Interest is rising among XRP investors following a bold prediction from renowned analyst Crypto Beast, who anticipates a minimum breakout price of $8. With the US Securities and Exchange Commission (SEC) no longer obstructing progress, he believes XRP is poised for significant growth. His analysis suggests that the market has yet to fully account for XRP's cleared status with regulators, attracting attention from both short-term traders and long-term holders.
In July 2023, XRP achieved a crucial legal victory when Judge Analisa Torres determined that it does not qualify as a security under US law. This ruling initially propelled XRP's price from approximately $0.48 to $0.93. However, prices later retraced to around $0.50 before experiencing another surge following the re-election of US President Donald Trump, who signaled potential changes at the SEC, allowing XRP to stabilize around $2.00. Despite this upward movement, Crypto Beast argues that the broader market has yet to fully recognize the implications of the legal win, suggesting that XRP is on the verge of a significant breakout.
Crypto Beast highlighted a bull flag chart pattern indicating a potential rally from $0.40 to $3.40, followed by a pullback to the $2.00–$3.00 range. He identifies a breakout point at $3.37, estimating a target near $10.69 based on the height of the flagpole added to its low. In a more conservative assessment, he sets a floor target of $8.80, representing nearly a fourfold increase from the current price of around $2.20. Achieving such levels would elevate XRP's market capitalization beyond $500 billion, placing it alongside major companies like Oracle, Netflix, and Mastercard.
Beyond XRP, Crypto Beast expresses optimism for the broader cryptocurrency market, forecasting a threefold increase in Solana, a doubling in Ethereum, and a fivefold rise in SUI. He also anticipates potential 40x gains for select smaller tokens. However, he notes that these predictions are contingent on a favorable market sentiment, primarily driven by Bitcoin. A downturn in BTC could similarly impact larger altcoins, indicating that a rally in XRP may depend on new capital entering the overall market.
Crypto Beast emphasizes caution, stating he will notify followers when to consider selling. He reminds them that chart patterns can fail and that external market shifts or changes in macroeconomic sentiment could disrupt the anticipated trajectory. While confident in XRP's future, he advises traders to remain vigilant and set stop-loss levels, closely monitoring Bitcoin for potential signals.
