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Analysts Predict XRP Price Surge to $30

Sep 28, 2024
  1. Analysts See Bullish Signals in XRP Charts
  2. Bold Prediction: XRP Could Hit $30
  3. Grayscale Excludes XRP from Top 20 Assets List

Crypto analysts Tony Edward and CrediBULL Crypto have made optimistic forecasts for XRP despite ongoing litigation with the SEC.

Analysts See Bullish Signals in XRP Charts

Crypto analyst Tony Edward stated that XRP charts show positive signals. CrediBULL Crypto supported this view, highlighting that the multi-year consolidation signals a potential breakout. The analyst noted that no other cryptocurrency has maintained such a bullish pattern for over seven years like XRP.

Bold Prediction: XRP Could Hit $30

In a video on the Thinking Crypto YouTube channel, Tony Edward and CrediBULL Crypto discussed the potential price rise for XRP. CrediBULL Crypto claimed that the long consolidation period foretells significant expansion. The analyst predicted that when the bull run starts, XRP could reach $10 and eventually $30, parallel to Ethereum's forecasted rise to $20,000.

Grayscale Excludes XRP from Top 20 Assets List

While some analysts are optimistic about XRP, others remain skeptical. According to Turkish NY Radio, Grayscale did not include XRP in its top 20 crypto assets for the fourth quarter, opting for coins like SUI, TAO, and CELO, which have lower market capitalizations.

The future of XRP largely depends on the outcome of the SEC vs. Ripple case. Although the multi-year consolidation and potential bull run are encouraging, the possible SEC appeal by October 7 could impact XRP's price.

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