Key indicators signal that XRP's price might head north in the near future: check out which ones.
TL;DR
Analysts foresee a bullish future for XRP based on technical analyses and its overcoming of resistance levels.
Ripple’s ongoing legal battle with the SEC is crucial for XRP’s trajectory, but the case’s resolution may not occur this year.
Is XRP About to Join the Party?
Despite surging by 20% in a week, Ripple’s XRP still can’t compete with the recent gains recorded by Bitcoin (BTC) and many altcoins, particularly meme coins. Nonetheless, some of the top analysts who observe the asset’s trajectory on a daily basis remain certain that a bull run could be on the horizon.
The X user Dark Defender claimed that XRP has been “strolling strictly” around the Fibonacci level of approximately $0.64, while important indicators like MACD (Moving Average Convergence Divergence) and Ichimoku suggest a further uptick. According to the analyst’s latest prediction, the token’s valuation might surpass the $1 mark by the beginning of April.
Alex Cobb chipped in, too, arguing that XRP could explode to an all-time high in the upcoming months should it surpass the key resistance level of around $0.63. Recall that the asset exceeded that zone a few hours ago and is currently hovering at $0.65 (per CoinGecko’s data).
EGRAG CRYPTO also gave their two cents, outlining a long-term forecast. According to the analyst, XRP is poised for a substantial upswing in the next six years, possibly surging above $10 by 2030.
