XRP News Today: XRP Price Target Set at $20-$30 by Analyst Credible

An analyst known for accurate altcoin predictions has set an ambitious price target for XRP, suggesting that investors are not bullish enough on the fourth-largest crypto asset. The pseudonymous analyst, Credible, who has amassed a significant following on the social media platform X, believes that XRP is poised for a substantial rise before the current bull cycle concludes.

Credible points out that XRP has been consolidating above its prior all-time high (ATH) monthly close for eight months, indicating a strong foundation. The analyst highlights that the $2 level, which previously acted as resistance from 2017 to the end of 2024, is now serving as support for XRP. This shift suggests a bullish outlook for the altcoin, according to Credible.

The analyst's long-term investment in XRP, which was purchased at $0.18 in 2019, has already seen a more than tenfold increase. Credible expects this position to appreciate over 100 times by the end of the current cycle, with price targets ranging between $20 and $30. This optimistic forecast is based on XRP's clear and clean impulsive price action since its launch, which Credible considers one of the strongest in the market, second only to Bitcoin.

Credible's analysis underscores the potential for significant gains in XRP, despite the altcoin's current price of $2.27. The analyst's bullish stance is rooted in the belief that XRP's consolidation phase and its ability to hold above the $2 level are indicative of a strong upward trajectory. This perspective challenges the notion that investors are not bullish enough on XRP, suggesting that the altcoin's potential has not yet been fully realized.