Cryptocurrency analyst CryptoBull has presented a forecast for the future of XRP, stating that its rally has yet to begin.
CryptoBull's Predictions
In a recent post, CryptoBull stated, "The XRP bull run hasn't even begun yet. Price discovery will begin when we break the 2017 high." His chart analysis sets a price target of $200 for XRP if it clears its critical resistance.
XRP Price History
XRP's price first peaked at $3.36 in January 2018 but failed to reclaim that level in subsequent years. This changed in July of this year when XRP surpassed its previous record, reaching a new all-time high of $3.65, but heavy resistance capped the rally, pushing the asset back below $3 by late August.
Future of XRP
XRP is currently trading at $2.96 after multiple re-tests of the $3 level since its recovery in early September. The next test of resistance may prove decisive for the asset's future trajectory. A sustained move above 2018’s peak could attract renewed institutional and retail interest.
The analysis and forecasts provide insight into the potential growth of XRP, but significant hurdles must be overcome to reach new heights.
