Price Prediction: Expert Predicts XRP Will Be a Game Changer Once it Hits This Price Point
XRP has been holding the $0.60 price level, briefly dropping below it but currently trading at $0.6062 as of press time. This represents a month-to-date gain of over 27%, which is one of the largest among mainstream crypto assets.
Traders and analysts are closely monitoring XRP’s movement, as it has been consolidating around the $0.60 mark for more than a week. Some are noting similarities between XRP’s current price pattern and the lead-up to its all-time high (ATH) during the early 2017 bull run, suggesting the potential for a significant upward trend.
Read Also: Expert Identifies Shiba Inu as a Top Choice for Potential Life-Changing Gains
Renowned Community Member Stance
In a recent analysis, a prominent community member, “Freki OG,” outlined a scenario where XRP defies expectations and shifts the current market narrative, similar to its performance in 2017. He emphasized that if XRP surpasses its $3.84 ATH, it could lead to a major shift in market sentiment and pave the way for substantial price growth.
This sentiment is echoed by other analysts and prominent figures within the XRP community. There is widespread agreement that breaking the 6.5-year-old all-time high could trigger a substantial surge in XRP’s value. Some analysts have even projected potential new ATHs, with one suggesting a 30-fold increase to $17.
Given that XRP is currently trading around $0.60, achieving a reclaim of $3.84 would entail a significant increase of approximately 540%.
Read Also: Dogecoin is Showing Potential For a Bullish Breakout Despite Low Trading Volume and Whale Activity
Follow us on Twitter, Facebook, Telegram, and Google News
Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
