Analysts Forecast XRP Price Could Skyrocket 64,000% to Reach $1,700 by Year-End
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Recent projections for XRP prices have become increasingly ambitious, indicating a possible surge of 64,000% to reach $1,700. Analysts supporting this projection cite historical price movements and the current technical landscape of XRP as the foundation for their year-end expectations.
A visual analysis shared by crypto analyst The Real Remi Relief illustrates that XRP is currently following a technical trajectory reminiscent of its 2017-2018 bull run, during which it dramatically increased by thousands of percent shortly. With this established pattern reemerging, the analyst has indicated that a breakout for XRP is imminent, with targets potentially soaring as high as $1,700.
XRP Year-End Price Predictions
The visual data outlines two notable phases of consolidation in XRP’s price development — the first occurring from 2014 to 2017, and the second extending from 2018 to early 2024. Throughout both intervals, the cryptocurrency experienced prolonged compression beneath a declining resistance level. This phase of compression was usually followed by a breakout, a retest, and significant upward price movement.
Further Insights
Importantly, the 2017 breakout resulted in XRP achieving its all-time peak of $3.84, a mark it has not reached for over six years. Earlier this year, XRP witnessed a comparable breakout that propelled it above a prolonged downward trend. Current observations indicate that the cryptocurrency’s retest is holding firm, which has historically led to significant upswings in prior bullish cycles.
Consequently, Real Remi Relief contends that the past may be on the brink of a repetition. His projections indicate that XRP could achieve an incredible climb of 64,000%, reaching an extraordinary $1,700 per token by late 2025 or early 2026.
While the timeline might stretch to the subsequent year, the forecast suggests that 2025 could be a pivotal year for XRP, presenting significant opportunities for the altcoin to conclude the year on an upward trajectory. Interestingly, the analyst has also suggested a more conservative estimate, expecting XRP to achieve an ambitious yet plausible price of $1,200 by year-end.
XRP May Surge Even Higher By 150,000%
While the $1,700 outlook for XRP is undeniably bold, the analyst posits that the cryptocurrency’s overall potential for growth this cycle could reach astoundingly between 80,000% and 150,000%. Such an increase could boost XRP from its current value of $2.4 to staggering prices of $1,920 and $3,600, respectively.
Further Insights
These potential gains would surpass XRP’s former high and signify one of the most significant asset evaluations in the history of cryptocurrency. There remains skepticism, especially among those commenting on the analyst’s post, who perceive this ambitious projection as an almost unattainable target.
Featured image from Adobe Stock, chart from Tradingview.com
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