Analyst Estimates XRP Value to Soar Beyond $20 in Unforeseen Upsurge
XRP Remains Bullish as Analysts Predict Price Surge
In spite of the ongoing price volatility, XRP continues to attract bullish attention, with its current trading price hovering around $2.30. Recent activity on social media suggests a possible move towards double-digit prices, as prominent analysts express optimism about an imminent rally.
JackTheRippler, a widely followed XRP analyst with nearly 390,000 followers, has asserted that XRP is due for a significant price increase without warning. His remark echoes the spontaneous nature of XRP's previous major moves, particularly the Q4 2024 surge that propelled the XRP price to multi-year peaks and just shy of its 2018 all-time high of $3.40.
JackTheRippler's post includes a chart depicting a textbook Elliott Wave structure. According to the wave count, XRP has completed wave (i) and is currently in the midst of a corrective wave (ii) structure. If the wave count holds, wave (iii) would be powerful, as it is the strongest wave in Elliott theory. The analyst's projection estimates that the impulsive wave (iii) would push the XRP price towards $16 before another wave (iv) consolidation. Finally, the projection suggests that the final wave (v) could stretch XRP's price into the $30+ range.
Another analyst, STEPH, has shared a chart that offers a slightly different bullish outlook. Unlike JackTheRippler's wave-based projection, STEPH's chart breaks down XRP's rally into three distinct momentum phases labeled Pump 1, Pump 2, and the upcoming final pump. STEPH's chart predicts a final third pump that could take XRP directly into the $25 to $40 range.
While these analyses present an optimistic view of XRP's future, it is important to note that widespread confirmation is still necessary. A breakout above $3.40 with high volume would provide such confirmation and likely spur inflows of new capital into XRP. Until then, the cryptocurrency is in an accumulation phase. At the time of writing, XRP is trading at $2.29, down by 0.3% in the past 24 hours.
It is worth noting that while some analysts and researchers speculate that XRP could reach $20–$30 or higher in the long term, such predictions remain speculative and unconfirmed by mainstream analysts or institutions. Mainstream analysts tend to offer more conservative forecasts, with long-term targets ranging from $10–$20 by 2030, considered a more realistic range.
In summary, the current bullish sentiment surrounding XRP is based on technical analysis and social media predictions, but widespread confirmation is still needed. The long-term price targets of $20 or higher remain speculative and unconfirmed, especially for analysts named JackTheRippler or STEPH.
Investing in XRP could offer significant returns as influential analysts like JackTheRippler predict a price surge, with potential prices reaching as high as $30+. However, it's crucial to remember that these forecasts are based on technical analysis and social media activity, and wider confirmation from mainstream finance and investment institutions is yet to be seen.
Despite some analysts speculating XRP could reach $20-$30 or higher in the long term, these predictions are yet to be fully confirmed by the finance and investing community, with more conservative estimates suggesting prices of around $10-$20 by 2030.
