A well-known market analyst believes that XRP could fall below the price of $1 mark before a recovery pump is recorded to a two-digit final target.
XRP is currently struggling with downward pressure. The token has suffered a 9% loss in the last 24 hours but remains above $2. With the year is coming to an endXRP is on track to make its first close annual candle above $2an important milestone in its history.
However, market experts are predicting a volatile development in advancewith sharp corrections that may result in necessary Conditions for a massive rally.
A well-known analyst, “Guy on the Earth,” recently presented a similar attitude. He compared current market conditions to previous bull cycles, particularly the 2013 and 2017 runs.
Historically, XRP bull markets have seen extended periods of consolidation before explosive rallies. In the 2013 cycle there was a four-year cycleThe consolidation was followed by a massive price increase, while the 2017 cycle increased profits by 1,100% in just a few months.
The analyst expects volatility to decrease as the crypto market matures, resulting in smaller percentage gains. According to him, a repeat of the 2017 extension could theoretically push XRP to $177, but such a target is unlikely in this cycle.
Instead, he set a more realistic maximum target for this bull market of $27. Interestingly, another prominent market watcher, EGRAG Crypto, has consistently predicted $27 as the target for XRP, citing different paths. Meanwhile, “Guy on the Earth” expects the goal to be achievable by January 2026.
Short-term XRP goals
In the short term, the analyst predicts further downside for XRP. He expects the…
