Top Analyst Says Buy XRP Now Before It Reaches $40

XRP Poised for Massive Surge

A well-known market analyst, Steph, has urged investors to accumulate XRP tokens in anticipation of a major price surge that could take XRP to $40. In his latest analysis shared on X (formerly Twitter), Steph highlighted a bullish outlook for XRP based on both short-term and long-term technical indicators.

Daily Chart: Inverted Head and Shoulders

On the daily chart, Steph identified an inverted head and shoulders pattern, which is typically a bullish indicator. According to his analysis, if XRP can achieve a daily close above the neckline at $0.65, it could signal the beginning of a strong rally. Currently, XRP is trading around $0.538, representing a modest 1% gain in the past 24 hours.

Should the breakout be confirmed, Steph predicts XRP’s next target could be $1.11, representing a potential 106.31% gain from its current price.

Monthly Chart: Symmetrical Triangle Formation

Steph is even more bullish on XRP’s monthly chart. He pointed out that the token is consolidating within a symmetrical triangle, a pattern that often precedes large price movements. A breakout from this pattern, he suggests, could catapult XRP to as high as $40 — a staggering 7,334% increase from today’s price.

Though Steph acknowledges the ambitious nature of this target, he believes it’s achievable if XRP’s technical breakout is confirmed. However, he also advises caution, noting that this price goal should be viewed as a “rough guideline.”

Broader Market Outlook

In addition to technical indicators, broader market conditions are also favoring XRP’s potential rise. Steph points out that the current reading of the Crypto Fear and Greed Index is at 33, indicating fear among retail investors. However, he argues this is a buying opportunity for savvy investors, stating that “smart money typically buys into fear.”