Analyst Says XRP Could Hit $9 or $24 This Cycle If This Bullish History Repeats

Key Points

1. A bullish crossover between the 21-week EMA and 55-week SMA has historically signaled significant XRP rallies, such as a 40,000% surge in 2017 and a 750% rally in 2020.

2. If the current cycle replicates 10% of the 2017 rally, XRP could rise 4,000% to $24; if it mirrors double the 2020 cycle, it could gain 1,500% to $9.

3. Ripple's expansion into cross-border payments and stablecoins, including the launch of RLUSD, strengthens XRP's long-term utility and liquidity on the XRP Ledger.

4. The Federal Reserve Bank of Atlanta's mention of XRP in a Web3 report highlights its growing recognition as a bridge currency in decentralized finance.

5. XRP is currently trading above $1.70, with analysts noting strong resistance near $3; breaking this level could trigger further bullish momentum.