Analyst Who Sets 2-Digit Target Tells XRP Holders: Parabolic Move Is Coming
Main Idea
An analyst predicts a significant parabolic price increase for XRP, targeting $29, based on historical trends and technical indicators, while other forecasts offer varying price targets.
Key Points
1. Analyst Random Crypto Pal predicts XRP could reach $29, citing a potential 'parabolic move' and historical price patterns.
2. Historical milestones noted include a previous peak of $3.34 in early 2018 and a consolidation phase.
3. Other analysts provide alternative forecasts: CoinPedia projects $5.81, Standard Chartered $5.50, Egrag Crypto $15-$17, and CoinDCX $9-$20 by December 2025.
4. Factors influencing predictions include ETF launches, regulatory clarity, Ripple's initiatives, and broader blockchain adoption.
5. Some extreme projections, like $30-$50, argue global liquidity and adoption could drive XRP's growth.
Description
Crypto analyst Random Crypto Pal has shared a detailed analysis of XRP’s long-term price trajectory, identifying what he calls the “next stop” at approximately $29. In his post, he referred to an expected “parabolic move incoming” and added that “who disagrees has no idea,” implying strong conviction in the forecast. The chart he attached illustrates XRP’s historical price patterns and projects a steep upward trend following an apparent resolution of the long-standing legal dispute between Rippl...
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