$13 XRP? Analyst Says It’s Closer Than You Think
Analysts are predicting ambitious price targets for XRP, with some suggesting it could reach $13 under specific conditions. One prominent analysis highlights the $1.10 level as a critical support for launching XRP into an exponential rally. If sustained above this level, targets of $6.40 and $13 are considered plausible, driven by patterns like the "cup-and-handle" and historical growth trends in volatile assets.
Additionally, an Elliott Wave analysis suggests XRP is in a critical phase (Wave 3), which typically signals significant upward movement. This pattern estimates a possible rise to $13, or even higher, depending on broader market conditions and XRP's alignment with these wave cycles.
However, these projections hinge on market sentiment, regulatory developments, and XRP's ability to surpass key resistance levels. While such targets are exciting, they remain speculative and require careful monitoring.