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Crypto analyst Crypto Michael, who called the XRP price surgewhen it was trading at $0.5, has predicted the altcoin’s next move. Based on his prediction, XRP is set to sustain its current bullish momentum and possibly rally to a new all-time high (ATH) soon with a breakout above $3. Analyst Predicts XRP Price Surge Above $3
In an X post, Michael predicted a second parabolic rally once the XRP price breaks the psychological $3. The analyst made this prediction while revealing that he had called this current XRP rally while the altcoin was still trading at $0.5. Indeed, last year, he stated that a historic breakoutwas incoming for the altcoin. Related Reading Analyst Who Called XRP Price Surge At $0.5 Says Surge To This Level Is Coming 7 hours ago
Back then, he highlighted a unique 7-year-long bull pennant that had formed for the XRP price. Based on that bullish pattern, the analyst remarked that market participants might be about to witness one of the most significant breakouts in crypto history. XRP eventually broke outand became the second-best-performing asset among the top 10 cryptos by market cap in 2024.
Crypto analyst CasiTrade recently stated that the XRP price could witness an explosive move above $3 if it breaks and holds above $2.69. This means the projected parabolic rally for XRP above the $3 mark could happen soon. This rally could send the altcoin above its current ATH of around $3.84.
Crypto analyst Ali Martinezalso suggested that the XRP price will unlikely encounter any major resistance as it targets a run to a new ATH. In an X post, he cited Glassnode data as he revealed that XRP has no major resistance clusters ahead. Meanwhile, the analyst noted that the key support zone is $2.38. Source: Ali Martinez on X A Rally To Double Digits In This Cycle?
Several crypto analysts have predicted that the XRP pricecan rally to double digits in this market cycle. In an X post, Pepa stated that the plan stays the same for XRP. His accompanying chart showed that he expects the altcoin to rally to as high as $30 by year-end or the start of next year. Related Reading XRP Price To Rally To $6: Partially Completed Wave 5 Says There’s Still Room To Run 5 days ago
Crypto analyst CrediBULL Crypto also recently alluded to a previous analysis in which he predicted that the XRP price would reach $28 by year-end 2025. This move is expected to mark Wave 5 on his Elliott Wave Theory analysis. Similarly, analyst Egrag Cryptostated that XRP will reach between $27 and $33 in this cycle. Crypto analyst Mikybull Crypto offered a more conservative target, predicting that the altcoin will reach between $4 and $6 in this cycle.
At the time of writing, the XRP price is trading at around $2.52, down almost 2% in the last 24 hours, according to datafrom CoinMarketCap. XRP trading at $2.47 on the 1D chart | Source: XRPUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com