XRP Bulls Predict Triple-Digit Rally, New ATH in Sight

Crypto analyst Egrag Crypto has recently shared an optimistic outlook for the XRP price, predicting a significant rally in the next bull cycle. According to the analyst, XRP could reach triple digits, with a price target of $110. This prediction is based on Egrag Crypto's 'Just Do It' chart analysis, which suggests that the measured move of the cup pattern has formed well within the arc, indicating a strong bullish trend.

In addition to the $110 price target, Egrag Crypto also predicted that XRP could reach double digits in the current market cycle, with a potential top around $13. The analyst emphasized that a close above $3.11 could lead to a new all-time high (ATH) for the crypto, as XRP's current ATH is $3.84.

Another crypto analyst, Mikybull Crypto, also shared a bullish outlook for XRP, predicting a rebound to as high as $4, which would mark a new ATH for the crypto. Mikybull Crypto's chart analysis suggests that this rally could happen as early as this month. Additionally, Dark Defender, another crypto analyst, predicted that XRP could soon surpass the $5 mark, with a short-term target of $5.85 and $8.76.

While some analysts are bullish on XRP, others believe that the crypto is still in a consolidation phase. CasiTrades, a crypto analyst, noted that XRP has been consolidating and that it is possible to have one more low before the price correction is completed. CasiTrades also highlighted key support levels at $1.92 to $1.88 and adjusted buys to $2.09, $1.92, and $1.53.

Despite the differing opinions, it is clear that XRP has the potential for significant price movements in the coming months. As always, investors should exercise caution and conduct thorough research before making any investment decisions.