Crypto analyst Egrag Crypto has forecasted that XRP could soar to as high as $4.96 after its breakout above $1. This price surge is supported by a significant increase in XRP's market capitalization, which has recently surpassed key Fibonacci levels. Egrag highlighted that XRP's market cap is nearing $60.06 billion, suggesting further potential for growth. Alongside this, XRP whales have been actively accumulating large quantities of XRP, which could fuel a sustained price rally.

Other analysts, such as Javon Mark, predict a potential 190% rally, bringing XRP closer to its all-time high of $3.30. Meanwhile, Charting Guy has drawn comparisons to XRP's 2017 bull run, noting that the current expansion of the monthly Bollinger Bands echoes the conditions that led to its massive 61,000% gain during that period.