Ripple: Here's What XRP’s Immediate Price Target Is?

XRP is one of the most trending crypto tokens for many reasons. Ripple’s recent launch of RLUSD speaks volumes about its commitment to making the world more crypto-centric. XRP has lately been hovering between $2.31 and $2.40, giving impressions of a modest, stagnant pace. Can the token rise high on the radar soon? Let’s find out.

Also Read: Quantum Stock (QUBT) Surge Outshines Nvidia (NVDA)

XRP’s Immediate Price Target

XRP Coin
Source: Trackinsight

Per Egrag Crypto, a notable cryptocurrency analyst, XRP is all set to close its 3-day candle, rising above the $2.3 price mark that it’s currently stuck in. The expert has also noted how this is a major bullish marker for XRP, which can catapult its price to reach a new high mark.

That being said, Egrag Crypto later shared how XRP is aiming to claim the $2.62 price mark, after which the token is free to break out and chart its own independent price path.

“#XRP – As Expected – Trust The Process: In just 6 hours, #XRP will close the 3-day candle, hopefully above $2.3—this is a strong bullish signal! Next target: $2.62! A close above $2.62 will trigger the full bullish formation and set us up for the next leg up! . #XRPFamily, STAY STEADY & STRONG ”

https://twitter.com/egragcrypto/status/1869795973385293954?t=k4LpJmxgLwCY

In addition to this, another notable cryptocurrency analyst, Gert Van Lagen, has shared another bold prediction concerning XRP. With the positive US political regime taking over charge, with more pro-crypto policies potentially coming up, XRP is all set to trade beyond the $100 price mark this bull cycle.

“$XRP [1W] – Double bottom formation breakout and successful retest at . Will history repeat, and will $XRP crush $100 this cycle?”

https://twitter.com/GertvanLagen/status/1869686909230067728?t=NEFTGZj8U6

Also Read: Avalanche AVAX Price Prediction: Can it Hit $100 by 2026?

The Technical Analysis Of The Token

Apart from the ambitious predictions stated above, CoinCodex predicts XRP to drop to $1.8 by mid-January 2024.

XRP PRICE CHART
Source: CoinCodex

“According to our current XRP price prediction, the price of XRP is predicted to drop by -20.17% and reach $ 1.830327 by January 19, 2025. Per our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 75 (Greed). XRP recorded 17/30 (57%) green days with 24.12% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy Ripple.”

Also Read: Cryptocurrency: 3 Coins To Rise When D.O.G.E Dept Officially Commences

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