XRP Price Prediction: Analysts Bullish as 'Big Things Coming'

Crypto analysts Amonyx and Egrag Crypto are optimistic about the prospects of XRP price, believing that a "big event" is about to happen. According to their analysis, the long-awaited breakthrough of XRP price may happen soon.

Crypto Assets analyst Amonyx stated in a post that the price of XRP is going to pump significantly. The chart he attached shows that the cryptocurrency may pump up to $75. The analyst based his prediction on XRP replicating a similar trend to its price surge of over 61,000% during the bull market in 2017.

The chart shows that XRP has been consolidating for a year before breaking through and enjoying an unprecedented Rebound. In line with this, analysts emphasize that XRP has been consolidating since then, indicating that another price breakthrough is imminent.

Amonyx is more bullish on the price of XRP lately. Prior to this, he predicted that Crypto Assets would reach between $50 and $57 during this Bull Run peak. However, his recent forecast provides a more optimistic outlook for XRP. Interestingly, he also predicted that Crypto Assets may experience a big pump up to $400.

These bullish XRP predictions are believed to be partly due to B. and C.C's recent application to offer XRP ETF. These funds may drive XRP to pump significantly, as they will attract more institutional investors into the Token ecosystem. Therefore, these XRP ETFs will have a positive impact on the XRP price, just like SpotBTC ETFs have on the BTC price.

At the same time, in the short term, Amonyx also expects XRP prices to potentially pump significantly. In a recent X post, he shared the XRP/BTC chart and told XRP holder that the god candle is coming soon.

Cryptocurrency analyst Egrag Crypto emphasizes that $0.61 and $0.62 are breakthrough targets worth following. He points out that the breakthrough points are getting lower and adds that XRP has at most 70 days to reach the final peak of the breakthrough points.

Egrag Crypto further pointed out that he believes the price breakthrough may happen faster than expected in the next 15 to 30 days. According to him, the pressure is building up and will not last long. In fact, the consolidation of XRP can be traced back to the bull run of 2021, when it failed to hit an all-time high (ATH).

The price level of $0.60 has also proven to be a strong resistance level for the Token, as the Token has repeatedly retested it without being able to break through since Judge Analisa Torres made the final ruling in the Ripple SEC lawsuit in August.

The current XRP price is about $0.55, which has pumped more than 3% in the past 24 hours.

(Data Source: Scott Matherson)