XRP Price Is Poised to Hit $5.8, Says Top Crypto Experts
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XRP, the cryptocurrency associated with Ripple, is expected to experience a significant surge against Bitcoin following the halving event. Despite the ongoing legal battle between Ripple and the SEC, analysts remain optimistic, suggesting XRP price to surge by 100 to 58431%.
XRP Eyes For $5.85
Dark Defender, a prominent crypto analyst, took to X platform to share insights into XRP’s recent performance.
According to Dark Defender’s analysis, XRP’s Monthly Time Frame indicates that XRP’s move has officially begun. The cryptocurrency has successfully breached the significant resistance level of $0.6649 in the Daily Time Frame.
Looking ahead, the analyst outlines targets for XRP’s price in the coming weeks. The analyst predicts XRP to approach the $1.33 mid-resistance level, with further Fibonacci targets of $1.88 and $5.85 on the horizon.
Experts Bullish Take
Renowned analyst CrediBULL Crypto has also pointed out promising technical indicators for the XRP/BTC pair, suggesting the possibility of substantial gains for investors. According to CrediBULL, XRP is currently in an “accumulation phase” within a larger demand area, indicating an imminent upward movement.
CrediBULL Crypto’s analysis hints at a potential 100% surge in XRP’s price against BTC post-halving. The analyst predicts a short-term growth of 15-20%, with the possibility of a further jump if XRP manages to surpass key resistance levels.
Backing his analysis, CrediBULL Crypto revealed that he has increased his position in XRP, citing the “RSI Divergence” indicator as support for his decision.
XRP’s 6-Year Pattern
Drawing parallels to a Symmetrical Triangle pattern observed between 2013 and 2017, the market analyst Steve Courtney suggests the possibility of history repeating itself. Meanwhile, in that period XRP saw a significant surge, resulting in a 58431% increase.
If that follows, we can see XRP surging from the current price of $0.620 to $352.94. As the time will tell whether XRP will see such amount of surge or follow the current pace.
