Latest Ripple (XRP) price predictions to view

TL;DR

XRP has been trading around $0.52 recently, but analysts are predicting a potential rise to $0.70 this summer as the token is reportedly nearing the end of a long consolidation phase. While some are predicting gains, others are predicting a possible drop to $0.27.

Is it XRP’s time to shine?

Ripple’s XRP is one of the few leading cryptocurrencies that hasn’t seen a substantial price increase in recent weeks. It has been consolidating around $0.5 while its market cap has been struggling to surpass $30 billion.

Some analysts, however, believe the asset is poised for significant gains in the near future. Content creator using the X handle DustyBC Crypto pointed to XRP’s progress on a year-to-date basis, suggesting that a rise towards $0.70 may be in the offing sometime this summer.

Blockchainedbb also chimed in, stating that the token has been in consolidation mode for over 700 days, suggesting that the end of this phase could be just around the corner.

“Getting out of this range and the touch is a good entry for the long term. Let’s wait and see”, they add.

It’s worth noting that not all analysts are so optimistic. X user Jason A. Williams predicted that the price of XRP could drop to $0.27 during the next bull cycle. Instead, they expect a new all-time high of $336,000 for Bitcoin (BTC) and a new peak of $12,000 for Ethereum (ETH).

Previous forecasts

JAVON MARKS and EGRAG CRYPTO also speculate on the future trajectory of XRP. The former stated that the token holds a certain resistance zone for several months, describing it as a “hidden bullish divergence setup”. The analyst recalled that in 2017, the same pattern was followed by a 63,000% increase in less than a year.

“If XRP hasn’t made a name for itself yet, it looks like it’s about to do so now,” the trader added.

EGRGA CRYPTO envisioned a bright future for the asset based on the low Relative Strength Index (RSI). This technical analysis tool measures the speed and change of price movements and helps traders assess whether the token is overbought or oversold.

It ranges from 0 to 100 as a ratio above 70 signals that an XRP correction could be imminent. The data shows that the RSI has not broken above this level since May 21.

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