Ripple’s XRP has gained market focus as its price has surged parabolically. This comes amid criticism of the SEC actions by 18 US states. XRP price rose
However, even with the correction, the price is still in bullish territory for XRP. The $1.14 mark is now an immediate resistance level. A move above that will likely lead to $1.25 and possibly up to $1.50.
On the downside, key support levels include the $1.00 psychological mark, where buyers are likely to defend aggressively. As well, the $0.85–$0.90 range, which aligns with prior consolidation zones during XRPs ascent.
Analysts Eye Ambitious Price Targets for XRP Price
Many market analysts have given ambitious forecasts regarding the future of the XRP token, with some of them expecting it to reach record highs and even go further.
According to trader XMaximist, the token is on track to hit $3–$5 during the current supercycle, with bullish momentum driving the move.
$XRP went parabolic after the SEC faced criticism from 18 states over its regulatory approach towards crypto.
This appears to be on track to hit $3 to $5 in the super cycle.
Sold 50% of my bags for huge profits but will let the rest ride!
DYOR – NAFA
— MANDO CT (@XMaximist) November 19, 2024
XMaximist noted selling 50% of his holdings to cut losses while allowing the rest to float since he believes in the future potential of XRP.
Ripplelordz, another analyst, believes the upcoming bull run will differ from XRPs utility-driven growth phase. The analyst predicts XRP could reach $6–$10 with a potential surge to $15–$20 if an XRP ETF is launched.
#XRP NEWS FLASH The upcoming bull run for $XRP will differ from its utility-driven growth.
During the bull run, we can expect prices to reach the $6-$10 range. If there is a successful launch of an XRP #ETF, prices could soar to $15-$20.
In contrast, the utility run,…
— RippleLord (@Ripplelordz) November 18, 2024
Ripplelordz also predicts that a utility-driven phase, marked by mass global adoption, could drive XRP prices to unprecedented levels, starting at $100 and potentially scaling to $1,000 or even $10,000.
Other analysts have relied on technical indicators and chart patterns that suggest past occurrences to support their bullish outlooks. Observers claim that its Elliott Wave pattern suggests potential targets of $1.33 and $1.88, with the $1.88 level opening the way to $3.84, XRPs highs.
Historical precedents suggest that once these levels are breached, XRP could rally to targets ranging from $8 to $30, as seen in past market cycles.
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