A well-known analyst recently suggested that XRP is going to crash, but details from his chart actually point to a more bullish outlook. XRP has seen a 12.57% drop in price this month, marking the first potential bearish close since November 2024. However, another analyst, Steph, presented an inverted monthly chart showing that previous downturns for XRP actually led to significant price increases. Steph believes that a fourth downturn may be on the horizon, but sees it as an opportunity for a massive upsurge in price. The chart suggests a possible trajectory towards the $100 mark, although some have dismissed this price target due to the necessary market cap. Other analysts are also bullish on XRP, particularly with discussions of its potential inclusion in the U.S. digital asset stockpile and ETF developments. Analysts have suggested price targets of $6 and even $24 for XRP. Currently, XRP is trading at $2.65.
Content Editor ( thecryptobasic.com )
- 2025-02-21
Analyst Says XRP Crash Incoming, Panic Sells Everything, but Here’s the Full Story
