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Analyst Sets $100 As “Realistic” Target For XRP Price In This Bull Run
Crypto analyst XRP Captain has provided an ultra bullish outlook for the XRP price. He suggested that the crypto could reach triple digits in this market cycle while asserting that such an ambitious price target is realistic.
Analyst Sets “Realistic” Target Of $100 For The XRP Price
In an X post, XRP Captain stated that $100 is a realistic target for the XRP price in this bull run. However, the analyst failed to mention when exactly XRP could reach this ambitious target or what could spark the parabolic rally to this price target.
This prediction comes just as crypto Egrag Crypto stated that XRP will reach double digits in this market cycle and then triple digits in the next cycle. Meanwhile, crypto analyst Dark Defender has provided an even more bullish outlook for the coin than XRP Captain.
Dark Defender recently predicted that the XRP price could rally to $333 if it mirrors its performance in the 2017 bull run. Analysts like Egrag Crypto have also alluded to the coin’s historical performance in 2017 as the reason it could enjoy massive gains in this bull run.
Insight Into The Crypto’s Current Price Action
In an X post, Dark Defender stated that the XRP price is forming Wave 1 on the daily chart. He remarked that he expects the crypto to move towards $2.42 first. The analyst affirmed that the real momentum will start after XRP stands above the Ichimoku clouds.
The analyst then highlighted $2.22 and $2.04 as the support levels to watch out for while the targets are $4.2932 and $5.8563. As CoinGape reported, crypto analyst Rose Premium also predicted that XRP could soon reach $5 as BlackRock gears up for ETF filing.
Egrag Crypto stated that XRP’s dominance is showing tremendous strength. He noted that the dominance is on the verge of closing above the 2021 high of 6%, surpassing Fib 0.6, which he considers a critical level and a super bullish sign once this close happens.
The analyst further remarked that if the dominance successfully closes above Fib 0.5, it could surge straight to Fib 0.888, which is his target of 15 to 20%. He added that this would align with the highs from 2015. It is worth mentioning that the Egrag Crypto previously asserted that XRP will flip Ethereum to become the second-largest crypto by market cap.
In another X post, the analyst stated that XRP’s Relative Strength Index (RSI) is steadily ticking upwards and that it is just a matter of time before market participants witness a celestial move.
Egrag Crypto also highlighted key RSI targets. He stated that 70 is for bullish confirmation, 77 is for bullish momentum, 85 is for bullish continuation, and 89 is for a parabolic rally for the XRP price.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. 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, a traveler 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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