Crypto analyst Mikybull Crypto has provided a bullish outlook for the XRP price despite its recent pullback. The analyst predicted that XRP could record a price breakout to $3 this month.
XRP Price Breakout To $3 Could Happen This Month
In an X post, Mikybull Crypto stated that the XRP price is imminent as the chart looks ready. His accompanying chart showed that the price breakout to this target could happen this month.
The chart also showed that XRP could rally to $3.2, continue its uptrend, and reach the Fib 1.618 level at $3.7. This could ultimately pave the way for the crypto to reach its current all-time high (ATH) of $3.84.
Crypto analyst CrediBULL Crypto also provided a bullish outlook for the coin. He stated that XRP/BTC is just a few percent away from his local downside target, where he expects a bounce and continuation up.
The crypto analyst added that this means that the Bitcoin price would need to experience a pullback quickly if XRP is to drop to earlier entry points. If not, it will just rip up from here.
A Pullback To $2 Is Still On The Cards
Crypto analyst CasiTrades predicted that the XRP price could still witness a pullback to as low as $2 before a continuation of the uptrend. The analyst stated she is growing more confident in the E wave, targeting the bottom support at $2.08.
The analyst further remarked that the Ewave down aligns closely with BTC forming a C wave down. She added that the top trendline was recently tested and met with resistance. The Relative Strength Index (RSI) is forming a bearish trend, indicating downside momentum is building.
However, in the long term, CasiTrades is still bullish on XRP’s future trajectory. Despite how bearish the RSI currently is, she noted that the coin could witness a bounce to between $3.35 and $3.37. Crypto analyst Ali Martinez’s analysis also showed XRP could enjoy a 470% rally.
Analyst Reaffirms $27 Price Prediction
In a recent X post, crypto analyst Egrag Crypto reaffirmed his $27 XRP price prediction. He stated that XRP will hit Fib 1.414 and Fib 2.0, converging around $13.
When that rally happens, the analyst stated there will likely be a deep retracement, which could send XRP to around the $4 range. Egrag Crypto then predicted that the price could start the final surge to $27.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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