XRP is trading at the $2.30 price range and is mostly moving sideways in the charts in May. The leading altcoin is consolidating in price after spiking more than 300% in a year. Bulls are eager to push it above the $3 mark again and have it breach its all-time high of $3.40, which it reached in January 2018.
Also Read: Ripple: Will Elon Musk Integrate XRP On X?
A recent price prediction on TradingView indicates that XRP is on track to reach the $4.5 mark next. The chart estimates that the leading altcoin is gaining support at the $2.30 range and its resistance level will be tested. The bears had more than three weeks to pull its price down but failed to make it plummet.
XRP Price Prediction: $6.29 on the Horizon
The strategist explained that XRP has more chances of holding on to its resistance level and pulling above its weight as its price has been consolidating for three weeks. The first price target for the leading altcoin is at $4.5 and the second estimate indicates that its price could reach the $6.29 range.
Also Read: Last Chance to Buy XRP Under $3, Warns Top US Exchange
That’s an uptick and return on investment (ROI) of approximately 170% from its current price of $2.30. Therefore, an investment of $1,000 could turn into $2,700 if the forecast turns out to be accurate. “There is a small support zone around $2.30 that has been tested and retested. You can truly hit the gas now, go all-in on XRP,” read the prediction.
Apart from XRP, several other altcoins are projected to spike in value as Bitcoin climbed above the $109,000 level. The broader cryptocurrency market is brimming with optimism as institutional funds are finding digital assets lucrative. Even the US government is positioning crypto-friendly policies and aims to champion blockchain technology. The markets will have a better future if these policies continue well within the next decade.
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