Despite a history of poor performance, crypto analysts remain optimistic about the future of XRP price. While some predictions may seem overly ambitious, others, like crypto analyst Alan Santana, have set more conservative price targets. Santana recently shared his 6-month prediction for the XRP price on the TradingView website, expecting the altcoin to outperform others as the crypto market gears up for a bullish rally.
Santana’s analysis indicates that the waiting period between each bullish wave for XRP has elapsed. Typically, there is a 6-8 month gap between these waves, but it had been over 10 months since the altcoin’s last bullish wave. This prolonged period makes XRP ripe for another bullish wave. Santana also noted that XRP has been on a bullish trend, consistently recording higher lows, which is a positive sign for its price trajectory.
The crypto analyst anticipates a rapid bullish wave for XRP in 2024 and 2025 as the accumulation phase for the altcoin nears its end. This sentiment is echoed by another analyst, U-Copy, who believes that the seven-year accumulation phase for XRP is concluding, paving the way for a significant price rally. While U-Copy predicts a new all-time high for XRP with at least a 600% increase, Santana takes a more conservative approach, expecting the price to surpass $1 but peak around $1.9 to $2, representing a 280-300% increase from the current levels.
Santana is confident that once XRP price starts to increase, it will do so rapidly and sustain the momentum for an extended period. He believes that this surge in price will leave many wishing they had bought in at lower prices. The analyst’s optimistic outlook on the future of XRP price is rooted in the positive indicators and trends he has observed in his analysis.
While some may view XRP’s past performance as lackluster, analysts like Alan Santana remain confident in the altcoin’s potential for significant growth in the near future. The anticipated bullish wave, supported by technical analysis and market trends, suggests that XRP may experience a substantial price surge in the coming months. Investors and traders alike will be closely monitoring XRP’s movements as it potentially breaks above key resistance levels and reaches new milestones.