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The crypto markets are ticking higher today. Bitcoin is up 3% in the past 24 hours, trading at $108K. XRP also saw a boost, rising 3% to $2.25 after a 7% rally yesterday. Here’s a breakdown of what analysts are predicting for the XRP price next.
Bullish Targets for XRP
Analyst Javon Marks says XRP is holding strong after a clear breakout and could be gearing up for a bullish run. His targets are set at $4.80 and $8.00.
Trader CW pointed out that XRP is pushing against a major sell wall, and if it breaks through, the next target is $2.60. Meanwhile, the on-chain and trading activity is also picking up. Analyst Ali Martinez reported 1.12 million active XRP addresses last week, showing strong network activity.
XRP Sees Big Jump in Whale Activity
According to Santiment, over the past week, an average of 295,000 XRP addresses have been active each day, far above the usual 35,000 to 40,000. For the first time, more than 2,700 whale and shark wallets are holding at least 1 million XRP, which shows growing confidence among major players.
XRP is finally showing signs of a comeback after breaking key resistance levels. It is also holding above key moving averages.
Can XRP Price Go Parabolic?
Analyst Egrag Crypto has pushed back against claims that XRP’s cycle top was $3.40. He believes the real peak is much higher and XRP could still surge to between $10 and $27. Any big correction would likely come after XRP hits higher levels.
XRP looks set for a solid recovery, but the breakout is not confirmed yet. If it breaks above both the descending trendline and key horizontal resistance, it could rally toward the $3.40 all-time high.
XRP has been moving between $2 and $2.65 for several days, showing clear buying near $2 and selling pressure around $2.65. If the buyers can keep XRP above the moving averages, a move toward $2.65 is likely. But if XRP falls below $2, the trend may turn bearish and drag it down to $1.61.