While most analysts are bullish on XRP, veteran trader Peter Brandt warned of a bearish reversal, noting a traditional Head and Shoulders pattern that could see XRP drop to $1.07 if key support levels are breached. As XRP’s price hovers around $2.10, traders are watching for signals of both bullish and bearish scenarios.
However, despite diverging views, market experts like Javon Marks and Dark Defender remain optimistic about XRP’s long-term potential. Marks has projected a 570% price surge, anticipating a target of $16 if historical market cycles repeat. Dark Defender has outlined a multi-wave rally that could drive XRP’s price to $5.85–$8.07 in the coming months, with a long-term projection of $23.20.
With Ripple’s recent legal victory following the settlement with the SEC, XRP’s market outlook has significantly improved. The resolution of the lawsuit has eliminated a major regulatory uncertainty, paving the way for greater institutional adoption. Ripple’s partnerships with major financial institutions like Bank of America also contribute to the asset’s long-term prospects, especially in cross-border payments.
Looking ahead to 2025, analysts predict a breakthrough year for XRP, with potential prices reaching $7 and possibly higher depending on market conditions. The price trajectory of XRP reflects past market trends, supporting the likelihood of a significant rally. However, investors are advised to anticipate possible corrections, given the conflicting sentiments surrounding XRP’s short-term prospects.
