Altcoin
Analyst Predicts XRP Price Can Reach $250 Amid Ripple Whales Accumulation
Crypto analyst XRP Captain has provided a bullish outlook, predicting it can reach as high as $250. This prediction comes amid heavy accumulation from Ripple whales, who have purchased millions of XRP over the last few days.
Analyst Predicts The XRP Price Can Reach $250
In an X post, XRP Captain predicted that the XRP price could reach $250 at some point. The analyst advised market participants to be prepared for the “space journey largest breakout in history.”
The analyst’s accompanying chart showed that XRP could rally to this $250 price target between now and 2026. Following the prediction, crypto analyst Egrag Crypto also agreed that the crypto’s price could reach triple digits. However, he stated that triple digits is just the start, as four digits and above will be the next era for XRP.
It is worth mentioning that Egrag Crypto had recently predicted that the XRP price could reach $110 in the next market cycle. This comes amid heavy accumulation from Ripple whales. In an X post, crypto analyst Ali revealed that Ripple whales have bought 60 million XRP in the last 24 hours.
Short-Term Targets For The Crypto
In an X post, Egarg Crypto revealed short-term targets for the XRP price as it trades within a channel. According to the analyst, XRP could reach $4.20 if it breaks above the channel, with the next level at Fib 1.618, around $5.
For the lower target, the analyst stated that if XRP breaks to the downside, it would signal a bearish breakout, and the crypto could drop to as low as $1.80. However, he added that this would set the crypto for a double-bottom target, indicating an upward trajectory ahead.
Meanwhile, Egrag Crypto remarked that if the XRP price doesn’t break the channel, it remains bullish. He claimed that the breakout potential will increase over time, raising both upper and lower targets.
However, he warned that if XRP hasn’t broken the channel by mid-March, it could face a bearish scenario, but it will set it up for the next big leg up. It is also worth mentioning that Egrag Crypto recently highlighted the $3.40 price level as being crucial for XRP to reach a new all-time high (ATH). According to him, the crypto needs to close above this level to confirm any potential price breakout.
An Update On Current Price Action
In an X post, crypto analyst CasiTrades also provided a bullish outlook for the XRP price. She noted that the crypto retraced to the .382 level at $2.65 over the weekend, and now, that level has held strong, confirming it as a support level. Following this development, the analyst remarked that XRP is now setting up for a Wave 5 push toward $2.95 and $3.
She opined that XRP will likely see “strong resistance” around this level, and how the price reacts at this level will tell a lot. CasiTrades claimed that a rejection would keep the crypto range-bound, and another wave down could be in play. On the other hand, if a clean flip happens, she remarked that is where things will get really bullish.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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