According to a recent prediction by an analyst, the price of XRP could surpass its previous all-time high within the next few months.
During the previous market cycle, the price of XRP failed to surpass its all-time high of $3.84 set in 2018. However, experienced market analyst Leb Crypto expects that to change in the current market cycle.
Leb predicts that XRP will surpass the $3.84 all-time high before or right after Bitcoin’s upcoming halving, slated for next month. For context, a surge back to the 2018 ATH of $3.84 will represent over 560% increase from XRP’s current price of $0.68.
The analyst hints that the XRP rally will be led by a broader bullish crypto market performance in the weeks leading up to the halving.
According to Leb, Bitcoin may experience euphoric price action around the halving date, pushing prices to an all-time high of $100,000. This move will allow altcoins like XRP to shine and recover their previous highs, just as Bitcoin has done over the past few weeks.
Expecting 2018 ATHs to be taken out very soon (before or right after BTC halving).#xrp
Let me know in the comments what you think would follow that pump. pic.twitter.com/nw4AWNsmQI
— LE₿ C®️YPTO (@leb_crypto) March 13, 2024
Multiple Analysts Bullish on XRP
While Leb’s bullish XRP price prediction catches the eye, the analyst is not the only one who has forecasted such a meteoric price rise for the cryptocurrency.
The consensus is that XRP is due for a surge, having missed out on reaching its previous highs in 2021 because of selling pressure triggered by the SEC case.
With most of those concerns already addressed in a landmark victory in July 2023, many analysts predict that XRP is now ready for a period of outperformance. Some expect the cryptocurrency to hit $5.85, while others forecast prices as high as $14.6 if certain conditions are met.
Evidently, there are no guarantees that these predictions will come true. However, the unanimous position of several leading analysts on XRP suggests a positive outlook for the cryptocurrency as the current bull market continues.