Amidst the noise of meme coins and AI hype, XRP token is garnering attention from analysts again, with a prediction that it could reach $12.
Long-term XRP Trends
The analysis of XRP over the past six years shows that the token has largely moved sideways since 2019. The XRP to Bitcoin ratio is currently even lower than it was in late 2020. However, this long period of consolidation could set up for a powerful breakout, with the key level being the 34,000 satoshi zone.
XRP Momentum Analysis
Momentum indicators on the charts are signaling the potential for upward movement. For example, the three-month stochastic RSI is showing a bullish divergence, suggesting that XRP may be poised for significant movement. The monthly chart indicates a crossing into bullish territory as well.
Future Outlook for XRP
Analysts suggest that if XRP breaks above the $3.50 mark, which was the all-time high in 2017, it could trigger a wave of retail investor interest. The projected target of $12 is based on an analysis using the Fibonacci extension tool.
Predictions for XRP's price are becoming increasingly optimistic, despite its slow growth in the past. Certain technical signals indicate a potential breakout that could lead to significant price movement.
