XRP News Today: XRP Price Predicted to Surge 570% by July 24th

Crypto analyst Waters Above has predicted a significant surge in the price of XRP, forecasting that the altcoin could reach $15 by July 24th. This prediction is part of a broader analysis that suggests an 'XRP Summer,' during which the altcoin is expected to experience a substantial price rally. According to Waters Above, the current stage of XRP's price movement mirrors the 2017 cycle, where the altcoin rallied to its current all-time high of $3.84. The analyst's chart indicates that the altcoin is poised for a Wave 5 impulsive move, which could see it top at $15 before entering another consolidation phase and eventually rallying to a new all-time high.

Waters Above's earlier analysis provided a more detailed breakdown of the potential price rally. He suggested that the bottom of XRP's price could be reached between June 4th and 6th, with a straight-line breakout to $10 expected after June 18th. This rally to $10 aligns with the recent $15 prediction by July 24th. Another analyst, CryptoInsightUk, offered a different perspective, suggesting that XRP's price must first crash to between $2.01 and $1.95 to flush out leveraged longs before it can rally to double digits.

Crypto analyst Egrag Crypto also weighed in on the potential price surge, predicting that July 21st would mark the cycle top for XRP. According to his analysis, the altcoin is on track to reach its cycle peak by July 21st, with the possibility of extending to November 9th if the 110-day offset still holds. Egrag Crypto's chart showed an average target of $29 for XRP, with a potential rally to as high as $46, representing a 2,500% gain. The minimum target for this projected rally is $12.

At the time of writing, the XRP price is trading at around $2.23, reflecting a slight increase of over 1% in the last 24 hours. This current price level sets the stage for the potential price surge predicted by the analysts, with the market eagerly awaiting the developments in the coming weeks.