A well-known analyst, who predicted last year's rally in XRP, has set a target price of $8 by mid-2026. The analysis is set against current market trends.
Analysis and Predictions for XRP
On June 18, an analyst stated that XRP has a good chance of reaching $8 by mid-2026, referencing a repeating Fibonacci arc that preceded the rallies of 2017 and 2021.
Market and Whale Activity
Over the past week, whales absorbed approximately $190 million in XRP, while exchange inventories have fallen to a six-month low. As of now, more than 2,700 addresses hold over one million coins.
Future of XRP and Alternative Tokens
Some traders are looking to diversify into other tokens like Remittix, which is gaining traction among freelancers seeking quick payments.
The market for XRP is expected to witness dynamic developments in the coming months, with potential movements both upward and downward depending on market conditions and institutional activity.
