Is Ripple (XRP) Poised for a Massive Breakout Rally? Analysts Weigh In
TL:DR;
- The third-largest cryptocurrency has been trading within this high range for the first time in its history, which some analysts believe is an indicator of a future price rally.
- As usual, many industry commentators continue to be bullish on the asset, outlining predictions of up to $14.
XRP to Break Out Soon?
XRP went on a roll after the US elections as its price skyrocketed from under $0.6 in early November to just shy of its 2018 all-time high (according to CoinGecko) of $3.4 in mid-January. It surpassed numerous alternative coins in the process, becoming the third-largest digital asset with a market cap of $180 billion at press time as its price has retraced slightly to $3.13.
What’s particularly compelling about its price movements is the fact that it has remained predominantly above $2 ever since it broke above that level on December 1. Popular XRP commentator JackTheRippler outlined this milestone, indicating that the asset has “never been so long in the $2-$3 range in its entire history.” As such, they predicted an upcoming major breakout should this consolidation end soon.
The price of #XRP has never been so long in the $2-$3 range in its entire history!
XRP is currently preparing for a major breakout. pic.twitter.com/e5NAOPJl25
— JackTheRippler ©️ (@RippleXrpie) January 30, 2025
Fellow analyst Altcoin Sherpa also weighed in on the recent price actions, saying that “dino coin price action” such as XRP and LTC is a “sight to behold.” On the other hand, Alexander Lorenzo told his 30K X followers that he is “about to go all in on XRP.”
$4.5 or $14?
The XRP Army has long been known for highly bullish comments and beliefs even when the asset’s price seemed stuck for years below $1 after the 2017/2018 bull market, especially following the SEC’s lawsuit against the company behind the cross-border token.
STEPH IS CRYPTO, a digital asset commentator with over 40,000 followers, provided two such optimistic price predictions for XRP. His short-term target would require the asset to break its 2018 ATH of $3.4 and jump to $4.5. The mid-term goal is even more spectacular – $14 per XRP. Should such a massive target be reached, XRP’s market cap will skyrocket to $810 billion, which would be twice as big as ETH’s now.
Multiple ACTIVE price targets for #XRP in the short and mid term
Short term target: $4,50
Mid term target: $14 pic.twitter.com/LZovfwHQQl— STEPH IS CRYPTO (@Steph_iscrypto) January 30, 2025
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