TL;DR
- Analysts expect a bullish future of XRP. They anticipate a significant price increase up to $2 by July, due to market and technical indicators.
- Optimism is fueled by Ripple’s legal developments and the Bitcoin halving event, with some predictions suggesting XRP could reach all-time highs beyond $5.85.
What is the future of XRP?
Ripple’s XRP has not recorded the same spectacular price ascents as other cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Shiba Inu (SHIB), and many more lately. Currently, it trades at around $0.62 (per CoinGecko’s data), a 10% increase on a two-week scale.
But many analysts are confident that this asset will make up the difference in the coming weeks, and enjoy a significant bull run.
Dark Defender, X is the user claimed that XRP closed February above a critical resistance level, which suggests a possible “monthly breakout.” The analyst predicted the asset’s valuation could skyrocket to almost $2 by July this year.
EGRAG CRYPTO was one of the few people who agreed with this forecast. Crypto enthusiast presented The chart shows that XRP is closing above the 21 Exponential moving average (EMA) since Sept 2022. The move signals the asset’s…
