Crypto chartist CryptoInsightUK speculates that if the current bullish pattern continues, XRP could see a significant increase and reach the ambitious $35 next year.
Despite his recent problems, XRP has had an impressive year. After breaking out of the trading range in November, the fourth-largest cryptocurrency by market capitalization rose to a multi-year high of $2.9 earlier this month.
XRP has gained an incredible 252% over the past year, driven by the optimistic sentiment surrounding the ecosystem. In particular, Donald Trump’s election victory and the SEC hierarchy reform contributed immensely to the bullish performance.
However, Cryptoinsightuk believes that a even better performance could come next year. In one youngest In his commentary, he set ambitious goals for XRP in the first and last quarters of the year.
XRP to $10 and $35
The analyst noted that he has adjusted his 2017 overlay bar to account for the recent XRP price breakout. An accompanying chart shows that it has moved the price prediction bar to the current price level.
Furthermore, he hinted that XRP will have a strong performance in the first and third/4th quarters. quarter if the upward momentum continues. According to his comment, the digital asset would rise to $10 between January and March 2025 Reached $35 around the latter stages of 2025 if current market sentiment continues.
Analyst cites crucial factor in deciding XRP’s next direction
Meanwhile, another analyst, Dom, provided an important update on the XRP price. He noted that the high-profile asset had retested the $1.9 level twice, weakening support.
Additionally, he claimed that a Bitcoin close below $95,000 would cause the leading asset’s downward trend to continue and be joined by altcoins…
