XRP News Today: XRP Surges 2% as Analysts Predict 50% Rally

Crypto analyst Jaydee has predicted a significant rally for the XRP price, suggesting a 50% increase if the altcoin breaks above a key resistance level on its Bitcoin pair. Jaydee highlighted that XRP needs to surpass the $0.00002 resistance level to initiate this substantial uptrend. Following this prediction, XRP has already broken above this resistance level, indicating that the anticipated rally could be imminent, with the altcoin potentially surging to as high as $3.35.

A rally to $3.35 would bring the XRP price close to its current all-time high (ATH) of $3.84 and mark a new yearly high for the altcoin. Jaydee further analyzed that XRP could reach new ATHs with a successful break above the resistance level. Conversely, he warned that if XRP fails to maintain this level on at least the 3-day timeframe, the altcoin could crash to as low as $1.60.

Another analyst, Guy, recently predicted that the XRP price could rally to a new ATH of $5.30. He identified the $2.33 level as crucial for initiating this uptrend. According to his analysis, once XRP breaks above $2.33, it could rally to $2.55. A break above $2.55 would then pave the way for another rally to the current ATH and the Fibonacci extension at $5.30.

CasiTrades, another crypto analyst, outlined three potential scenarios following the XRP price break above $2.30. The first scenario involves a clean move where XRP could run towards $2.45, then flip $2.30 into support on a backtest. This would provide a solid base for a move to $2.69 and beyond. The second scenario is more aggressive, predicting a sharp breakout through $2.30 and heading straight to $2.69. From there, XRP could pull back to $2.45 as the mid-way support zone before continuing its uptrend. The third and most bullish scenario predicts that XRP could break through $2.69, confirm this price level as support, and clear the way towards $3 and above, putting the current ATH in sight for the altcoin.

At the time of writing, the XRP price is trading at around $2.32, up over 2% in the last 24 hours.