Despite optimism from the community and prominent analysts, XRP has faced a tumultuous year. Despite impressive growth within the cryptocurrency market, XRP’s price has dipped by around 14% in 2024.
This underperformance has sparked debate among analysts, with some attributing the decline to price suppression tactics and others pointing towards a broader market correction.
A common explanation for XRP’s sluggish price movement centers on price suppression. Some argue that Ripple, the company behind XRP, is manipulating the market by periodically selling large quantities of tokens, thereby driving the price down.
However, Ripple’s Chief Technology Officer (CTO) David Schwartz has consistently refuted these claims, emphasizing that XRP sales play a vital role in funding the ongoing development and operations.
Can XRP Repeat History?
Despite the current bearish sentiment, several analysts remain optimistic about XRP’s prospects. They point to XRP’s historical price surge in 2017, where the token witnessed a staggering increase of over 48,000%. This dramatic rise, following a period of underperformance, fuels hope for a similar breakout in the coming years.
Market analysts have proposed a range of potential price targets for XRP, reflecting the inherent uncertainty within the cryptocurrency market. Crypto analyst EGRAG has predicted a climb to $27 multiple times. However, other analysts have higher targets, with some setting an ambitious $100 target for the digital asset.
The Path to $100
$100 is significantly higher than XRP’s current price, but multiple analysts have set timelines for XRP to reach this price. Changelly analysts, for example, anticipate XRP hitting $100 by April 2040, with a projected average price of $104.62 and a maximum price as high as $121.18. This forecast suggests a continued upward trajectory for XRP.
Changelly’s analysts believe XRP can also reach the $200 and $300 targets in the same year, with a maximum price of $222.57 in August 2040 and a maximum price of $323.95 in December 2040.
Telegaon, a crypto prediction platform, presents a more conservative outlook compared to Changelly. Their analysis suggests XRP might only reach $100 by 2050, with a maximum price of $105.27, lagging behind Changelly’s prediction by a significant margin.
CoinCodex, a market analysis platform, stands out with a notably bearish forecast for XRP. They predict that XRP will continue its underperformance throughout the current and subsequent cycles, with a maximum price prediction of $2.45 in 2029 and $1.7 in 2030.
However, there are more bullish predictions for XRP, as a prominent analyst recently predicted a rocket rally by Summer, and many others believe a massive rally is imminent.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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EGRAG CRYPTO (@egragcrypto), a popular crypto analyst on X, recently shared a chart highlighting a potentially bullish signal for XRP. The analysis focuses on the Relative Strength Index (RSI) in the monthly timeframe.
The RSI is a significant technical indicator used by investors to gauge the momentum of an asset’s price movement. It measures the magnitude of recent price changes to assess whether an asset is overbought (above 70) or oversold (below 30).
Generally, an RSI reading below 30 suggests an oversold condition, potentially indicating a buying opportunity. Conversely, an RSI above 70 suggests an overbought condition, potentially indicating a selling opportunity.

XRP at the Lowest RSI in History
EGRAG CRYPTO’s analysis points towards the current monthly RSI for XRP being at its lowest point in the coin’s history. At the time of his analysis, XRP had an RSI of 38.02. This, according to the analyst, signifies a positive development. The underlying logic is that such an extreme low in RSI suggests the asset may be oversold, potentially leading to a price correction upwards.
The analyst further emphasizes the upward curvature of the RSI on the monthly chart. This curvature suggests a potential shift in momentum, with the RSI potentially beginning to rise. However, EGRAG CRYPTO acknowledges a “long road ahead” for the RSI to reach traditional overbought territory (above 70 or even 80), suggesting a long period of bullish momentum.
Another prominent analyst recently predicted that something big is coming for XRP, and analysts have been pointing out a lot of positive technical indicators recently.
Implications for XRP Investors
The historically low RSI and its upward curvature suggest a potential for a price increase in the future. The analyst encourages the XRP community to stay strong, implying that despite the current low price point, there could be benefits from long-term holding.
EGRAG CRYPTO has always been a strong proponent of XRP. Just like him, many other analysts can see the immense potential of this digital asset. Despite its prolonged underperformance, they realize that a big turnaround is just around the corner.
While future price movements remain uncertain, the historically low RSI suggests a possible reversal from the current lows. Although EGRAG CRYPTO did not provide a specific target, he recently predicted that XRP’s market cap would reach $3 trillion, potentially sending the digital asset above the $50 mark.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple

XRP is one of the alternative cryptocurrencies that continues to have a sizable following despite the fact that it has been doing poorly over the course of the last several years. While everything is going on, predictions for the alternative cryptocurrency have been all over the place, ranging from optimistic to negative, particularly over the long run. On the other hand, the machine learning algorithm that CoinCodex uses forecasts that there will be some degree of bullishness for XRP in the near future at the very least.

There will be a 20% increase in XRP in June.

There are a variety of assumptions about the cryptocurrency market and the potential direction it may take from this point forward as the month of May comes to a close and June begins to come into view. In the case of XRP, the machine learning algorithm that is used by CoinCodex forecasts that the month of June will be positive for the cryptocurrency.

Taking into consideration the current price of XRP, the website's projection timescale for one month indicates that the price might reach a maximum of $0.627709, which would represent an increase in price of more than twenty percent or more. Despite the fact that the website indicates that sentiment is becoming more gloomy, this prognosis is therefore followed by greed among investors.

The machine learning algorithm is equally positive on the price of XRP in the near term, and it anticipates a significant increase in price when it comes along. According to this forecast for the next five days, the price of the alternative cryptocurrency is expected to rise by almost 24 percent, reaching a maximum of $0.6448.

According to the machine learning algorithm, the general attitude of XRP, as measured by a variety of indicators, indicates that it is bearish. To take advantage of the widely held concept in the world of finance that "Buy when there is blood in the streets," this might, on the other hand, provide a chance for investors to enter the market before it experiences a spike. To put it another way, this implies purchasing when the majority of investors are negative.

One factor that continues to be a driving force behind the confidence in XRP is the anticipation that the United States Securities and Exchange Commission (SEC) would soon grant clearance for a Spot ETF to be issued by the cryptocurrency. In light of the fact that the regulator has given its approval to Spot Ethereum ETFs, the debate of whether or not Ethereum is considered a security has been ultimately resolved.

Many people in the industry are of the opinion that given that Ethereum was successful in obtaining clearance for a Spot ETF, it is not completely out of the question for XRP, which is now engaged in a dispute with the regulator questioning its security status. At the Consensus 2024 Conference, Ripple CEO Brad Garlinghouse expressed his belief that three alternative cryptocurrencies, namely Solana, XRP, and Cardano, had the potential to get permission from the SEC to be traded as exchange-traded funds (ETFs).

At the time of this writing, the price of the alternative cryptocurrency is still unable to break through the $0.52 resistance level and transform it into a support level. In the previous week, it has had a decline of 2.47%, and it is now trading at $0.518.

#btc70k #altcoins #XRP #Ripple #June $XRP

XRP investors have endured a lengthy period of uncertainty, with the token lingering within a tight accumulation zone for the past seven years.
This price pattern, established in 2017 following a significant bull run, has failed to yield a decisive breakout, leading to investor apprehension. However, recent technical analysis suggests a potential shift in XRP’s fortunes, with several analysts predicting a significant price increase in the coming months.
Crypto analyst Babenski, in a recent analysis published on TradingView, has bolstered XRP investor sentiment by highlighting the possibility of a breakout from the long-standing accumulation trend. Their analysis suggests that XRP is currently attempting to overcome this price barrier, with a higher likelihood of success compared to previous attempts.
The extended accumulation period began in 2017, following a notable surge in XRP’s value. While the community anticipated a breakout during the subsequent 2021 bull market, a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple in 2020 significantly impacted XRP’s price trajectory. It hurt XRP’s adoption by major institutions in the U.S. and prevented it from reaching a new all-time high in 2021.
Despite securing a partial victory against the SEC in 2023, XRP has remained within the established range, failing to surpass the $1 mark. As the cryptocurrency market anticipates a bull run in 2024, XRP might finally be poised for a breakout and a period of significant appreciation.
Potential for a 12-Fold Increase
Babenski’s analysis outlines a potential scenario following a breakout from the accumulation zone. His forecast indicates a substantial price surge, exceeding 1200% growth, which could propel XRP to a price point of $6. This upswing would establish a brand new all-time high for the cryptocurrency.
Babenski’s prediction aligns with the viewpoints of other cryptocurrency analysts who foresee a breakout for XRP in 2024. Mikybull Crypto (@MikyBullCrypto), a prominent crypto analyst on X, recently predicted a climb to $6, adding credence to Babenski’s prediction.
XRP is trading at $0.5252, with a minor 0.05% decline over the past 24 hours. Although its price doesn’t show it, the bullish sentiment surrounding XRP is significantly high. Analysts are confident in an upcoming surge, and the community is fervently waiting. The next few weeks will be intriguing as they could be historic for XRP.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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Solana (SOL) has been making waves in the cryptocurrency market with a recent breakout from a key technical pattern. This bullish signal has ignited optimism among investors, with some analysts like Trader Tardigrade predicting Solana’s potential to surpass the $1,000 mark and reach $1,600 by the end of 2024.
Technical Breakout Suggests Continued Uptrend
Analysts are focusing on Solana’s chart patterns, specifically its recent breakout from a second ascending triangle formation. Ascending triangles are generally considered bullish continuation patterns, indicating that a price increase is likely after a period of consolidation.
Solana’s first ascending triangle emerged between May and August of 2021. This pattern culminated in a breakout in August, which was followed by a significant price increase that pushed SOL to its all-time high in November 2021. After reaching its peak, the price entered a corrective phase until early 2022.
Interestingly, a second ascending triangle formed between May and August of 2022, mirroring the earlier pattern. This formation again suggested pent-up buying pressure and a subsequent breakout from this triangle fueled another price breakout.
The current market scenario presents a similar situation. Earlier this year, Solana established its first ascending triangle of 2023, which led to a breakout and price surge towards the end of the year. Following a retracement, a second ascending triangle materialized in April 2024, coinciding with the broader market uncertainty.
The recent breakout from this second triangle is a positive technical indicator for Solana. Historically, similar breakouts have been followed by strong upward movements, and analysts are confident that this trend will hold once again.

Potential for a Solana ETF Further Boosts Optimism
Beyond technical analysis, additional factors are contributing to the bullish sentiment surrounding Solana. Industry leaders are speculating that Solana could be the next cryptocurrency to be included in a spot exchange-traded fund (ETF), similar to the existing Ethereum ETF.
While Bloomberg ETF analyst James Seyffart suggests that a Solana spot ETF is unlikely to arrive before 2026, he acknowledges that the recently passed pro-crypto bill could potentially expedite this timeline. An ETF listing would undoubtedly increase Solana’s mainstream appeal and potentially lead to further price appreciation.
Solana’s technical indicators and positive industry developments are painting a promising picture for the future. The recent bullish breakout and analyst predictions suggest that Solana has the potential to experience significant price growth in the coming months. While regulatory hurdles may delay the launch of a Solana ETF, the possibility of such a product adds another layer of optimism to the overall outlook for SOL.
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This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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Technical indicators and recent market activity suggest a potential breakout for XRP, with some analysts predicting a significant price increase in the coming months. World of Charts (@WorldOfCharts1) recently identified a symmetrical triangle pattern on XRP’s chart, a technical formation often associated with price volatility and potential breakouts.
A symmetrical triangle is a chart pattern formed by converging trendlines, indicating a period of price consolidation. As the price fluctuates within the triangle, typically over several weeks or months, buying and selling pressures balance each other. This consolidation phase can be a precursor to a significant price movement upwards or downwards.
In the case of XRP, the symmetrical triangle has been forming over an extended period, as World of Charts traces its origin back to early 2020. This prolonged consolidation suggests a potentially strong breakout if the price surpasses the triangle’s upper trendline decisively.
How High Can XRP Climb? 
World of Charts projects a price target of $4 to $5 based on the symmetrical triangle formation in the coming months. The maximum target of $5 translates to a potential increase of over 847% from XRP’s current price of $0.5277, showing the immense potential possessed by XRP.
Supporting the bullish outlook for XRP is its current trading behavior. The digital asset is sitting above the $0.52 crucial support level. Despite a slight 1.37% dip over the last 24 hours, XRP’s price above this level suggests investor confidence and strengthens the possibility of a breakout from the symmetrical triangle.
Shared Bullish Expectations
Meanwhile, Dark Defender, another well-known crypto analyst on X, applied the Elliott Wave Theory and other technical analysis tools to XRP’s price movement. The Elliott Wave Theory posits that a bull market unfolds in five distinct waves, with the third wave typically characterized by the most significant price gains. Dark Defender believes XRP is in this wave, which he calls the Grand Wave 3, and expects massive surges soon.
EGRAG CRYPTO (@egragcrypto), another prominent analyst recently predicted that an XRP mega run is coming, and he expects the digital asset to reach double-digit targets.
The 12.09% surge in XRP’s trading volume over the last 24 hours also signifies growing investor interest and market activity. While future price movements are uncertain, investors are accumulating XRP, suggesting that the anticipated breakout could occur soon.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#XRP #Ripple