Meanwhile, data shows that the price of XRP at the time this article was written was US$0.5277, up 1.48% from the previous day. However, over the last seven days, this token has experienced a bearish trend, down 0.18%.

Additionally, CNF has reported Ripple's intention to release 400 million tokens in the largest monthly XRP dump since 2017.Will XRP Price Hit US$30? Analysts Share Bold Predictions

Analysts expect a significant jump in XRP prices, despite the current bearish trend.

Ripple is planning a massive token dump, releasing 400 million tokens.

Crypto analysts are predicting big upside for XRP despite the crypto's disappointing price movement. Specifically, DustyBC analysts have predicted a “god cadle” that will push the price of XRP to unprecedented levels. This year should see this much-awaited parabolic shift.

XRP Price Will Rise To US$30 In The Near Future.In a chart he just posted on his X platform, crypto researcher DustyBC predicts that XRP will see a “god candle” that will push its price to $30. this cryptocurrency is about 4,000%. This sharp price increase is predicted to occur later this year, claims DustyBC.

DustyBC predicts that XRP will stage a breakout after years of consolidation based on analysis of the symmetrical triangle pattern. With a long period of consolidation since 2017, DustyBC thinks a parabolic rise is possible. Another analyst, CasiTrades, also has an optimistic opinion about XRP.

Triangle Completion 2,245 Days

CasiTrades described XRP as offering what he called the opportunity of a lifetime as it nears the completion of the 2,245-day triangle in a post on CasiTrades recently claimed that a breakout is imminent after XRP consolidated further for several days.