Ripple (XRP), by surpassing key resistances, has once again caught the attention of analysts. Currently trading around $2.1, technical analysts like Dark Defender and CryptoBull believe XRP is on a significant price growth path. Dark Defender’s six-month chart shows Ripple breaking several historical resistances and its Relative Strength Index (RSI) entering an uptrend range, indicating increased buying pressure. Alongside technical analysis, some analysts have set price targets of $3.75 to $5.85 in the coming months. Others have even introduced a remarkable $18.22 as a potential mid-term price target, with some extreme predictions mentioning $280 in the long term. However, most analysts agree around the $5 level, considering it a crucial psychological and technical target for XRP. On the other hand, bullish triangle and descending wedge patterns on XRP’s price chart, as observed by analysts like CryptoBull, suggest the start of a new uptrend in the near future. He predicts Ripple’s price may first grow to around $5 and then stabilize around the $3.85 support level. Despite these positive outlooks, the overall market sentiment remains cautious, with the Fear and Greed Index at 39, indicating a fear zone. While XRP’s technical outlook appears strongly bullish, psychological factors and overall market conditions will play a significant role in realizing these predictions. You can monitor the prices of all tokens and cryptocurrencies live and in real-time on the instant price page of digital currencies.
