XRP Price Rally Is Far From Over, Analyst Predicts – Here Are Bull Run Targets

XRP’s explosive price rally continues to gain traction, with analysts forecasting even higher price levels in the current market cycle. 

Analyst Crypto Patel has shared his insights on the potential trajectory of XRP, detailing key targets and strategies. His analysis, combined with historical chart patterns, offers a comprehensive outlook on the token’s future.

XRP’s Price Surge and Analyst’s Predictions

XRP has surged by 366%, reaching levels that validate Crypto Patel’s earlier prediction of a bullish breakout. In a tweet, he emphasized the importance of ignoring external negativity, such as regulatory challenges involving figures like Gary Gensler. 

Patel highlighted that those who accumulated XRP between $0.40 and $0.50 are now enjoying substantial profits. The analyst remains optimistic, predicting that XRP could soon reach $2, marking a critical resistance level. 

Beyond this, Patel envisions medium-term targets of $3 to $5 in the ongoing bull market. However, he tempers expectations for a $10 valuation, labeling it unlikely within the current cycle. His advice includes taking out initial investments to secure profits while holding a portion of XRP for potential further gains.

Read also: Analyst Calls Kaspa a ‘Better Bitcoin’ – Here’s Why KAS Is Groundbreaking

Historical Chart Patterns Indicate a Strong Bullish Cycle

Analyzing XRP’s historical price action, Patel’s chart reveals key phases of accumulation, breakout, and resistance. Between 2014 and 2024, XRP’s price movements highlight a significant breakout in 2017, which led to an all-time high of $3.84. Following this peak, XRP experienced a prolonged bear market and consolidation phase.

Key support zones, such as the $0.30 to $0.50 range, played a pivotal role in XRP’s price stability during the accumulation phase. The current breakout above a multi-year descending triangle confirms a bullish reversal, setting the stage for higher targets. 

Resistance levels at $1.94 and $3.84 remain critical hurdles for XRP to surpass, aligning with the targets outlined by Crypto Patel.

Besides, the chart analysis also highlights a vertical arrow symbolizing potential gains exceeding 2,700%, consistent with XRP’s historical parabolic movements during bull markets.

Although the possibility of reaching $10 is acknowledged, Patel emphasizes the importance of strategic profit-taking. His approach encourages mitigating risks while maximizing returns, underscoring the cyclical nature of cryptocurrency markets.

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