Here’s when $XRP could reach $250, according to analyst

Although the price of XRP has faltered in recent years, a crypto analyst has projected that the digital asset could have significant upside potential.

In an X post on July 11, The Great Mattsby indicated that, based on technical indicators and historical performances, XRP is poised for a possible rally to claim the $250 mark in the next few years.

According to the analysis, XRP is experiencing one of the tightest monthly Bollinger Band squeezes in its history, pointing to bullish sentiments. Notably, the Bollinger Band squeeze, a technical indicator signifying periods of low volatility that often precede significant price movements, further supports the case for a potential breakout.

Historically, such squeezes in XRP have led to dramatic price increases, adding weight to the prediction of a future surge. The last one resulted in a growth of 60,000%.

“XRP has one of the tightest monthly Bollinger Band squeezes in its history and in all of crypto right now. The last time it squeezed like that it shot up 60,000%,” The analyst stated."

The path to $250

The analyst noted that if the pattern plays out again, a 60,000% growth could propel XRP to a valuation of $250 by 2028.

Notably, the path to hitting $250 involves several stages of upward movement, indicating that the journey may be with periods of both rapid gains and consolidations. The green angle, in particular, is emphasized as a critical level that could guide XRP’s price toward the $250 target.