The post XRP Price Breakout Alert: Short, Mid and Long Term Scenarios Revealed appeared first on Coinpedia Fintech News
XRP’s chart shows it’s holding up better than many other altcoins and at press time, XRP is up by more than 1% and is trading at $2.16. On the Thinking Crypto podcast, Caleb Franzen, founder of Cubic analytics, gave a detailed analysis of what’s happening with XRP and where it could head in the short, mid, and long term.
Short-Term Outlook (Next Few Weeks to Months):
Right now, XRP is holding strong above its 200-day moving average cloud, which sits between $1.76 and $1.80. This is key because it shows XRP’s resilience even when the broader crypto market is shaky. While the price action isn’t super bullish, the fact that XRP stays above this level is a good sign.
(Source: @Wealthmanagerrr)
Some charts even hint at a possible “head and shoulders” pattern, which could mean a pullback. But as long as XRP holds above that $1.76 support, it’s not all bad news.
Mid-Term Outlook (Next 6 to 12 Months):
Next, XRP’s relative strength stands out compared to other altcoins. While many coins are trading below their 200-day averages, XRP is holding its ground. This could mean a possible breakout if the overall market improves. If XRP manages to break above key resistance levels, we might see a price surge towards $3 or higher. However, the market’s cautious mood means we’ll need to see strong bullish signs before getting too optimistic.
Long-Term Outlook (1 to 2 Years and Beyond):
For the long haul, XRP’s story is tied to regulatory developments and broader crypto adoption. If the market turns bullish again, XRP could ride that wave. Analysts are watching closely for signs of a sustained trend above the 200-day average, which could lead to a new bull run. In the best-case scenario, XRP could reach $5 or more, but that’s contingent on positive market conditions and potential regulatory clarity.