XRP is the leading cryptocurrency that has lately been attracting heavy momentum. The Ripple ecosystem has recently launched its RLUSD stablecoin, which has already been attracting decent volume and paving the way for XRP to secure further momentum. Experts have already started forecasting new price predictions for XRP in this wake, claiming that its spike to a new $3 price mark is inevitable. Here’s how this may happen.
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XRP to $3: What’s Happening?
Source: Coinpedia
A seasoned cryptocurrency analyst, Dark Defender, on X, has shared a new interesting price chart for XRP. The analyst shared how XRP is currently following a familiar path, paving its own individual path. Dark Defender had earlier uploaded an XRP prediction in which the analyst claimed that the token may claim the $2.72 soon. The aforementioned prediction was originally uploaded on 15th December. Surprisingly, the said forecast was materialized two days later, when XRP claimed the coveted $2.72 mark.
Now, Dark Defender has come up with a new price forecast, adding how XRP’s soaring path to new price levels is inevitable. The analyst shared how a retest might be underway, pushing the token to sit around $2.42 before it can soar back to touch another high of $2.92.
The analyst then boldly claimed how Ripple will then be moving forward to stake a claim on a new high price mark of $3.43 to $3.85, provided the market momentum allows the token to thrive in the long run.
“Hi all. We have a clear break on the daily chart! XRP has followed our path for a long time. The latest example is the post we discussed 2 days back on 15 December, where we targeted $2.72, and today, XRP bounced back from $2.72 . The confirmation is in place for $2.42 and $2.52 in the 4-hour chart. There can be a retest towards the $2.42 before breaking $2.92. After eliminating this level, XRP will be good for $3.43 and $5.85.”
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The Technical Markers: Where Is The Token Headed Towards?
While analysts continue to forecast bullish numbers as Ripple continues to diversify its ecosystem via RLUSD, CoinCodex tells a different story.
Per CC, XRP may note a significant drop in its price by January 17, pushing the token to sit at the $2.05 price level.
Source: CoinCodex
“According to our current Ripple price prediction. The price of Ripple is predicted to drop by -20.39% and reach $ 2.05 by January 17, 2025. Per our technical indicators, the current sentiment is bullish while the Fear & Greed Index is showing 87 (extreme greed). XRP recorded 18/30 (60%) green days with 27.23% price volatility over the last 30 days. Based on the XRP forecast, it’s now a good time to buy XRP.”
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