By Bitcoinist - 3 months ago - Reading Time: 2 minutes
Crypto Analyst Gives Timeline For Parabolic Breakout For XRP Price, Here’s When
There could be a significant surge in the XRP price soon enough based on this crypto analyst’s prediction. Such a development will no doubt be exciting for the XRP community, which has had to endure the crypto token’s tepid movement for a while now.
“Massive Breakout” On The Horizon For XRP Price
In a post on his X (formerly Twitter) platform, Crypto Rover shared a weekly XRP price chart and remarked that XRP was going to experience a massive breakout. As part of his prediction, he said that this parabolic move from XRP will happen in the “upcoming 8 weeks.” Going by this, XRP’s price could potentially rise sometime in March.
Crypto Rover didn’t mention what price level XRP could hit when this impending breakout happens. However, from the chart that he shared, there is the possibility that XRP could rise to above $1 when the move occurs.
The sentiments around XRP look to be bullish despite its continued stagnant price action. Different analysts have offered their predictions as to where XRP is headed and what price levels it could attain. Another crypto analyst, Crypto Bull, also recently suggested that a price explosion could be on the horizon for XRP.
According to Crypto Bull, XRP is in the “last moments before exploding.” The analyst hinted that XRP could rise to as high as $10 as he highlighted that price level as when he will take the remainder of his profits from XRP.
XRP’s Current State
Meanwhile, crypto analyst Egrag Crypto provided an analysis of XRP’s current state in a recent X post. He stated that XRP is “strong,” but the crypto token could be affected if Bitcoin drops. However, if XRP were to drop with Bitcoin, he believes it wouldn’t be of a similar magnitude as before, as he said that the percentage drop this time might be less than that of other altcoins.
Whatever the case might be, Egrag still believes that XRP will pump soon. He had also referred to a previous post made in his latest post. In that post, he asserted that XRP will surge to $5 in the next 90 days. This parabolic move, he says, will mark the “initial wave 1” of a prolonged bull market, one which he believes will span several months.
As part of his bullish targets, the crypto analyst noted that he expects XRP to still rise to as high as $27. He had previously mentioned that he believes that this price level is attainable based on the fact that XRP surged by 61,000% back in 2017.
At the time of writing, the XRP price is trading at around $0.57, down in the last 24 hours, according to data from CoinMarketCap.
Original source: Bitcoinist