Crypto analysts are buzzing about XRP’s potential for a massive price increase. One analyst, Crypto Michael, predicts a parabolic upswing is imminent.
XRP’s Consolidation Period Ends
Crypto Michael’s analysis shows XRP completing a long consolidation period. He uses a chart showing XRP’s price action from 2017 to 2026, highlighting a symmetrical triangle pattern. This pattern, formed by converging trendlines, indicates a period of price compression and indecision. The breakout from this triangle, according to his analysis, is expected soon. Once XRP breaks above key resistance levels, a significant price increase is anticipated. While no specific price target is given, the chart suggests a substantial upward move from the current price of around $2.22.
Another Analyst Predicts an $80+ XRP Price
Another analyst, CW, has also made a bold prediction. Their analysis, using a multi-cycle chart, suggests XRP is nearing the end of a long consolidation phase. CW points to a six-month accumulation period, similar to previous market patterns, forming a converging triangle. This, they believe, signals a major upward move.
CW’s chart identifies three potential price targets:
- First Target: Above $3.8 (previous all-time high)
- Second Target:
Around $21.5
- Final Target: A parabolic surge beyond $80
Both analysts believe XRP is poised for a significant price increase, with some suggesting a price well above $80. Only time will tell if these predictions pan out.
