Crypto analysts have shared their new evaluations on the XRP price, suggesting that the altcoin may achieve significant upward momentum in the coming weeks. Their analyses, shaped by technical formations and historical data, highlight both short-term and long-term expectations. While some experts indicate that the price may initially retract, the overall trend appears positive, particularly within the critical 90 to 120-day timeframe.
Hope for Growth Based on Historical Data
Crypto analyst Egrag Crypto points out similar peak movements in XRP prices observed in 2017 and 2021, suggesting that such cycles may repeat. The analyst notes that the double peak formations identified on the RSI (Relative Strength Index) chart align with historical patterns. According to Egrag Crypto, this indicates that XRP may attempt a new peak within the next three to four months.
In particular, the recurring formations on the RSI have boosted investor optimism. Egrag states, “Historical data shows that the altcoin could potentially reach a new peak within 90-120 days,” asserting that this process aligns with past cycles. Such expectations raise the idea that the XRP price could regain the $3 threshold.
Technical Patterns: Risks and Opportunities
Another aspect highlighted by Egrag Crypto is the “Inverse Head and Shoulder” formation. Known as a significant reversal formation in technical analysis, its completion could see XRP reach the $3.7 to $3.9 range. While this potential excites investors, it is acknowledged that the price may experience fluctuations before hitting these targets.
Conversely, Dark Defender focuses on a different scenario. Analyzing through the lens of Elliott Wave Theory, the analyst notes that XRP is currently in a corrective phase and signals that the price may dip below $2 in the short term. “XRP might fall below $2 due to the corrective movements in the monthly Elliott Wave structure,” urging investors to remain cautious.
Another analyst, CasiTrades, similarly believes that the current downturn has not fully ended. However, noting that the RSI indicator is giving positive signals, he suggests that the price could touch the 0.618 golden retracement level around $2.17 or the golden pocket region near $2.15. These levels are often regarded as strong support in technical analysis.
Market Uncertainties Pressure Prices
Another uncertainty facing XRP investors is regulatory developments. New updates in the legal process between the SEC and Ripple
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may lead to sudden market fluctuations. Discussions around SEC chair nominations can also directly impact the cryptocurrency market from time to time.
As investors monitor the levels predicted by technical analyses, they must also consider external market factors. Experts indicate that XRP carries both strong growth potential and short-term risks in the upcoming period. Therefore, it is emphasized that market developments should be closely monitored.
