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Analyst Forecasts 20x to 50x Rally for XRP

Analyst Forecasts 20x to 50x Rally for XRP

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by Giorgi Kostiuk

2 days ago

Crypto analyst Steph Is Crypto has shared bullish insights on XRP with a potential for significant growth in the near future.

Technical Analysis of XRP

In a recent video posted on X, analyst Steph Is Crypto noted that XRP has broken above the weekly trend ribbon again, which often precedes a large price increase. This technical breakout indicates a confirmed bullish trend.

Comparison with Previous Breakouts

Chart analysis indicates that XRP's recent movement closely mirrors the structure observed in late 2024. The previous breakout above the trend ribbon was followed by sustained bullish momentum.

Target Levels for XRP

Currently, XRP is trading at $2.25. If a similar rally occurs, it could potentially rise to $13.5. Analyst predictions suggest a breakout could lead to price levels between $45 and $112.5.

The current technical setup, alongside historical patterns, suggests the possibility of a substantial rally for XRP, attracting attention from traders and investors.

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