Amid XRP’s latest comeback, market experts are warning that XRP could soon break the dollar mark, predicting an aggressive pump into the double-digit range.
XRP has finally awakened from its slumber to join the bull market frenzy, breaking multi-month highs after previously underperforming and frustrating holders.
On Tuesday, XRP surged by an impressive 23%, rising from $0.5991 to as high as $0.7354—a price level last seen eight months ago in April. This remarkable turnaround coincided with Bitcoin’s attempt to break into the $90K price range on Tuesday.
While XRP capitalized on Bitcoin’s uptrend following months of anticipation, excitement has swept the XRP community. Now, market commentators are growing more confident that the elusive $1 price is within reach.
Last Chance to Buy XRP Under $1
As a result, analysts are issuing bold warnings to the crypto community that now may be the last chance to buy XRP cheaply under $1. Commentators like Edo Farina have asserted that the long-awaited $1 price level could be recaptured as early as Friday—just two days away.
$1 $XRP by Friday
👀
— EDO FARINA 🅧 XRP (@edward_farina) November 12, 2024
Notably, since XRP broke into the $0.70 range, it has retraced to $0.6542 at the time of writing. From this point, reaching $1 would require XRP to rally by 53% in the coming days.
Meanwhile, analysts believe the $1 level will serve as a springboard for a sharp price pump.
XRP Price After $1 Breakout
Crypto educator Ralston Maximus suggests that the longer-term trendline for XRP points to the $1.09 to $1.10 range. He emphasized that once XRP surpasses the $0.75 resistance level, the next major challenge will be breaking through the $1.10 zone.
Maximus also pointed out that, regardless of short-term fluctuations, XRP has successfully broken out of its prolonged downtrend. Accordingly, he identified the $6.5 to $7 range as a potential target for the “smaller” move.
Looking further ahead, Maximus speculated that XRP could reach the $30-$35 range in the “bigger picture.”
Crypto commentator Armando Pantoja shared a similar outlook in a separate analysis. He highlighted the symmetrical triangle pattern, MACD indicators, and increasing volume as key factors supporting a potential breakout for XRP.
Pantoja noted that a similar alignment of indicators played out previously, which led to XRP pumping from just a few cents to over $3. Accordingly, he suggested that after XRP surpasses the $1 mark, its price target could range between $8 and $30.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
