$XRP Price Surges To $2.6: Top Analysts Predict It May Never Drop Below $2 Again - CoinPedia Analytics

XRP has surged as a standout performer in the ongoing crypto bull market, closing November with an astounding 283% gain—the largest in seven years. Now priced at $2.6 after reaching a high of $2.9, experts believe XRP may never drop below $2 again.

Crypto analyst EGRAG highlights $2 as the new macro support, replacing the previous $0.50 level. This shift signals a strong foundation for further growth, with bulls prepared to defend against significant pullbacks. EGRAG also anticipates a historic yearly candle close in 2024, with XRP already up 313% this year.

Veteran analyst Raoul Pal shares this optimism, noting XRP’s price chart mirrors the wedge pattern from 2017, which preceded a 5,600% rally to its all-time high of $3.31 in January 2018. While Pal tempers expectations for such explosive growth, the current breakout has rekindled hope for new highs.

Key resistance lies at $2.85, with targets of $3.00 and beyond. As market sentiment remains bullish, XRP’s next moves could solidify its role as a top contender in the crypto space.