Market analyst XRP Shark projects a possible timeline for XRP to reach a price range of $20 to $33 amid current market conditions.
He presented this forecast following a previous analysis of XRP’s price movements. At the time, XRP traded for $0.44154, having collapsed 5.45% during the week. An accompanying chart showed that XRP’s price had traversed significant highs and lows, mirroring broader market trends.
XRP Price Movements
Data confirms that XRP faced resistance at $0.94303 (0.618 retracement level) and found support at $0.45209 (0.236 retracement level). Additionally, a volume profile visible range (VPVR) indicated robust trading activity around $0.35 to $0.45. This marked an important accumulation zone for XRP.
This range has been a battleground where buyers and sellers have actively engaged, impacting XRP’s price stability. The level was especially crucial amid XRP’s latest battles with the bears, with XRP recently finding support at $0.43 on Aug. 5. This helped the asset avoid lower lows during the market downturn.
Meanwhile, upon sharing the chart last month, XRP Shark noted that the market was close to the end of a long waiting period. He mentioned that the market would trigger his next buy orders if XRP drops by another two cents.
In a conversation that followed, a market participant commended XRP Shark for his accurate calls and patience. He inquired about the potential long-term price targets for XRP once the current low forms.
Timeline for XRP to Reach $20 to $33
XRP Shark responded that he expects XRP to reach the $20 to $33 level as possible targets. According to him, this price range could materialize toward the end of 2025 or the start of 2026. Crypto commentator Armando Pantoja also predicted last month that XRP could be heading toward $20.
Following XRP Shark’s timeline projection for this price target, another market participant called attention to a previous forecast from the analyst in July 2021. In this prediction, XRP Shark projected minimum targets of $26 to $27 for XRP, with the possibility of soaring to $96 to $240 if the SEC lawsuit concludes favorably and XRP’s utility expands.
Although the reminder sought to mock the analyst for what seemed to be a change in stance, XRP Shark reaffirmed his targets. He emphasized that while higher targets are conceivable if utility drives demand, the $20 to $33 range is a realistic expectation for the next major price surge.
Currently, XRP is battling to recover the losses it incurred from July 31 to Aug. 5. A recovery push began on Aug. 6 following a 3.5% intraday increase, but this campaign has halted at press time. XRP now changes hands at $0.5028, struggling to retain the $0.50 support level
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