Bitcoin

Short-Term Ripple (XRP) Price Prediction: Analyst Chips in

1 Mins read

TL;DR

  • Dark Defender’s XRP Prediction: Analyst Dark Defender predicts XRP’s short-term target could be between $1.05 and $1.88, based on a “cup & handle pattern” in the daily timeframe, but warns of the need for the token to maintain a primary support level.
  • XRP’s Current Market Position: XRP is currently trading at around $0.61, experiencing an 11% decrease over the past two weeks.
  • EGRAG CRYPTO’s ‘Mega Pump’ Forecast: Another analyst, EGRAG CRYPTO, suggests XRP could see a significant uptrend, or “mega pump,” if it surpasses three key support levels in the coming months.

XRP’s Target Set at Almost $2

Ripple’s native token – XRP – is among the cryptocurrencies subject to most price predictions. The latest such forecast came from the X (Twitter) user Dark Defender, who suggested that the asset has formed “a cup & handle pattern in the daily time frame.”

As such, they assumed that XRP’s short-term target is in the range of $1.05 to $1.88. However, Dark Defender warned that the token must close “under the primary support of $0.6044 for 2 days in a row.” 

Currently, XRP trades at around $0.61 (per CoinGecko’s data), representing an 11% decrease on a two-week basis.

Is XRP’ Mega Pump’ Incoming?

Another analyst who believes Ripple’s coin could experience a significant uptrend is the X user EGRAG CRYPTO. They predicted that XRP could witness a “mega pump” in the following months should it overcome three important levels, described as “robust support,” “firm support range,” and “support threshold.” 

Those curious to find out how the asset might perform in the remaining quarter of 2023 could take a look at the dedicated video:

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