XRP Will Rise To $3, Analyst Says

First, the analyst says the asset has been trading between $2.27 and $2.50, indicating a market move to build momentum for an upward price breakthrough. XRP might drop to $2.17 if its price falls below $2.27, according to a prior forecast.

Analyst highlights that XRP must finish above $2.50 on its hourly chart to start an uptrend, which should result in a large price rise. Next, the altcoin should test $2.60. This means market bulls should purchase heavily at this price level to serve as a solid support zone for future price gains.

Analysts expect XRP to continue its bullish trend after a successful retest at $2.60, achieving a local top of $2.90, 24.4% below its all-time high.

Possible 2017 XRP Repeat Predicts January ATH

Analysts have suggested that XRP might repeat its 2017 bull run after its November price spike.

Crypto Bull has said that XRP might reach a new all-time high on January 2 if the 2017 cycle repeats. The crypto researcher also expects cryptocurrency to trade at $10 on January 15, 4.16x XRP's current price.

XRP aficionados like XRPE_Nomad predict the cryptocurrency to perform better than in 2017 because to its greater usability and regulatory certainty.

After Donald Trump's election, the third-largest cryptocurrency has been optimistic about the SEC's removal of Gary Gensler and a quick resolution of the Ripple legal dispute.

In the last day, XRP has lost 1.18% to $2.40. Meanwhile, the coin's $7.48 billion daily trading volume fell 16.67%.

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