Crypto analyst Jonathan Carter has predicted that the XRP price could rise to $1.68. The analyst, however, noted what needs to happen before the crypto token can attain such heights.
How XRP Price Will Rise To $1.68
Carter noted in an X (formerly Twitter) post that the XRP price was “bouncing from the lower trendline of a symmetrical triangle on the weekly chart.” He claimed that a successful breakout above the triangle would signal a bullish outlook for the crypto token, with $0.93 and $1.68 mi-term targets if this happens.
Related Reading: Dogecoin Holders In Profit across 82%, What About Shiba Inu?
Like the broader crypto market, XRP is also experiencing a downtrend, and Carter’s prediction undoubtedly offers hope that the crypto token will soon see a trend reversal. Crypto analyst XRP Captain also seems to hold this belief, as he recently shared an X post in which he stated that an XRP breakout was on the horizon.
Like Jonathan Carter, XRP Captain highlighted a symmetrical triangle on XRP’s chart. However, XRP Captain seemed to have a much higher price target for XRP, with the analyst hinting that XRP could rise above $2.6. Meanwhile, crypto analyst Jaydee agreed with this prediction and replied to XRP Captain’s post, stating, “It’s coming! Glad we loaded up heavily at 0.44 and 0.50! Zero emotions!”
Jaydee had earlier made a prediction of his own, stating that XRP will make “life-changing gains for the 5% (smart money) once we bounce off the 7-year trendline.” In the accompanying chart he shared, the analyst highlighted a hidden bullish divergence that had formed for the crypto token.
XRP’s Road To Double Digits
Crypto analyst Egrag Crypto recently predicted that the XRP price could rise to double digits soon. He claims that there is “a mini pump to $1.5 and major pump to $5.89 in the cards.” According to him, this macro pump could be so parabolic that it will cause XRP’s price to soar above double digits.
Related Reading: Shiba Inu Whale Moves 1.7 Trillion SHIB As Price Struggles, Where Are They Headed?
Analyzing the charts, Egrag noted two ways XRP’s parabolic rise could happen. He claims that if XRP’s price action follows the white triangle, the crypto token will break out to the upside, possibly rising to $1.5 during this rally. He added that this will begin a “significant macro breakout” that coincides around Fib 0.786.
Meanwhile, XRP moving along the blue triangle could propel the crypto token to $5.89, coinciding around Fib 1.618, Egrag remarked.
According to data from CoinMarketCap, XRP is trading at around $0.51 at the time of writing, down over 2% in the last 24 hours.
