Here’s when XRP could reach $250, according to analyst

Historically, such squeezes in XRP have led to dramatic price increases, adding weight to the prediction of a future surge. The last one resulted in a growth of 60,000%.

In the analysis, the expert shared a chart portraying what he termed the green angle, which has historically served as both a significant support and resistance level for XRP around the $0.4 mark. Historically, there have been instances where XRPs price has interacted with the highlighted green angle, reinforcing its significance as a support and resistance level.

“A $250 $XRP by 2028？ So a ±60000% $XRP does line up with the math of that green angle, which was also a very important support and resistance angle in the past (highlighted). Proof that its not impossible,” the expert noted.

Notably, the path to hitting $250 involves several stages of upward movement, indicating that the journey may be with periods of both rapid gains and consolidations. The green angle, in particular, is emphasized as a critical level that could guide XRPs price toward the $250 target.

Implication of XRP hitting $250

Indeed, if XRP reaches a valuation of $250, it will result in a significant market cap of $14 trillion. To put this into perspective, this figure would make XRP the most valuable asset based on the current valuations in both the crypto and traditional finance spaces, assuming other assets experience minimal growth.

Currently, XRP is trading above $0.44, consolidating within a range that has seen relatively stable movements over the past several months. As the chart suggests, this consolidation phase could be a precursor to a significant breakout.

Although The prediction of XRP reaching $250 by 2028 is undoubtedly ambitious, several fundamentals will likely spur a price breakout. For instance, the resolution of the Ripple and Securities Exchange Commission (SEC) case in favor of the blockchain firm could lead to significant asset price growth.

At the same time, the continued utilization of Ripples underlying technology to support cross-border payments could give XRP more utility.

XRP price analysis

As of press time, XRP was trading at $0.461 with daily gains of over 5%. On the weekly chart, the token is up over 11%.

Currently, XRP is showing short-term bullish momentum. The next targets are breaching the $0.50 mark and then aiming for $1. These milestones will be worth monitoring as they will likely open the door to claiming another record high.