Ripple: XRP’s Path To $28 Becomes Clear: Analyst Explains How

XRP is unarguably one of the most promising crypto coins in space. Analysts have long predicted its bullish price pace, but the token has yet to break past its critical price barrier of $0.65. While Ripple Forges new global collaborations to assist XRP in peaking high, here’s another bullish prediction for XRP that the token can easily claim the $28 price mark.

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Bullish Price Forecast for XRP

A notable crypto analyst, Cheeky Crypto, took to YouTube to share a detailed video on how XRP could soon reach a $28 price level. The analyst backed his bold claim with a concept of Elliot’s wave theory.

The theory is crucial in determining buyer and seller sentiments through different price patterns. The Elliott wave theory also helps identify asset wave cycles. Studying these patterns can reveal clues about an asset’s future price and movement.

Based on the present XRP wave analysis, the token is currently within a five-wave structure, often linked to an ascending trend. This could indicate that the token is gearing up for a change, possibly one that can help it spike to new highs.

The analyst predicts XRP will hit $5-$10 by 2025. At the same time, the analyst states that XRP can even inch higher and hit the $28 price mark if it breaks critical price resistance levels. The analyst has also referenced historical data from 2014 and 2021, with Elliot wave patterns, to predict the $28 price mark for XRP.

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What Do Technical Indicators Say?

According to finders, XRP has a long way to go. The token is currently trading at $0.53 and may end the year at a price level of $0.65.

The finder panel further predicts that the token will reach the $1.05 price mark by 2025 and that XRP will hit the $2.49 mark by 2030. However, these predictions can be subject to change if market momentum supports XRP and assists the token in rallying toward its breaking point.

“XRP is expected to climb faster owing to the massive adoption by the financial institutions, banks, and payment systems. Moreover, new investors will give preference to XRP because of [its] low price as compared to other competitor crypto.”

Also Read: Ripple Rally Incoming as Analyst Says XRP’s in Best Position Since 2017